After Elon Musk expressed that Twitter is not transparent about spam bots, fake accounts and the company's financial health, the Tesla CEO and billionaire brings a tempting deal.
The latter, has an original price of 44 billion dollars and Twitter seems ready to continue with the agreement for Elon Musk to buy the company. Yesterday it was announced, through a publication, that they intend to close the transaction at 54.20 dollars per share.
Musk's proposed deal is made on the condition that there be "an immediate stay of action," a postponement of the trial, and receipt of pending funding. Musk, however, has yet to announce what the proposed multipurpose X app will be, but in a tweet yesterday, he mentioned, "Twitter probably revs up X in 3-5 years, but I could be wrong."
The CEO considered using blockchain technology to combat spam bots, making Twitter users pay 0.1 Dogecoin (DOGE) to tweet or retweet.
âYou have to pay a small amount to register your message in the chain, which will eliminate the vast majority of spam and bots. There is no throat to choke, so freedom of expression is guaranteed," Musk says in the phone transcript. He then concludes that blockchain-based Twitter might not be feasible at the moment.
The news that Musk could be the new owner of the social media platform has sparked a controversy within the Twitter community. Among the different opinions that have been made known, one is that of the creator of Dogecoin, Bill Markus -also known as Shibetoshi Nakamoto on Twitter- told his 1.7 million followers that "if elon musk improves Twitter, then Twitter will be better," adding, "If Elon Musk screws up Twitter, then we don't have to listen to all the stupid things people say on Twitter anymore. that's win-win."
However, other users did not show much optimism in the face of the circumstance. One noted that he couldn't believe that "anyone who values ââ@Twitter would want @elonmusk to have anything to do with it."
Beyond the circumstances, the commotion and the controversial opinions of the public that this news caused, the price of Twitter shares rose 22.24% with a total of 52 dollars per share, according to Nasdaq data.
