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In a flurry of tweets, Musk claimed that he has set eyes on Coca Cola to "put cocaine back in" and "McDonald's to fix ice-cream machines" In the last 48-hour of his buyout of the micro-blogging site Twitter, billionaire Elon Musk is again on a fun trail. In a flurry of tweets, Musk claimed that he has set eyes on Coca Cola to "put cocaine back in " and " McDonald's to fix ice-cream machines ". After the multi-billion buyout of the microblogging website this week, only Musk knows whether he's kidding or not. " Next I'm buying Coca-Cola to put the cocaine back in ," Elon Musk tweeted on Friday. Tagging to an old tweet, he said, " Listen, I can't do miracles ". But, he promised to make "Twitter maximum fun". Musk is known for throwing ideas, sometimes light-hearted, on his Twitter timeline. His tweets often spark debates on various issues, including free speech that polarises the twitterities. Twitte...

Musk, who on April 25, 2022, sealed a deal to buy Twitter for $44 billion, criticised board members for owning almost no shares of the company they oversee. It appears Twitter’s board of directors finally warmed to Elon Musk’ hostile bid and agreed to a sale – but not before it took a severe beating from the Tesla and SpaceX billionaire, Twitter founder Jack Dorsey and other prominent users on their own social network. Musk, who on April 25, 2022, sealed a deal to buy Twitter for $44 billion, criticized board members for owning almost no shares of the company they oversee. Dorsey, who will step down from his seat on Twitter’s board at the end of his term in May 2022, called it the “dysfunction of the company.” Conservative politicians derided the board as “scared” of free speech. As experts on corporate governance, we believe this feud raises two important corporate governance questions: What purpose does a board of directors serve? And does it matter if a member owns company stock or ...

Twitter's acceptance of Elon Musk's roughly $44 billion takeover bid brings the billionaire Tesla CEO one step closer to owning the social media platform. Twitter's acceptance of Elon Musk 's roughly $44 billion takeover bid brings the billionaire Tesla CEO one step closer to owning the social media platform. The deal is expected to close sometime this year. But before that, shareholders still have to weigh in, as well as regulators in the US and in countries where Twitter does business, before the deal is completed. The interaction is looking great so far for Musk, considering that Twitter's board has collectively endorsed his deal and is suggesting investors do likewise. After reporting the arrangement Monday, Twitter noticed that the bid, which addresses a 38 percent premium to the organization's end stock cost on April 1, is a significant money premium and would be the best way ahead for Twitter's investors. Whenever Twitter's board embraced an enemy...

After Tesla CEO Elon Musk acquired Twitter for $44 billion, its Indian-origin CEO Parag Agrawal said on Tuesday that the micro-blogging platform has a purpose and relevance that impacts the world. After Tesla CEO Elon Musk acquired Twitter for $44 billion, its Indian-origin CEO Parag Agrawal said on Tuesday that the micro-blogging platform has a purpose and relevance that impacts the entire world. "Deeply proud of our teams and inspired by the work that has never been more important. I know this is a significant change and you're likely processing what this means for you and Twitter's future," Agrawal tweeted. He was set to address Twitter employees in a town hall on what this takeover means to them and allay their fears. The Twitter buyout casts doubts on the future of Agrawal, and it is still unclear whether he would like to remain at the helm, with Musk now being at the very top of the platform. Musk has already said he doesn't have faith in the management of T...

Musk still remains the largest individual shareholder  Elon Musk, who revealed a 9.2% stake in Twitter earlier in April, has been dislodged as the largest shareholder of the micro-blogging platform after US-based money manager The Vanguard Group disclosed it now owns 10.3% of the firm. A filing submitted to the U.S. Securities and Exchange Commission shows Vanguard raised its ownership in the firm over the course of the first quarter. Vanguard’s holdings in Twitter are now worth $3.78 billion, based on the stock’s closing price on Wednesday, a report in The Wall Street Journal said. The development comes right on the heels of a takeover offer from Musk for Twitter. On Thursday, Musk—the world's richest person—made a $43 billion hostile bid to buy out the social media platform. Musk claims taking the firm private will allow him to protect free speech and bring transparency to the decisions made at the platform which has become the "global town square". In order to thwart M...