Why did Elon Musk change his mind about buying Twitter?

Published

2 years ago

July 12, 2022

Omer Kablan

After much hype about buying Twitter, Elon Musk now wants to scrap the deal but experts warn it’s not that simple to walk away

Why did Elon Musk cancel the Twitter deal?

Musk is one of the richest people in the world.

And after much hype about taking over social media giant Twitter,

he now says he changed his mind.

He says the company has not complied with its obligations to share data and information.

And has accused Twitter of making “false and misleading representations” through a prevalence of fake accounts.

Experts say that Musk doesn’t have the necessary legal ground to break off the US $44 billion dollar deal. And will most likely be fined a large sum.

Following the news, twitter said it plans to sue.

Elon Musk who is the CEO of Tesla and Space X initiated the deal to buy Twitter back in April

But it’s not only fake accounts that’s bothering Elon Musk who bought Twitter for around 54 dollars a share, and now shares are currently trading at 37 dollars.

Tech stocks have fallen in general

Twitter is clearly one of the most influential social media applications in the world.

And many call for it to be a platform for “free speech”

So it’s next owner, whether Elon Musk or not needs to be someone who signifies those values.

Portal between countries shut down after international flashing

Published

2 days ago

May 17, 2024

Nathan Langridge

An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

Leaders

Is cloud technology the solution for every organisation’s needs?

Published

3 days ago

May 16, 2024

Nathan Langridge

Amidst the dominance of cloud technologies in the tech landscape, questions are rising over applicability and its cost implications.

As businesses increasingly migrate to cloud technologies, skepticism is brewing over whether it’s the optimal solution for every organisational need.

Additionally, the notion of “free” cloud services is being challenged, highlighting the importance of understanding the true costs and benefits associated with cloud adoption.

Harsha Patil, Engineering manager, California USA shares his key insights on the cloud conundrum. #featured

News

Does American media have TikTok bias?

Published

3 days ago

May 16, 2024

ticker NEWS

While the fate of TikTok remains uncertain in the U.S.—there is no shortage of possibilities.

Several investors are hoping to benefit from a new federal law that requires TikTok’s China-based parent company to sell the popular platform or face a ban.

This comes after ByteDance and TikTok filed a lawsuit against the U.S. government to block the law from going into effect.

Meanwhile, eight TikTok creators filed their own challenge, arguing the law violates their First Amendment rights to free speech.

But as the saga continues many media outlets are defending the platform.

David Zhang from China Insider joins Veronica Dudo to discuss. #IN AMERICA TODAY #trending #TikTok #TikTokban #socialmedia #China