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Elon Musk takes control of Twitter

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Elon Musk takes control of Twitter, fires top executives

It’s official, Elon Musk has taken control of Twitter, as the $44bn deal is finalised.

Twitter’s CEO and CFO were immediately fired and “escorted out” of the building when Musk took the reigns.

In a sensational post to Twitter, Billionaire Elon Musk claimed he was acquiring the social network for the good of humanity.

Musk also used the post to reassure advertisers that Twitter will remain a safe place for their brands.

“Fundamentally, Twitter aspires to be the most respected advertising platform in the world that strengthens your brand and grows your enterprise,” he said. “Advertising, when done right, can delight, entertain and inform you.”

He said the reason he acquired Twitter is “because it is important to the future of civilisation to have a common digital town square. Where a wide range of beliefs can be debated in a healthy manner, without resorting to violence. “There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society.”

Adding, “That is why I bought Twitter. I didn’t do it because it would be easy. I did it to try to help humanity, whom I love.”

Musk said Twitter should be a platform that is “warm and welcoming to all, where you can choose your desired experience according to your preferences.”

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Research key to investment success

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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Why “stagflation” will be the greatest financial threat of 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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