After months of drama and controversy, we thought it would be interesting to provide you all with an insightful approach regarding the Twitter takeover.
Now, most of you must be wondering whether or not the deal is happening and the answer is yes. But wait, it’s not that simple because we do feel the deal is in its final stages of being sealed, there is more to the picture than meets the eye.
The billionaire and Tesla CEO is now going public with his three final requirements that need to be met before he becomes the organization’s commander in chief.
Elon Musk was recently seen addressing the much debatable topic in public while speaking at the Economic Forum that was held in Qatar this week, via Bloomberg. And that’s when he shed light on what the final elements actually were because Twitter has already provided access to its spam and fake profile accounts.
For starters, Elon says Fake Profiles continue to be a bothersome approach because here is where people aren’t understanding that he can’t move ahead without evidence of how these figures arose.
Yes, Twitter has given him an entire firehose of Tweets that support the claims of the firm that the figures are 5% but whether or not that is good enough for the very demanding billionaire, we’re not quite sure.
Next in line comes the subject of debt financing. Now, Elon Musk is the richest man in the world but money does not grow on trees and he’s very keen on investing. Hence, Musk is on the lookout for places that he feels would finally secure his $44 billion funding for the mega Twitter transition. The amount is undoubtedly huge and it needs to be paid in cash.
What loans he plans on taking and how he will actually make the final payment is yet to be revealed but we feel that the billionaire has his work cut out for him.
Lastly, there is a whole deal about getting approval from shareholders and if that does not happen, then you know what that means - the deal will not be pulled through. But with so many investors reportedly suing Elon Musk at this moment, we’re not quite sure about whether or not he will actually go through with the transition of having his steps blocked out at this point.
Elon Musk has time and time again said these are the very basic necessities for him in order for the transition to occur. And he claims that he’s not asking for too much.
Meanwhile, Twitter on the other hand is very keen on pushing forward and has even submitted a filing that it will only be moving ahead with the price mentioned on day one with zero compromises.
We just recently heard from the company’s Board Chair who stated the same, adding how they are very keen on putting pressure on Musk to finalize the deal as soon as possible. Hence, if Musk feels he can walk away with a lower price or if he thinks he can cancel the deal on a small technicality, he is clearly mistaken.
According to experts and speculation from the market, Elon Musk seems to be searching for ways through which he can bring the price down lower. His tactics of pointing out fake profiles didn’t quite seem to work out.
The SEC has stated that they’re accepting Twitter’s figures for fake profiles in a recent official update so that means Musk will be paying up, even if he does actually find more bots and spam accounts than that delineated.
Elon Musk is having his own fair share of problems. From his staff being cut out from Tesla to his own child refusing to have anything to do with him, it’s not easy being the world’s richest man.
Read next: The Pew Research Center Reveals That Americans Fifty and Above Like Discussing Politics On Twitter
Now, most of you must be wondering whether or not the deal is happening and the answer is yes. But wait, it’s not that simple because we do feel the deal is in its final stages of being sealed, there is more to the picture than meets the eye.
The billionaire and Tesla CEO is now going public with his three final requirements that need to be met before he becomes the organization’s commander in chief.
Elon Musk was recently seen addressing the much debatable topic in public while speaking at the Economic Forum that was held in Qatar this week, via Bloomberg. And that’s when he shed light on what the final elements actually were because Twitter has already provided access to its spam and fake profile accounts.
For starters, Elon says Fake Profiles continue to be a bothersome approach because here is where people aren’t understanding that he can’t move ahead without evidence of how these figures arose.
Yes, Twitter has given him an entire firehose of Tweets that support the claims of the firm that the figures are 5% but whether or not that is good enough for the very demanding billionaire, we’re not quite sure.
Next in line comes the subject of debt financing. Now, Elon Musk is the richest man in the world but money does not grow on trees and he’s very keen on investing. Hence, Musk is on the lookout for places that he feels would finally secure his $44 billion funding for the mega Twitter transition. The amount is undoubtedly huge and it needs to be paid in cash.
What loans he plans on taking and how he will actually make the final payment is yet to be revealed but we feel that the billionaire has his work cut out for him.
Lastly, there is a whole deal about getting approval from shareholders and if that does not happen, then you know what that means - the deal will not be pulled through. But with so many investors reportedly suing Elon Musk at this moment, we’re not quite sure about whether or not he will actually go through with the transition of having his steps blocked out at this point.
Elon Musk has time and time again said these are the very basic necessities for him in order for the transition to occur. And he claims that he’s not asking for too much.
Meanwhile, Twitter on the other hand is very keen on pushing forward and has even submitted a filing that it will only be moving ahead with the price mentioned on day one with zero compromises.
We just recently heard from the company’s Board Chair who stated the same, adding how they are very keen on putting pressure on Musk to finalize the deal as soon as possible. Hence, if Musk feels he can walk away with a lower price or if he thinks he can cancel the deal on a small technicality, he is clearly mistaken.
According to experts and speculation from the market, Elon Musk seems to be searching for ways through which he can bring the price down lower. His tactics of pointing out fake profiles didn’t quite seem to work out.
The SEC has stated that they’re accepting Twitter’s figures for fake profiles in a recent official update so that means Musk will be paying up, even if he does actually find more bots and spam accounts than that delineated.
Elon Musk is having his own fair share of problems. From his staff being cut out from Tesla to his own child refusing to have anything to do with him, it’s not easy being the world’s richest man.
Read next: The Pew Research Center Reveals That Americans Fifty and Above Like Discussing Politics On Twitter
