Elon Musk just lit a fuse under best-laid plans of social companies – By Dia Rekhi (Economic Times) / April 15, 2022
Synopsis: Musk has proposed to make Twitter a private entity if the proposal goes through. Twitter rival Koo App co-founder Aprameya Radhakrishna said this was a sensible move as it would help Musk to execute ‘drastic changes.’
Chennai: The cycle of disruption may be catching up with the social media disruptors such as Twitter and may affect the entire ecosystem including companies like Meta (formerly known as Facebook), industry executives and experts told ET.
This comes after billionaire Elon Musk on Thursday offered to buy 100% of Twitter in an updated 13D filing with the SEC wherein he is offering $54.20 per share in cash to buy the San Francisco headquartered micro blogging site for $41.39 billion
Musk has proposed to make Twitter a private entity if the proposal goes through. Twitter rival Koo App co-founder Aprameya Radhakrishna said this was a sensible move as it would help Musk to execute ‘drastic changes.’
