5.9k Share this

Key Takeaways:

  • Elon Musk closed a $44 billion deal to takeover Twitter
  • Investors are waiting to see if he’ll move the company private
  • Q.ai’s Emerging Tech Kit can help tech investors navigate uncertainty

Elon Musk closed a $44 billion deal—including over $20 billion of his own fortune—to take Twitter private at $54.20 per share this week. The stock closed up 5.64% after the announcement, which follows weeks of back and forth between the Tesla CEO and tech giant.

Twitter would become a private company if the deal closes as planned. While users and investors alike await shareholder and regulatory approval, Musk has publicly shared some plans he has for the social site.

Download Q.ai for iOS today for more great Q.ai content and access to over a dozen AI-powered investment strategies. Start with just $100. No fees or commissions.

“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,” he said in a tweet. He’s also recently tweeted that another social media platform, Truth Social, “exists because Twitter censored free speech,” calling out that the platform is beating Twitter and TikTok on the Apple Store. So users can likely expect to see loosened regulations around that.

MORE FOR YOU

Musk has also talked about enhancing the product with new features, making the algorithms open source to boost trust, cleaning up all the spam bots, and “authenticating all humans.” Plus, he believes the platform should have more privacy protection with DMs that “have end-to-end encryption like Signal, so no one can spy on or hack your messages.”

“Twitter has tremendous potential—I look forward to working with the company and the community of users to unlock it,’ he added, tweeting again that he wants to “make Twitter maximum fun.”

But speculation that Musk will delete the social media platform is circulating, keeping investors on the edge of their seats. Some users worry (and others hope) that Musk will vanish the platform altogether. And, while the plan is not necessarily to delete Twitter, Musk’s plans to take the social media company private would effectively delete it from the stock market.

Going private would mean that Twitter no longer has to comply with regulatory requirements or meet Wall Street’s expected quarterly earnings. This means that private companies may have more profit and resources to dedicate to development—so Musk could very well carry his ideas out to fruition, including any unpopular plans or any concepts to overhaul the whole product as we know it.

The process for converting a company from public to private is a nuanced one that, of course, would have an impact on investors who own the stock. If the merger closes as discussed this week, anyone who is invested in Twitter would get $54.20 in cash for each share that they own. From there, their shares would be canceled.

That’s where Q.ai comes in to help. If you’re interested in investing in tech, but wary of putting your dollars behind tech companies that can be so hot and cold, check out Q.ai’s Emerging Tech Kit.

The Kit offers users access to both top tech giants like Twitter, as well as up-and-coming innovators in the space. And it rebalances weekly as our AI identifies leading technology stocks and ETFs.

We use alternative datasets focused on social media sentiment and news sentiment to give insight to short-term market moves and longer-term trends. All this helps us to find the sweet spot when balancing your portfolio.

So whatever is happening on social media—or about social media in the news—Q.ai is on top of it for you.

Download Q.ai for iOS today for more great Q.ai content and access to over a dozen AI-powered investment strategies. Start with just $100. No fees or commissions.

Source: Forbes

5.9k Share this
You May Also Like

Gisele Bündchen, 41, reveals she feels BETTER in her 40s as she details hitting ‘rock bottom’

Gisele Bündchen has revealed she feels better in her forties than she…

Swiss asset manager Julius Baer eyes crypto and DeFi potential

The 132-year-old Swiss asset management firm, Julius Baer, intends to offer exposure…

San Antonio Hit Hardest by Formula Shortage

A local news outlet reported that parents in San Antonio, Texas, are…

Will Social Security Fix The Problem In Calculating Benefit Rates For Those Born In 1960?

Ask Larry Economic Security Planning, Inc. Today’s Social Security column addresses questions…

Tencent Profit Plunges 51% Amid China Covid Surge, Revenue Flat

Signage for Tencent Holdings atop an entrance to an office building in…

Tether launches crypto and blockchain education program in Switzerland

Switzerland’s southern city of Lugano will host a blockchain- and cryptocurrency-focused school…

Mashinsky says ‘Sharks of Wall Street’ circling around Celsius and other projects

The CEO of crypto lending and staking platform Celsius Alex Mashinsky believes…

Dems Must Act — We Are Getting ‘Live-Streamed Lynched in Broad Daylight’

MSNBC host Al Sharpton said Wednesday “Deadline” that activists must push for…