Shares of technology companies, such as Nasdaq, have also tripled since 2013. Shares of Twitter have been circulating. This is due to the fact that Twitter's earnings and profits are relatively low compared to competing giants Facebook and Google. Elon Musk, listed in 2010, three years before Twitter, saw Tesla's share price increase 300 times. In the wake of this, Twitter bounced back with a takeover offer ($ 54.20 per share) from Musk, who has been successfully running his company. It soared to $ 50 in almost two to three weeks. Investors are happy with the deal, which could bring them quick returns.
Staff in uncertainty...
There is uncertainty among Twitter staff, including Twitter CEO Parag Agrawal, about what their situation would be if the company fell into the hands of Musk, who works in extraordinary ways. Concerns have been raised that turning Twitter into a private company could lead to huge job cuts. "I do not even know where the company is headed. For now, we will continue to work as usual until the deal is finalized, ”Agrawal told reporters after the takeover. He said the stock options given to employees at the end of the contract could be converted into cash and the current package given to the staff could continue for a year. Agrawal, who joined Twitter ten years ago, was appointed CEO in November last year. Huge compensation should be given if he is missed.
Read: Twitter Effect: Huge shock to Tesla.
Like Twitter in the hands of Musk...
In short, Twitter was set up for the purpose of freedom of expression. They want to buy it on their own and put it in private to put it in the groove. However, Twitter has in the past done many experiments on freedom of expression, enforcing restrictions in order to generate revenue through advertising to survive setbacks and survive. It has also suspended the Twitter accounts of celebrities such as former US President Donald Trump, who have been making controversial tweets. However, Musk, who has been trumpeting the importance of freedom of expression, does not give any priority to it.
Industry groups are of the opinion that Twitter is currently relying on advertising revenue to enforce stricter regulations. To avoid this problem, Musk's idea seems to be to generate revenue through user subscriptions rather than advertising. He believes that then there will be less pressure on advertisers to control the content. Information that Musk hopes users will be able to express their views freely, paying a specific fee. However, there are also concerns that Musk's promoting other businesses by blocking Twitter could arbitrarily influence public opinion on key areas such as aviation and automobiles.
Let's buy... How much?
With the takeover of Twitter .. there was a rush on social media. Some jokingly posted that Musk had bought Twitter for Rs 3 lakh crore as Bilder Light and took it home. And the future of CEO Parag Agrawal is in jeopardy. Memes say that if you were comfortable joining a company like TCS, you would not have lost your job and your salary. Screenshots of Dave Smith's conversation with a user in 2017 have surfaced that Musk came up with the idea to buy Twitter five years ago. At the time, Musk tweeted that he liked Twitter so much that Smith suggested he could buy it. The screenshot of Musk questioning how much (let's buy) in return has gone viral.
Musk .. Mast ... Mast
The world's richest man, Musk, is currently worth about $ 270 billion. He is the Chief of Neuralink, SpaceX, The Boring Company, and Tesla (Electric Car Company). Some of these he set up himself, while some took the reins after joining as co-founder or investor. Currently, Tesla's market value is over $ 1 trillion. This is more than the combined value of the automobile giants Ford and General Motors.
Tesla sold nearly 10 million cars last year. Recorded a profit of approximately $ 14 billion on revenue of approximately $ 54 billion.
Read: Elon Musk Buys Twitter: Elon Musk has taken over Twitter!
Twitter quote
It was founded in 2006 by Jack Dorsey et al. There are currently over 20 crore active users. The highest number is 7.7 crore in the US and about 2.3 crores in India. The market capitalization of Twitter is currently around $ 38.29 billion. The company reported $ 5 billion in revenue last year.
Read: Twitter Deal... Did China compliment the mention? Did the lashes stick?
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