It's no news of Elon's penchant for acquisition and it didn't shock the public when he came out in April to propose a bid to buy Twitter for a whooping $44bn; It seemed doable after all he was rich and a bit impulsive. But news had it that the billionaire at the last minute decided to renege on his offer, citing claims that Twitter had falsified records on the number of accounts on the platform.
But surprisingly, Monday Eve, there seemed to be a change of plans as Elon decided to revisit the deal after months long battle in court and probably, the final decision may not be in his favor hence the move.
Compared to Facebook and TikTok, Twitter seems to be less favorable but has for long being the opinion ground for the likes of Elon and ex president Donald Trump. Although the latter was banned from the platform.
Prior to the purchase of Twitter, in April, $8.5bn shares in Tesla was sold, while in May, $7bn was lined from investors while in Aug, another $7bn shares of Tesla was sold all in preparation
Twitter link A good turn of events for Twitter as they are close to closing the deal. Elon has good plans for the social network as he believed that before going back on the deal initially, he could have 500 million users daily and rake in $13.2bn as revenue come 2025. Tall order or can it be achieved?
https://www.nytimes.com/2022/10/04/technology/elon-musk-twitter-deal.html