So Elon Musk made an offer to purchase Twitter for $44bln and Twitter board accepted.

https://www.bbc.com/news/business-61222470

What do you think about this move? Is it smart or not? What will be the implication on crypto and social media?

Eager to read your opinions

My bet is that the transaction will NOT happen and may be just another gimmik of Elon. We will see.

Elon Musk has said his $44bn (£35bn) deal to buy Twitter is on hold after he queried the number of fake or spam accounts on the social media platform.

https://www.bbc.com/news/business-61433724

On 5/12/2022 at 9:01 PM, Roza Vetrova said:

думаю это отлично

Настолько отлично что я теперь могу заходить на сайт только через vpn и мне теперь не приходят sms

1 hour ago, DoubleCycleBiz1717105705 said:

So great that now I can only access the site through vpn and now I don’t receive sms

What solution you have to recover your account?

32 minutes ago, topgoldforum said:

What solution you have to recover your account?

I’ll tell you a secret, access to tens of thousands of sites has been closed for my region, this has been happening since March. I can't even open the Bitcoin website and can't launch QT desktop wallet without a VPN. I have no access to anything, even 90% vpn services are not available to me. I have also blocked my accounts on many crypto exchanges. I also had my Skrill wallet blocked due to balance. They block me everywhere and take my money. Also skype, viber, whatsapp, twitter, instagram, facebook, app store (yes, my iPhone turned into a brick) namechip took my domains. Google blocked mail. but I can’t remember everything ... Ukraine abandoned the Donbass in early March, since these are sanctions against us coming from the government.

@DoubleCycleBiz1717105705,

I totally feel you. Unfortunately all these bannings against Russia put a lot of pressure on russians people, making their life difficult.  Regarding namecheap, I found their move to confiscate the domains despicable.

Returning to the question of Elon Musk and Twitter, I think that this person, an idol for many, makes some political statements in vain, many do not like it.
I consider buying a tweeter not the most brilliant idea, but Elon strives for publicity around him, so he knows what he is doing, everyone knows what his words are worth, he could return the lost capitalization to the entire crypto market in one day.😀
From social networks, I personally have not seen anything better than a telegram, it seems to me that the future is in it.
On twitter I don't know what the change as I will never use it.

In my opinion, Elon Musk is quite a genius and he made a lot of public statements to move the markets in his favor. Don't get me wrong, I don't admire him but I can recognise what is he doing.

Anyway, just as you said previously I think he will not purchase Twitter. At least not at the price he declared. That's because I don't see the fundamentals.

If we talk about profit, Twitter profit is very unreliable. Check the chart attached. 

Besides that, with the upcoming recession comming I think advertising revenue will decline so the profit of Twtter from advertise may also decline.

This being said I think Twitter is playing with Twitter stocks and if he will buy it then may do it at a way lower rate.

Just my thoughts,

7 hours ago, TacoLoco said:

Has he followed through with the deal? This subject kind of fall off the media coverage for a bit

I think this will be settled in court because Musk is not going to pay what he said it will considering the recent change in stocks price + the amount of inactive Twitter users.

On the other hand, it seems Twitter board want to continue with the aqusition

https://www.cbsnews.com/news/elon-musk-twitter-deal-board-endorsement-qatar-economic-forum/

So we will see how this develops,

Forgot to update this thread. So I was right, Musk backed off in the Twitter deal. 

https://www.makeuseof.com/elon-musk-no-longer-wants-to-buy-twitter/

He just likes doing it. He is in the role of a public person.