![]() ![]() It is given the name 'Open Source Algorithm' and would work to restore faith in the town-square mentality that inspired the site in the first place. Musk has previously said he wants an open-source algorithm, which would expose how the website decides what appears on users' feeds. The billionaire did not elaborate on his plans for this 'everything app' or explain what such a product would offer. Infowars founder Alex Jones, who made unfounded claims against the victims of the Sandy Hook massacre, could also see a return to Twitter. Marjorie Taylor Green, whose personal account was suspended this year for sharing COVID-19 vaccine disinformation. The reversals would not only facilitate the return of Trump, who is on his Truth Social platform, but also that of US Rep. Musk has stated that he wanted to reverse all of Twitter's permanent bans, 'except for spam accounts and those that explicitly advocate violence.' One of the biggest changes the platform could see is the return of those who were previously banned under the company's guidelines, included former President Donald Trump. In his texts, Musk chastised Agrawal for failing to let him join the company board and he repeatedly criticized the Twitter CEO's leadership to the social media giant's founder, Jack Dorsey, who advocated for Musk to lead Twitter. It is highly expected that Musk will oust Twitter CEO Parag Agrawal as a trove of texts from the world's richest man submitted in court last week revealed a rift between the two men. Musk canceled a deposition in late September citing concerns about a Twitter attorney's possible exposure to someone who later tested positive for COVID-19, according to a court filing made public on Wednesday. 'Being forced to do the deal after a long and ugly court battle in Delaware was not an ideal scenario and instead accepting this path and moving forward with the deal will save a massive legal headache,' he wrote.Īccording to the agreed upon deal, Musk has until April 2023 to cough up the $44 billion to purchase the company, or risk paying the $1 billion break-up fee. 'Musk saw the writing on the wall and knew his chances of a victory in Delaware were slim to none with the best path accepting the current deal and move forward,' wrote Wedbush analyst Dan Ives in a note obtained by. BARON MOBILE THREAT NET RADAR TRIALSources familiar with Icahn's gamble said the billionaire, who's previously won millions by investing in Apple and Netflix, believed that Musk 'wouldn't go through a trial that he looked likely to lose.'Īnalysts have long speculated that Musk would not be successful in a Delaware court, and that his latest turnaround on the deal was fueled by fears that he would go through a highly public, potentially embarrassing, trial and be ordered to purchase the company anyway. As of Wednesday afternoon, Twitter stocks were still high at $50.81. The bid paid off as Twitter shares jumped 22 percent to $52 on Tuesday, following Musk's announcement that he would be purchasing Twitter. In July, Musk said he was walking away from the April takeover of $54.20 per share agreement because he discovered Twitter had allegedly misled him about the amount of fake accounts, among other claims.Īs concerns rose over the future of the social media company, stocks plummeted to as low as $32.65, and it was around this price range that Icahn scooped up $500 million worth of shares in a gamble that Twitter and Musk would reach a deal and stocks would rebound. Tech experts are expecting Musk to oust Twitter CEO Parag Agrawal, bring back Donald Trump to the platform and introduce several new featuresīy Reuters and Ronny Reyes For Dailymail.Com.Sources said Icahn believed Musk knew he would lose the case against Twitter, with analysts saying Musk wanted to avoid an embarrassing and public trial.Billionaire Carl Icahn is among those who bet that Musk would still go through with the deal despite threatening to pull out.Musk is still scheduled to be deposed on Thursday, with sources saying it would be the 'pressure point' to finalize the deal.Elon Musk and Twitter have yet to officially end litigation over his $44 billion takeover after the Tesla CEO said he would go through with the deal.Twitter has NOT accepted Musk's $44BN offer and Tesla chief faces being deposed Thursday ahead of court case - as Billionaire Carl Icahn makes $250m as shares in the social media firm rocket ![]()
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