While the acquisition of Twitter is now subject to shareholder and regulatory approvals, there are many prominent figures that have criticized the move, one of whom is Jeff Bezos.
Among other things, Bluesky has explained that Elon Musk taking over Twitter does not affect its operation or independence.
There are also speculations that the shaky start of Truth social may encourage President Trump to stick with Twitter for some time more.
Musk’s Twitter offer has attracted private equity companies. Thomas Bravo informed Twitter that it is exploring the possibility of coming up with a bid.
Ripple CTO David Schwartz launched an attack, stating what he believes Elon Musk truly wants buy offering to buy Twitter.
According to those familiar with the matter, several private-equity firms have expressed interest in participating in a deal for Twitter, offering ways to challenge Musk’s offer.
According to the filing that Musk submitted to the SEC on his Twitter offering, the entrepreneur has an alternative plan if he eventually does not buy Twitter.
Tesla and SpaceX Boss Elon Musk offers to buy Twitter a little over a week after revealing a sizable investment in the social media giant.
The research showed that TikTok is about to take 2.4% of the almost $250 billion that US companies use on digital advertising.
Agrawal noted that despite Musk’s decision not to join the company’s board as an active shareholder, his input will still be invaluable in moving the firm forward.
Musk has shown how much value he places on meme coins with his advocacy for Dogecoin to be added as a payment option to the social media giants’ exclusive services.
The Twitter stock surged by 30% after news emerged that Elon Musk had acquired a stake in the company, and another 10% surge came after his appointment to the board was announced.
Last year, the tweet was sold for $2.9 million (or 1630.5 ETH at that time) to Sina Estavi, Malaysia-based CEO of the blockchain company Bridge Oracle, through an auction on a platform called Valuables.
As Elon Musk is joining Twitter, CEO Parag Agrawal said that the American billionaire would “bring great value to the board.”
Events surrounding Elon Musk’s tweets in recent times have suggested that he might have some interest in the social media platform.