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Ariana Baio
Apr 25, 2022
House GOP Asks Twitter Board to Preserve Records of Elon Musk's Purchase ...
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Elon Musk and Twitter are in the talks to finalize a deal soon, theWall Street Journal reported on Monday, but people do not seem to be excited about a potential Musk takeover.
Monday morning, "RIP Twitter" began trending on the social media platform from people who do not want Musk to take over for fear he will make sweeping changes, as he's promised.
Notably, Musk, 50, has hinted at adding an 'edit button' and getting rid of 'spam bots'.
But the most polarizing change would come if Musk keeps his promise to take Twitter private, meaning the platform would be given more freedom to do what it pleases.
The 50-year-old has spoken about his desire to allow all voices to be heard on the platform, even those many do not agree with, like Donald Trump.
While some people are excited that Musk would bring news changes to Twitter that would reflect total free speech, others feel the platform will suffer.
I always knew Twitter would kill their own app out of greed\n\nI just didn't know how\n\nRIP Twitter— Andrew J. Padilla \ud83c\uddf5\ud83c\uddf7 (@Andrew J. Padilla \ud83c\uddf5\ud83c\uddf7) 1650889146
If you\u2019re thinking about sticking around you\u2019ll soon regret it. Twitter will quickly evolve into pro Trump 2024 crayville loaded with the same hate and vitriol you\u2019d find on gab, Parler, etc \nYeah, no thanks. \n\nRIP Twitter— cryborg (@cryborg) 1650889575
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Those who agree with Musk began attacking people who disagree with the billionaire's efforts to buy Twitter.
I see people tweeting RIP Twitter . Are the same people who said that are leaving the country if Trump become President but they never did.— Itachi-Macho (@Itachi-Macho) 1650888904
People twitting RIP Twitter because Elon Musk promises every voice should be heard, not just Left-wing activists, is the funniest sh*t I've seen in a LOOONG Time. Long time.— Penne Loisi (@Penne Loisi) 1650889309
According to sources, Twitter's 11 board members met with Musk on Sunday and Monday to discuss his bid after Musk began lining up $46.5 billion in financing. Sources familiar with the matter asked to remain anonymous according to The New York Times.
Musk made his first, and final, offer on April 13, when he offered to purchase the social media company for $54.20 per share, slightly higher than its current share of $49.
Twitter rebuffed Musk's offer by issuing a poison pill, preventing the billionaire from acquiring more stock. However, it seems after learning of Musk's financial plan, the social media company is rethinking his bid.
In an SEC filing from Thursday, Musk outlined that he would receive $13 billion in debt financing from Morgan Stanley and other financial groups, use $12.5 billion in loans against his stock in Tesla, and $21 billion in cash to buy the rest of Twitter's equity.
While an agreement has not been formally reached, it's clear that should Musk acquire Twitter, it will be a polarizing topic for some time.
RIP Twitter is trending because some people believe bringing back free speech is tantamount to the death of twitter. \n\nWhy are people so weird?— Chris Salem (@Chris Salem) 1650891254
I actually kind of hope Twitter goes the way of MySpace. This place is a cesspool of anger and hate. RIP Twitter.— janevilla023 (@janevilla023) 1650889038
"As previously announced, the Board is continuing to conduct a careful, comprehensive and deliberate review to determine the course of action in the best interest of the Company and all Twitter stockholders," a statement from Twitter read Sunday night according to CNN.
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