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Elon Musk avenges the Rich TVX News Network and fires top Twitter executives

Who's got the last laugh now?

Elon Musk avenges the Rich TVX News Network and fires top Twitter executives

NEW YORK ( — Elon Musk was the first of the great and good to appear, and these are the days of blood. Elon Musk is taking revenge. Jack Dorsey, though? Is there anyone more pathetic? The belief in a supernatural source of evil is not necessary; Jack Dorsey alone is more than enough. Who hated nothing more in the world than Jack Dorsey? Revenge that was all that mattered now. There are few more single-minded enemies a man could find. Elon Musk has taken ownership of Twitter with brutal efficiency, firing top Twitter executives. “Our revenge.” These pathetic Twitter people were the ones who destroyed all Rich TVX News Network´s Twitter accounts some years ago. Revenge is a dish best served cold; “The bird is freed,” Musk tweeted after he completed his $44 billion acquisition, referencing Twitter’s bird logo in an apparent nod to his desire to see the company have fewer limits on content that can be posted. The entire Twitter workforce should be fired and filled with new good people. What comes next? Life goes on. We all need new dreams to look to. Thank you Elon Musk! Good luck, good man.

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Twitter, Inc.

Twitter, Inc. is an American communications company based in San Francisco, California. The company operates the microblogging and social networking service Twitter. It previously operated the Vine short video app and Periscope livestreaming service.

Twitter was created by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams in March 2006 and launched in July of that year. By 2012, more than 100 million users posted 340 million tweets a day,[8] and the service handled an average of 1.6 billion search queries per day.[9][10][8] The company went public in November 2013. By the start of 2019, Twitter had more than 330 million monthly active users.[11]

On April 25, 2022, the Twitter board of directors agreed to a $44 billion buyout by Elon Musk, the CEO of SpaceX and Tesla, potentially making it one of the biggest deals to turn a company private.[12][13] On July 8, 2022, Musk terminated the deal.[14] As a result, Twitter shares experienced a fall and the company hired a US law firm to take legal action against Musk,[15] launching a lawsuit against him in the Chancery Court of Delaware on July 12.[16] Musk announced his intention to close the agreement as agreed upon on October 4, at $54.20 a share, equivalent to a $44 billion buyout.[17] The agreement closed on October 27, making Musk the company’s owner and delisting Twitter from the New York Stock Exchange.

Elon Musk

Acquisition of Twitter by Elon Musk

The acquisition of Twitter by Elon Musk was a mergers and acquisitions transaction that began on April 14, 2022 and concluded on October 27, 2022. In April 2022, business magnate Elon Musk offered to purchase American social media company Twitter, Inc., for $43 billion, after previously acquiring 9.1 percent of the company’s stock for $2.64 billion and becoming its largest shareholder. Twitter had then invited Musk to join its board of directors, which Musk at first accepted before subsequently declining. Twitter announced a “poison pill” strategy the next day to resist a hostile takeover. On April 25, Twitter’s board of directors unanimously accepted Musk’s buyout offer of $44 billion, with the company set to be taken private. Musk stated that he planned to introduce new features to the platform, make its algorithms open source, combat spambot accounts, and promote free speech.

Musk announced his intention to terminate the agreement in July, asserting that Twitter had breached their agreement by refusing to crack down on spambot accounts. The company filed a lawsuit against Musk in the Delaware Court of Chancery shortly thereafter, with the trial set to begin on October 17. On October 4, Musk announced that he had decided to move forward with the acquisition. The deal was closed on October 27, with Musk immediately becoming Twitter’s new owner and firing several top executives, including CEO Parag Agrawal. Twitter shares stopped trading on the New York Stock Exchange the next day.

Reception to the buyout has been mixed, with praise going to Musk’s planned reforms and vision for the company, but criticism over fears of a potential rise in disinformation and harassment on the platform.

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Elon Musk

Elon Reeve Musk FRS (/ˈiːlɒn/ EE-lon; born June 28, 1971) is a business magnate and investor. He is the founder, CEO and chief engineer of SpaceX; angel investor, CEO and product architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink and OpenAI; president of Musk Foundation; and owner of Twitter, Inc.[4] With an estimated net worth of around $210 billion as of October 27, 2022,[5] Musk is the wealthiest person in the world according to both the Bloomberg Billionaires Index and Forbes‘ real-time billionaires list.[6][7]

Musk was born and grew up in Pretoria, South Africa. He attended the University of Pretoria before moving to Canada at age 17, acquiring citizenship through his Canadian-born mother. Two years later, he matriculated at Queen’s University (Ontario) and transferred to the University of Pennsylvania, where he received bachelor’s degrees in economics and physics. He moved to California in 1995 to attend Stanford University but decided to instead pursue a business career, co-founding the web software company Zip2 with his brother, Kimbal. The startup was acquired by Compaq for $307 million in 1999. The same year, Musk co-founded the online bank, which merged with Confinity in 2000 to form PayPal. eBay bought PayPal in 2002 for $1.5 billion.

In 2002, Musk founded SpaceX, an aerospace manufacturer and space transport services company, and is its CEO and chief engineer. In 2004, he was an early investor in the electric vehicle manufacturer Tesla Motors, Inc. (now Tesla, Inc.). He became its chairman and product architect, eventually assuming the position of CEO in 2008. In 2006, he helped create SolarCity, a solar energy company that was later acquired by Tesla and became Tesla Energy. In 2015, he co-founded OpenAI, a nonprofit research company promoting friendly artificial intelligence. In 2016, he co-founded Neuralink, a neurotechnology company focused on developing brain–computer interfaces, and he founded The Boring Company, a tunnel construction company. In 2022, Musk purchased Twitter for $44 billion. He has proposed a hyperloop high-speed vactrain transportation system and is the president of the Musk Foundation, which donates to scientific research and education.

Musk has promoted contentious perspectives regarding politics and various technologies, especially on Twitter. He has also been criticized for making unscientific statements, such as spreading misinformation about the COVID-19 pandemic. In 2018, the U.S. Securities and Exchange Commission (SEC) sued Musk for tweeting that he had secured funding for a private takeover of Tesla, which the SEC characterized as false and misleading. He settled with the SEC but did not admit guilt, and he temporarily stepped down from his Tesla chairmanship. In 2019, he won a defamation case brought against him by a British caver who had advised the Tham Luang cave rescue.