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Elon Musk Buys Twitter in Enormous $44 Billion Deal

BOOM!

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As the nation began to unravel the implications of the privatization of the public square, it became glaringly obvious that platforms such as Twitter were running afoul of the First Amendment, and doing so without any reproach.  They, like their contemporaries at Facebook, were telling the world that culling certain viewpoints from the culture was what’s best for the world, and in doing so ignited an enormous debate over just what sort of power should be attached to their bandwidth.

Now, after raging against Twitter’s censorship policies for months, Elon Musk is set to own the social media leviathan after raising $44 billion in capital for the purchase.

Twitter’s board has accepted an offer from billionaire Elon Musk to buy the social media company and take it private, the company announced Monday.

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in a statement included in the press release announcing the $44 billion deal. “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”

The deal was one of the largest of its kind.

Twitter, Inc. (NYSE: TWTR) today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company.
Under the terms of the agreement, Twitter stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction.

The purchase price represents a 38% premium to Twitter’s closing stock price on April 1, 2022, which was the last trading day before Mr. Musk disclosed his approximately 9% stake in Twitter.

Bret Taylor, Twitter’s Independent Board Chair, said, “The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing. The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.”

Parag Agrawal, Twitter’s CEO, said, “Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important.”

Musk has promised to “unlock” Twitter’s full potential, and promote a much hardier approach to free speech on the app once he takes over.

Opinion

NEW NATO NARRATIVE: Ukraine Can ‘Win’ War with Russia

Know one would have even considered the possibility 3 months ago.

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Well that is one heck of a turnaround, eh?

We’ve gone from watching Russia amass an enormous fighting force on the borders of Ukraine, (all while telling the world that it was all routine and to butt out), to watching those same tanks and personnel roll into the sovereign neighboring nation, all the while worried that Russia would simply steamroll Kyiv and take the whole country for itself in a matter of days.

Nearly three months later, and that story is changing…and dramatically.

Ukrainian forces say they have pushed back the Russian military in the region around Kharkiv in northeastern Ukraine, and near the border with Russia, continuing a counteroffensive that has prompted Russian troops to withdraw from around Ukraine’s second-largest city.

Then came a surprising suggestion.

NATO’s Secretary-General Jens Stoltenberg said Sunday that “Ukraine can win this war” following an informal meeting of the group. His comments came after Finland announced it would apply to join the military alliance in what marks a historic move for the traditionally neutral Nordic country.

Joining the military alliance will “maximize” Finland’s security after Russia’s unprecedented invasion of Ukraine in February, President Sauli Niinisto said.

Sweden is expected to follow suit with both applications likely to enflame tensions between NATO and Russia further. Moscow warned last week of “retaliatory steps” if Finland joined the alliance.

Ukrainian President Volodymyr Zelenskyy is drinking the proverbial Kool-Aid as well, having claimed that Eurovision will be able to hold its enormous, annual songwriting competition in Mariupol next year.

 

Well that is one heck of a turnaround, eh? We’ve gone from watching Russia amass an enormous fighting force on the borders of Ukraine, (all while telling the world that it was all routine and to butt out), to watching those same tanks and personnel roll into the sovereign neighboring nation, all the while worried that Russia would simply steamroll Kyiv and take the whole country for itself in a matter of days. Nearly three months later, and that story is changing…and dramatically. Ukrainian forces say they have pushed back the Russian military in the region around Kharkiv in northeastern Ukraine, and near the border with Russia, continuing a counteroffensive that has prompted Russian troops to withdraw from around Ukraine’s second-largest city. Then came a surprising suggestion. NATO’s Secretary-General Jens Stoltenberg said Sunday that “Ukraine can win this war” following an informal meeting of the group. His comments came after Finland announced it would apply to join the military alliance in what marks a historic move for the traditionally neutral Nordic country. Joining the military alliance will “maximize” Finland’s security after Russia’s unprecedented invasion of Ukraine in February, President Sauli Niinisto said. Sweden is expected to follow suit with both applications likely to enflame tensions between NATO and Russia further. Moscow warned last week of “retaliatory steps” if Finland joined the alliance. Ukrainian President Volodymyr Zelenskyy is drinking the proverbial Kool-Aid as well, having claimed that Eurovision will be able to hold its enormous, annual songwriting competition in Mariupol next year.  

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Opinion

Biden Approval Crashes Again, This Time to Historic Low

This is just sad at this point.

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Look around your country.  See the struggle in real time.  Watch how hard it is for the rest of this nation to get to where they need to be, every day, and ask yourself “why does it need to be like this?”.

And then realize that all of this trouble is coming to America in what was supposed to be the launching months of a new “roaring twenties”; as COVID faded and the economy roared back to life, America was poised to be a global show for the ages.

Instead, the last year and a half have been filled to the brim with turmoil and strife and not much nice.

US President Joe Biden is taking his lumps on account of it.

An NBC News poll released Sunday shows Biden’s job approval rating has plunged to a fresh low, with just 39 percent of Americans approving of the job he’s doing and 56 percent disapproving.

This was a new milestone for the reluctant leader.

Those numbers represents the lowest mark of his presidency.

Inflation, the economy and border security are the three main areas where voters see Biden failing them. The overall cost of living is standing as the public’s top issue.

Biden’s approval rating has experienced a few brief reprieves over the course of his presidency, but has continued on a steady decline almost from the start.

Look around your country.  See the struggle in real time.  Watch how hard it is for the rest of this nation to get to where they need to be, every day, and ask yourself “why does it need to be like this?”. And then realize that all of this trouble is coming to America in what was supposed to be the launching months of a new “roaring twenties”; as COVID faded and the economy roared back to life, America was poised to be a global show for the ages. Instead, the last year and a half have been filled to the brim with turmoil and strife and not much nice. US President Joe Biden is taking his lumps on account of it. An NBC News poll released Sunday shows Biden’s job approval rating has plunged to a fresh low, with just 39 percent of Americans approving of the job he’s doing and 56 percent disapproving. This was a new milestone for the reluctant leader. Those numbers represents the lowest mark of his presidency. Inflation, the economy and border security are the three main areas where voters see Biden failing them. The overall cost of living is standing as the public’s top issue. Biden’s approval rating has experienced a few brief reprieves over the course of his presidency, but has continued on a steady decline almost from the start.

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