July 6, 2022

thepiefactory.co.uk

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It's official: Elon Musk buys Twitter

There goes the neighborhood.

Elon Musk formally secured an settlement to buy Twitter Monday (April 25). Information {that a} deal was within the ultimate phases of debate broke late Sunday, following weeks of public back-and-forth between the social media firm and the world’s richest particular person.

“Twitter, Inc. (NYSE: TWTR) at present introduced that it has entered right into a definitive settlement to be acquired by an entity wholly owned by Elon Musk, for US$54.20 per share in money in a transaction valued at roughly US$44 billion,” learn a press launch asserting the information. “Upon completion of the transaction, Twitter will turn into a privately held firm.”

Twitter customers eyed information of the looming sale with every little thing from pleasure to trepidation. Alex Stamos, Fb’s former Chief Safety Officer, took a second to name for a characteristic which might permit folks to mass delete their direct messages.

“Hey, Twitter Product Administration: This might be an incredible week so as to add a ‘Delete all DMs’ button,” he wrote as rumors of a doable sale swirled.

Twitter direct messages are, notoriously, not end-to-end encrypted: that means, in fact, that Twitter staff (or presumably a vindictive proprietor…) have the technical functionality to learn them.

Musk, for his part, has a demonstrated history of questionable posts on the platform he now controls.

Nothing can presumably go fallacious.

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