Angry Twitter fans threaten to DELETE app over Elon Musk’s ‘terrifying’ $44 billion takeover
TWITTER fans are threatening to ditch the US social media app after Elon Musk’s hostile takeover of the company.
The richest man in the world is spending $44 billion on the deal announced Monday, sparking outrage in some corners of the internet.
Tesla and SpaceX CEO is paying $54.20 a share in cash to acquire the social media platform.
Many users have supported the 50-year-old’s plans to revamp the app to better suit his tastes as a “free speech absolutist.”
However, others argue that this allows misinformation, abuse, and hate speech to thrive on the site more than it already has.
The Hashtags”#RIPtwitter” and “#DeleteTwitter” were popular on Tuesday morning.
One outraged Twitter user wrote: “With Elon Musk buying Twitter we need a new social media site to go to that won’t be sold out to far right jobs. Any suggestions?”
Another said: “I still think Elon Musk owning Twitter is a bad idea. He will amplify racists, fanatics and misinformation. He is a malicious actor with his distorted views on free speech and censorship.”
And a third tweeted: “Elon musk purchase Twitter for $44 billion as easy as actually doing my weekly grocery shopping at Aldi dreadful.”
Musk’s legion of fans quickly jumped to his defense, encouraging users who opposed the deal to leave the app.
One tweeted: “I can see you leaving twitter 🐦 hasta la vista baby 👋 freedom of speech to the moon 🚀 and back”.
Another said: “Let me get this straight, people are leaving Twitter over the threat of…free speech?”
They added: “If that doesn’t tell you everything you need to know, I don’t know what will.”
However, many people saw the fun side of things and joked that they would be back in the app within minutes of exiting.
One Twitter fan joked, “If Elon Musk buys Twitter, I’ll never log back in until I’m bored five minutes later and open the app without thinking.”
Musk offered earlier this month to buy Twitter for $43 billion (£34 billion) in cash and the offer was accepted on Monday.
The Tesla CEO previously described that amount as his “best and final offer.”
It will take several months to complete the acquisition, which is subject to shareholder and regulatory approvals.
The deal is likely to come as a surprise to many, after a number of shareholders initially wanted to reject the offer because the offer was too low.
Analysts debated whether Musk might be able to allocate funds across his portfolio to buy Twitter at $54.20 per share.
The price point was hardly arbitrary since Musk is an open fan of jokes about 420, a number long associated with smoking weed.
The New York Times reported that Musk had reached an agreement with investment bankers at Morgan Stanley to lend him about $25 billion to fund the deal – Musk would come up with the rest in cash.
Musk ownership could see changes to Twitter.
These could include the return of former ones President Donald Trumpwho was sensationally banned from the platform after 2021 United States Attack on the Capitol.
Musk has long advocated free speech and “anti-censorship.”
Corresponding Reutersmany republican are happy with the Twitter deal.
Trump has since launched his own social media platform called Truth Social and has stated that he will not return to Twitter.
News of a deal sent Twitter’s stock skyrocketing nearly 6 percent.
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https://www.thesun.ie/tech/8706820/furious-twitter-delete-app-elon-musk-takeover/ Angry Twitter fans threaten to DELETE app over Elon Musk’s ‘terrifying’ $44 billion takeover