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Elon Musk Twitter Acquisition: The World Screams as Billionaires Own Communication Channels

Americans and activists across the world have taken to Twitter to vent their anger and disapproval of Elon Musk’s acquisition of Twitter.



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In a surprising turn of events, Americans and activists across the world have taken to Twitter to vent their anger and disapproval of Elon Musk’s acquisition of Twitter. People are accusing Elon Musk of hiding behind freedom of speech to gag them and control what they could say by acquiring one of the world’s biggest social media platforms, Twitter.

Elon Musk on Monday acquired Twitter in a $44 billion deal following weeks of criticism and condemnation concerning Twitter’s adherence to its free speech policy. The billionaire, who had earlier refused calls to block Russian government access to Starlinks internet, dumped $2.9 billion on a 9.2% stake in the company to alert the world to his readiness and determination to ensure freedom of speech across the world.

After turning down an invitation to join the company’s board of directors, Musk called for a structural change across the board and eventually made an offer to own the company to allow him implement the changes. These changes include delisting Twitter from New York Stock Exchange (NYSE).

He said “Since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.”

Musk’s offer wasn’t immediately accepted by the Twitter board that seemingly despised him for his gut and unconventional approach to business matters. Sensing a possible turndown, Musk announced he has secured a financial option of $46.5 billion and would attempt to acquire Twitter directly from shareholders if the board continues to ignore his offer.

On Monday, exactly four days to Twitter’s earnings report for the first quarter of 2022, the board reached a $44 billion agreement with Musk. A move that I will liken to Robinhood’s strategy when it listed Shiba Inu and other three cryptocurrencies following Goldman Sachs’s call to sell Hood Stock.

However, social media darling, Musk is presently being accused of acquiring Twitter to control freedom of speech like Jeff Bezos and his other fellow billionaires.

Jeff Bezos, the billionaire owner of Amazon Inc, the world’s largest retail company, purchased Washington Post in 2013 and has since been blamed for using his media company to attack certain high profile individuals like President Donald Trump, the 45th president of the United States of America.  Some of Washington’s posts are Is Trump mentally ill? Or is America? Psychiatrists weigh in, President Trump has made 1,628 false or misleading claims over 298 days, President Trump has made more than 20,000 false or misleading claims, and many more.

Mark Zuckerberg, the billionaire owner of Facebook, Instagram, WhatsApp and other global platforms, was also mentioned among billionaires acquiring mass communication media in an effort to control freedom of speech.

Surprisingly, Jeff Bezos was the first to take a dig at Musk. Bezos had insinuated that the Twitter acquisition would give China more leverage given that is Tesla’s second-largest market after the United States.

Jeff Bezos, however, came back two hours later to respond No to his own question after a lot of harsh replies and media publication.


Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq,, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Trump Media & Tech Group Plummets, Wiping Out $2.8 Billion in Value



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Trump Media & Technology Group Corp., the social media predominantly owned by former U.S. President Donald Trump, has lost $2.8 billion in market value in the last few days.

The tumultuous downturn comes as a wave of retail traders who once fervently boosted the stock have begun to offload their holdings.

The company, which encompasses the Truth Social platform, has seen its stock plummet by 36% since its closing high on March 26.

This nosedive not only erased the gains achieved in the aftermath of its merger with Digital World Acquisition Corp., but it also pushed the stock below its pre-merger trading levels.

Initially, Trump Media enjoyed a meteoric rise in its early days as a publicly traded entity following the merger with DWAC, the blank-check company facilitating the deal.

However, the allure of the stock among individual investors, who saw it as a means to express support for the former president’s potential 2024 reelection bid, has waned significantly.

As the stock continues its downward spiral, the once-projected paper windfall for Donald Trump himself has also dwindled.

Trump’s anticipated gains from the venture have plummeted by approximately $1.6 billion, leaving him with an estimated $2.9 billion in paper wealth.

However, realization of this wealth remains contingent upon a six-month lock-up agreement, delaying Trump’s ability to sell shares.

The timing of Trump Media’s downfall coincides with a flurry of legal troubles facing the former president. With just a week until the commencement of his first criminal trial in Manhattan, Trump faces charges related to falsifying business records in connection with hush money payments to a pornographic actress prior to the 2016 election.

Also, Trump is slated to undergo deposition in a civil lawsuit filed against him and Trump Media by two co-founders alleging share dilution prior to the merger.

Despite the substantial loss in value, Trump Media retains a market capitalization of approximately $5 billion, underscoring the paradoxical valuation dynamics in the current market environment.

The company’s meager revenue of $4.1 million in the preceding year contrasts sharply with its lofty market capitalization, raising concerns about the sustainability of its valuation.

The dramatic downturn of Trump Media & Technology Group mirrors the volatile trajectory of past meme stocks like GameStop Corp. and underscores the inherent risks associated with companies emerging from SPAC mergers.

As the company grapples with its dwindling valuation and mounting legal challenges, the future of Truth Social and its associated ventures remains uncertain in the ever-shifting landscape of the digital realm.

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TikTok Faces Existential Threat as US House Votes Overwhelmingly to Ban Unless Sold



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The US House of Representatives has voted overwhelmingly to ban TikTok unless its Chinese owner, ByteDance Ltd., sells the video-sharing app.

The measure, passed by a vote of 352 to 65, marks a significant escalation in the ongoing scrutiny of TikTok, which has come under fire over concerns about national security and data privacy.

The bill, if enacted into law, would require TikTok to divest its US operations within 180 days or face a ban from US app stores, including those run by Apple and Google.

This move represents the most serious challenge yet to TikTok, which boasts a massive user base of 170 million Americans but has been criticized by some lawmakers as a potential national-security threat due to its Chinese ownership.

President Joe Biden has signaled his support for the legislation, stating that he would sign it into law if it passes the Senate.

However, the bill’s fate in the Senate remains uncertain, with Majority Leader Chuck Schumer yet to endorse it and some members, including Republican Rand Paul, expressing opposition.

TikTok has vehemently opposed the proposed ban, arguing that it would violate the First Amendment and have a detrimental impact on the economy, small businesses, and the millions of Americans who use the platform.

The company has also faced accusations of being a tool for Chinese propaganda, although it has consistently denied sharing user data with the Chinese government.

The House passage of the bill comes just days after its introduction, reflecting growing bipartisan concern over TikTok’s influence and potential risks to national security.

The swift action underscores the urgency with which lawmakers are seeking to address these concerns and highlights the mounting pressure on TikTok to address them or face significant consequences.

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Reddit Eyes $748 Million in Landmark Initial Public Offering




Reddit Inc. is setting its sights on a colossal initial public offering (IPO) aiming to raise $748 million.

This ambitious move represents one of the most significant IPOs of the year as Reddit looks to capitalize on its vast user base and unique market position.

The social media giant, beloved for its diverse forums and vibrant community discussions, plans to offer 22 million shares at a price range of $31 to $34 each, according to sources familiar with the matter.

If successful, this would catapult Reddit’s valuation to as high as $6.5 billion, solidifying its status as a major player in the digital landscape.

What sets Reddit’s IPO apart is its innovative approach to shareholder inclusion. The company intends to reserve approximately 1.76 million shares exclusively for its dedicated users and moderators who created accounts before January 1st.

This groundbreaking move not only fosters a sense of community ownership but also underscores Reddit’s commitment to its grassroots origins.

Despite its meteoric rise, Reddit has faced its fair share of challenges.

From navigating volatile market conditions to addressing user concerns over content moderation and profitability, the company has weathered storms while staying true to its core values.

With heavyweight investment banks like Morgan Stanley, Goldman Sachs, JPMorgan Chase, and Bank of America spearheading the IPO, anticipation surrounding Reddit’s market debut is palpable.

As the company prepares to trade under the symbol RDDT on the New York Stock Exchange, all eyes are on Reddit, poised to witness history in the making.

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