SOFTWARE

Twitter Acquired by Elon Musk for $44 Billion

Twitter | April 26, 2022

Twitter
Elon Musk, the world’s richest person, has acquired ownership of Twitter in one of the most significant tech transactions in history. Musk will pay around $44 billion for the social network, with shares valued at $54.20. On April 14, Musk revealed his takeover attempt, calling it his ‘best and last offer.’

“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. I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it,” Musk said in a press statement posted to his Twitter account.

Twitter first put in place a “poison pill defense” against the hostile takeover. However, once Musk stated that he had obtained finance, the board entered into discussions with the Tesla co-founder. Musk met “privately with several shareholders of the company to extol the virtues of his proposal” on Friday, according to the Wall Street Journal, and also made video calls to them to press his case.

On the platform, he has been a staunch supporter of ‘free speech.’ In the filing to the US SEC, Musk wrote, “I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.”

The Tesla co-founder has already talked about the necessity for an ‘Edit Button’ on the platform and even ran a poll in which he purposefully misspelled yes and no, apparently to emphasize the need for an edit button given the frequent errors that people make when tweeting. It’s worth noting that Twitter has previously announced that an edit button will be included.

Spotlight

Based on the powerful new family of Intel Xeon E5-2600 (Sandy Bridge) processors, the EMC VNX implements a modular architecture that integrates hardware components for block, file, and object with concurrent support for native NAS, iSCSI, Fibre Channel, and FCoE protocols. The series delivers file (NAS) functionality via twoto-eight Data Movers and block (iSCSI, FCoE, and FC) storage via dual Storage Processors leveraging full 6 Gb SAS disk drive topology.

Spotlight

Based on the powerful new family of Intel Xeon E5-2600 (Sandy Bridge) processors, the EMC VNX implements a modular architecture that integrates hardware components for block, file, and object with concurrent support for native NAS, iSCSI, Fibre Channel, and FCoE protocols. The series delivers file (NAS) functionality via twoto-eight Data Movers and block (iSCSI, FCoE, and FC) storage via dual Storage Processors leveraging full 6 Gb SAS disk drive topology.

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No-Code Solution Bubble and Microsoft for Startups to Launch Founders’ Hub Partnership

Bubble | July 08, 2022

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Logiwa Launches Powerful Software For Order Fulfillment Analytics

Logiwa | July 25, 2022

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LTI Strengthens Strategic Collaboration with Microsoft

LTI | August 03, 2022

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