On the eve of the deadline, Elon Musk says he bought Twitter; company has yet to come forward | Technology

Elon Musk — Photo: REUTERS/Mike Blake

On the eve of the deal, Elon Musk claimed to have bought Twitter in a post on his personal account. The statement was made in a letter published this Thursday morning (27), addressed to advertisers, in which the businessman expressed his motivation for acquiring Twitter.

A the company has not yet confirmed the purchase. The billionaire has until tomorrow (28) to close the deal, which has been going back and forth since April this year (see the history at the end of the report).

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“The reason I acquired Twitter is because having a common digital square is important to the future of civilization,” Musk said in the post.

“Currently, there is a great danger that social media will fragment into far-right and far-left chambers that generate more hate and divide our society,” he adds.

In response to g1, Twitter said the only information the company needs to share at this point is a message from communications manager Sarah Personette, in which she says she had “a great chat with Musk last night.” [dia 26]”.

“Our ongoing commitment to brand safety for advertisers remains unchanged. Looking to the future!”

Earlier in the afternoon, Musk retweeted a photo of himself in the cafeteria at Twitter’s San Francisco headquarters. On Wednesday (26), he even posted a video entering the company with a sink.

Musk in the Twitter headquarters cafeteria – 10/27/2022 — Photo: Reproduction/@Walter Isaacson

Elon Musk walks into Twitter headquarters with a sink in his hands

Twitter shares will be suspended

The New York Stock Exchange has announced that Twitter shares will be suspended from trading this Friday (28), due to the final deadline to close the deal.

Reuters reported last Tuesday that investors including Sequoia Capital, Binance, Qatar Investment Authority and others had received the necessary documentation for the funding commitment from Musk’s lawyers.

Trading history

The billionaire announced the takeover of the social network in April this year and, in less than three months, he even backed down, saying he had not been properly informed of the number of fake accounts and spam on the platform.

  • CHRONOLOGY: remember the details of the negotiation between Musk and Twitter

The social network, in turn, even claimed that it was following through with what was planned and that Musk was the one who broke the deal.

After newspapers revealed that the businessman had decided to resume negotiations, Musk said on the social network that “the purchase of Twitter is an accelerator to create X, the application of everything”, in reference what would be a new platform created by him. “Twitter probably speeds up X by 3-5, but I could be wrong,” he wrote.

Judge Kathaleen McCormick, who is reviewing the lawsuit, ruled that Musk had until Friday (28) at 5:00 p.m. local time (6:00 p.m. GMT) to find funding and resume activity. If the negotiation does not succeed within this period, a trial could be scheduled for November.

Elmer Hayward

"Pop culture fan. Coffee expert. Bacon nerd. Infuriatingly humble communicator. Friendly gamer."

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