![]() Decline in Value: Elon Musk said Twitter is now worth about $20 billion, according to an email he sent to employees, a significant drop from the $44 billion that he paid to buy the company in October.Source Code Leak: Parts of the underlying computer code on which Twitter runs were leaked online - a rare and major exposure of intellectual property.X is buying out all of Twitter’s stock and will control the service, and Mr. Musk is merging the social media company with X Holdings, a corporate entity that he established in Delaware to handle the deal. Musk taking Twitter private?Īs part of buying Twitter, Mr. ![]() Here’s how Twitter is set to change as a private company under Mr. “By taking it private, you feel like you have a lot more flexibility.” Quinn, a professor at Boston College Law School. “It’s hard to run a public company if you think you should be the one running it and you’re not open to other views from people, like stockholders,” said Brian J.M. Musk can make over Twitter - including tweaking the platform’s content rules, its finances and its priorities - without having to consider the worries of the investing public. They are also subject to less regulatory scrutiny and can be more tightly controlled by an owner. Unlike publicly traded companies, privately held firms do not have to make quarterly public disclosures about their performance. Making Twitter a private company gives Mr. As part of his $44 billion acquisition of the social media service, which closed on Thursday, he is delisting the company’s stock and taking it out of the hands of public shareholders. Musk, who did not end up taking Tesla private, is doing so with Twitter.
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