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    Samsung’s first 2023 Galaxy A series phone comes with 5G, and it’s cheap

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    Tecno announces Eliud Kipchoge as brand ambassador for PHANTOM X2 Series

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    TECNO Mobile opens pre-orders for Phantom X2 smartphone series in Kenya

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    Tecno Camon 19 Pro Mondrian Edition launches in Kenya for KES 35,000

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    Reed Hastings steps down as Netflix CEO

    Reed Hastings steps down as Netflix CEO

    Apple unveils new Mac Mini with M2 and M2 Pro for enhanced performance

    Apple unveils new Mac Mini with M2 and M2 Pro for enhanced performance

    High Court orders suspension of bank to MPesa charges

    High Court orders suspension of bank to MPesa charges

    Government announces plan to manufacture smartphones for under KES 5,000 by year-end

    Government announces plan to manufacture smartphones for under KES 5,000 by year-end

    Safaricom’s Fuliza subscribers can now withdraw their limit at MPesa agent shops

    Safaricom’s Fuliza subscribers can now withdraw their limit at MPesa agent shops

    Microsoft exploring integration of OpenAI’s GPT technology into Office apps

    Microsoft exploring integration of OpenAI’s GPT technology into Office apps

    YouTube to allow creators to monetize Shorts content starting February 1

    YouTube to allow creators to monetize Shorts content starting February 1

    Safaricom launches 5G Wi-Fi service, starts at KES 3,499

    Safaricom launches 5G Wi-Fi service, starts at KES 3,499

    PayPal threatens users with a $2,500 fee for disinformation, instantly retracts after uproar

    PayPal threatens users with a $2,500 fee for disinformation, instantly retracts after uproar

  • Laptops
    Apple unveils 14-inch and 16-inch MacBook Pro with M2 Pro and M2 Max chips

    Apple unveils 14-inch and 16-inch MacBook Pro with M2 Pro and M2 Max chips

    Complete list of Macs that will run macOS Ventura

    Complete list of Macs that will run macOS Ventura

    Apple unleashes new MacBook Pros with powerful chips, more ports and a notch

    Apple unleashes new MacBook Pros with powerful chips, more ports and a notch

    Laptop buying mistakes you should avoid

    Laptop buying mistakes you should avoid

    Lenovo X1 Carbon 5th Generation Review: just good enough

    Lenovo X1 Carbon 5th Generation Review: just good enough

  • Smartphones
    TECNO launches PHANTOM X2 Series with retractable portrait lens in Kenya

    TECNO launches PHANTOM X2 Series with retractable portrait lens in Kenya

    Samsung’s first 2023 Galaxy A series phone comes with 5G, and it’s cheap

    Samsung’s first 2023 Galaxy A series phone comes with 5G, and it’s cheap

    Tecno announces Eliud Kipchoge as brand ambassador for PHANTOM X2 Series

    Tecno announces Eliud Kipchoge as brand ambassador for PHANTOM X2 Series

    TECNO Mobile opens pre-orders for Phantom X2 smartphone series in Kenya

    TECNO Mobile opens pre-orders for Phantom X2 smartphone series in Kenya

    Xiaomi Redmi A1+: Best budget smartphone in 2022?

    Xiaomi Redmi A1+: Best budget smartphone in 2022?

    Tecno Camon 19 Pro Mondrian Edition launches in Kenya for KES 35,000

    Tecno Camon 19 Pro Mondrian Edition launches in Kenya for KES 35,000

    All you need to know about the new iPhone 14 lineup

    All you need to know about the new iPhone 14 lineup

    Xiaomi 12S Series flagship features a huge 1-inch sensor

    Xiaomi 12S Series flagship features a huge 1-inch sensor

    Infinix is bringing 180W wired fast charging speeds to its next flagship phones in 2022

    Infinix is bringing 180W wired fast charging speeds to its next flagship phones in 2022

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    How to use ChatGPT and get the most out of it

    How to make and upload YouTube Shorts with ease

    How to make and upload YouTube Shorts with ease

    How to watch YouTube without ads on Android TV

    How to watch YouTube without ads on Android TV

    Samsung’s Freestyle Projector now available to purchase in Kenya

    Samsung’s Freestyle Projector now available to purchase in Kenya

    How to change your Zoom background

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    Samsung Galaxy Z Flip 3 does over 418,000 folds in test

    Samsung Galaxy Z Flip 3 does over 418,000 folds in test

    Jumia marks its 10th anniversary, selling motorcycles for Sh10

    Jumia marks its 10th anniversary, selling motorcycles for Sh10

    Best portable Bluetooth Speakers you can get right now in Kenya

    Best portable Bluetooth Speakers you can get right now in Kenya

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    My six social media predictions for 2023

    My six social media predictions for 2023

    Blue, Gold and Grey: Twitter starts rolling out distinct verification marks

    Blue, Gold and Grey: Twitter starts rolling out distinct verification marks

    Twitter is planning to start charging $20 a month for verification

    Twitter is planning to start charging $20 a month for verification

    YouTube to introduce handles for users to identify themselves

    YouTube to introduce handles for users to identify themselves

    Twitter starts rolling out editable tweets

    Twitter starts rolling out editable tweets

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    YouTube will now allow creators to monetize their videos with licensed music

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Home Social Media

Elon Musk finally buys Twitter at $44 billion

Brian Murimi by Brian Murimi
April 25, 2022
in Social Media
Reading Time: 3 mins read
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Elon Musk finally buys Twitter at $44 billion
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Twitter and Elon Musk have reached a deal on buyout after weeks of uncertainties.

Some hours before the announcement was made, Elon tweeted saying that he hoped even his worst critics remained on Twitter.

I hope that even my worst critics remain on Twitter, because that is what free speech means

— Elon Musk (@elonmusk) April 25, 2022

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” said Musk in a statement included with the release. “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans.”

Twitter CEO Parag Agrawal also applauded the deal in the release. “Twitter has a purpose and relevance that impacts the entire world,” Agrawal said in an accompanying statement. “Deeply proud of our teams and inspired by the work that has never been more important.”

KEEPREADING

Blue, Gold and Grey: Twitter starts rolling out distinct verification marks

Twitter is planning to start charging $20 a month for verification

Elon Musk made an offer to buy Twitter for $54.20 per share on Thursday, April 14th. His journey, however was not easy since then.

The day after Musk revealed his bid to purchase Twitter, the company’s board of directors responded with a poison pill, effectively saying, “Thanks, but no thanks.”

The poison pill was a new “shareholder’s rights plan” that gave certain shareholders the option to buy more stock if Musk or another buyer tried to take control. This indicated that Twitter’s board of directors intended to oppose Musk’s attempt for exclusive ownership of the firm.

Elon Musk was did not feel threatened though. His purchase of Twitter, according to him, was not to make money. – he’s the richest man in the world anyway. Elon sees Twitter as the “de facto town square” and wants the social media company’s algorithm to be open source. Elon attempted to portray the entire takeover endeavor as a struggle to safeguard free speech.

He declined even when the company reacted by offering him a board position, which would have limited him to owning only 15% of the company. Musk revised his Securities and Exchange Commission filing to state that he will not be a spectator in the company’s operations.

Elon Musk demonstrated his seriousness by announcing that he had secured $46.5 billion in financing for his intended bid for Twitter and was considering launching a hostile takeover.

The world’s richest man said he planned to fund the bid with a mix of debt and cash in filings filed with the Securities and Exchange Commission on Wednesday. Morgan Stanley and a group of other lenders are providing Mr. Musk $13 billion in debt financing and another $12.5 billion in loans against his equity in Tesla, the electric carmaker he founded. He is projected to invest around $21 billion in equity.

What does Elon promise to do after acquiring Twitter?

From his tweets, he hopes to;

  1. Promote free and open speech
  2. Defeat all spam bots or die trying
  3. Authenticate all humans and priority to Twitter Blue users
  4. Have an edit button
  5. No ads?

This is just what he has openly shared, we will see how all this turns out.

Tags: Elon MuskTeslaTwitter
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Brian Murimi

Brian Murimi

Brian is the founding geek at the Netick. A tech enthusiast skilled in journalism, media relations, multi-platform broadcasting, and social media. Write to him via bryanmurimi@gmail.com

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