Leidi.com Lei Jianping October 28
After half a year of tug-of-war, the world's richest man and Tesla CEO Musk has finally completed the acquisition of Twitter (Twitter).
The new official took office with three fires. The first thing Musk did after he took over Twitter was to fire Twitter CEO Parag Agrawal, CFO Ned Segal, and legal affairs and Policy Director Vijaya Gadde.
Parag Agrawal and Ned Segal were escorted out of Twitter's San Francisco headquarters and will not return. Musk believes the executives have misled him.
Another thing Musk did was to bring Tesla's engineers to Twitter and conduct code reviews immediately. Musk posted on social media saying: "the bird is freed".
Twists and turns of acquisitions
The story of Musk's acquisition of Twitter began a few months ago.
In April 2022, according to the US Securities and Exchange Commission (SEC) disclosure documents, Musk already holds 9.2% of Twitter's common stock.
On April 4, 2022, Twitter entered into a letter agreement (the "Agreement") with Musk, which stipulated that as long as Musk serves on the board of directors and for 90 days thereafter, Musk will not become a member of the company alone or as a group member 14.9 Beneficial owners of more than 10% of the outstanding common stock.
Twitter also invited Musk to join the company's board of directors, but Musk declined.
Musk said he invested in Twitter because he believes it has the potential to become a global platform for free speech, and because he believes free speech is a social responsibility of a functioning democracy. "However, since my investment, I now realize that in its current form, this company will neither prosper nor serve society's needs. Twitter needs to transform into a private company."
"Freedom of speech is the cornerstone of how a democracy works, and Twitter is a digital city square where people discuss issues critical to the future of humanity," Musk said. Trust, beat spam bots, and authenticate everyone makes Twitter better than ever."
Musk offered to buy Twitter for $54.20 per share in cash, a 54% premium to the day before he began investing in Twitter. "Twitter has extraordinary potential. I want to release it." In the same month, Twitter announced that the board had accepted Musk's $44 billion acquisition and privatization proposal.
In just a few months, Musk suddenly "no longer loves" Twitter, and even said that he would terminate the deal to acquire Twitter for $44 billion because Twitter violated several terms of the merger agreement.
Musk also said he left because Twitter fired senior company executives and a third of its talent acquisition team, in violation of Twitter's obligation to "substantially keep the physical components of its current business organization intact." .
Twitter said, "We are committed to completing the transaction at the price and terms agreed with Mr. Musk, and plan to take legal action to enforce the merger agreement. We are confident that we will win in the Delaware Chancery Court."
Musk walked away from the deal at a time when fears of rising interest rates and a potential recession hammered Wall Street, while Twitter pledged to push hard to get it done, casting uncertainty over the company's future and its stock price.
Twitter sued Musk. The court ruled that if Twitter is not acquired by October 28, Musk will face lawsuits. Ultimately, Musk closed the deal before a court-imposed deadline to close the deal.
Two days before the acquisition was completed, Musk had changed his profile on Twitter to "Chief Twit," showing himself walking into Twitter's San Francisco headquarters. Musk showed up at the Twitter headquarters holding the washbasin and told Twitter employees that he did not intend to lay off 75% of the staff after taking over the company.
Musk has become an American entrepreneurial superstar
Musk has increasingly become an entrepreneurial star in the United States. In addition to Twitter, he also owns well-known companies such as Tesla and space exploration technology company SpaceX.
SpaceX was founded in 2002 with the goal of developing a reusable rocket system to launch cargo or as many as 100 people on missions to the Moon and Mars.
On May 31, 2020, SpaceX also launched two NASA astronauts into space. After more than 10 hours of flight, the SpaceX manned spacecraft successfully docked with the International Space Station. The launch of SpaceX went smoothly. More than 2 minutes after the launch, the first stage of the rocket separated, and the first-stage thruster was successfully recovered after that. The name of the recycling platform is: "Of course I still love you."
This is the first manned mission in the history of SpaceX and the first manned space launch mission to be carried out in the United States since the retirement of NASA's space shuttle.
SpaceX also launched the SpaceX Starlink satellite Internet plan, which aims to build a satellite Internet with 12,000 satellites in order to provide high-speed Internet services to consumers anywhere on the earth.
SpaceX's space program also includes building a fleet of Starships capable of colonizing Mars and enabling humans to live permanently on the lunar surface.
There are many other great companies under Musk, such as Solar City, which was established in October 2008 and is located in Foster City, California, which specializes in the development of household photovoltaic power generation projects. Its main research and development direction is photovoltaic power generation.
Neuralink, owned by Musk, is committed to the research of biological and physical interactions, and its product concept is "brain-computer interface". To put it simply, there is a "usb interface" in the human head, which can copy in and out memory knowledge information, etc. If successful, human immortality will become a reality.
Musk also owns a rail transit company whose research direction is closed vacuum maglev trains. Ideally, maglev trains would travel at super-top speeds like capsules speeding through water pipes. Simply put, a closed hyperloop.
There are many people who are popular and have 9 children
As the richest man in the world, Musk has a lot of popularity. In 2022, Musk will also have a lot of lace. Musk and the 36-year-old Neuralink female executive gave birth to twin illegitimate children.
Musk has been advocating fertility, and he responded by saying it was "doing our part to alleviate the crisis of population decline." "There is still no one on Mars". "I hope you have a big family and congratulations to the families that already have many children".
Not everyone was pleased with Musk's response. "The Big Short" investor Michael Burry slammed: "This does not mean that the boss can use the problem of underpopulation as an excuse to sleep with his subordinates!"
Musk's personal life is messy. Musk's first marriage lasted 8 years, and his first son died in 2002, 10 days after he was born. The two gave birth to twins and triplets through IVF in 2004 and 2006 respectively.
After the divorce, Musk began to date frequently, and continued to get married and divorced. In 2010, Musk married actress Tallulah, divorced, remarried, and divorced again. He's also dated a number of teenage stars, including Cameron Diaz and Depp's ex-wife Amber Heard.
In 2020, Canadian singer Grimes gave birth to Musk's boy through natural conception, but in September 2021, Musk and Grimes broke up peacefully.
In December 2021, Grimes, already an ex-girlfriend, gave birth to Musk's only girl through surrogacy.
Today, Musk has nine known children. Of course, Musk has not done a good job of spending time with his children.
Recently, Musk's child, Xavier Alexander Musk, submitted documents to the Los Angeles Superior Court, requesting a name change, and decided to announce the fact that he has transformed into a woman.
Musk's son, Xavier Alexander Musk, has just turned 18 and has come of age. But his first decision was to submit an application to the Los Angeles Superior Court, hoping to change his surname "Musk" and sever the parent-child relationship with his famous father Musk.
He publicly stated that this is based on "the fact that I no longer live with my biological father (Musk) and no longer want to be associated with him in any form."
This is very different from Chinese culture. Back then, when Wanda was in full swing, Wang Sicong was called the "national husband", which shows the public's attitude towards the richest man. More Chinese people hope to have a rich and powerful relative at home. Can help myself. More people hope that "my father is Li Gang".
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