WhatsNew2Day
Latest News And Breaking Headlines

Snoop Dogg jokes that he’ll consider buying Twitter after Elon Musk puts his $44B takeover on pause 

Snoop Dogg has gone viral after suggesting that “there could be [to] buy Twitter now’ after Elon Musk’s $44bn takeover stalled.

The rapper, whose legal name is Calvin Cordozar Broadus Jr, attempted to become Twitter’s next owner, jokingly tweeting about how he’s “replacing the board with Jimmy from my Fish Fry corner, Tommy Chung.” [sic] cast [sic] boy with the ponytail [Pete Najarian] on CNBC.’

Snoop also said that he would immediately give everyone a blue check mark, ‘even that [sic] bots with 10 letters in their name that hit you in DM [and] just say hello.” Nah, fuck those bots.

The 50-year-old Young, Wild, and Free singer said his ‘first line of business’ would be putting free internet on planes, referencing one of Musk’s other business ventures, Starlink, which airline JSX announced. on April 21 that it would use get Internet on its planes in the coming year.

The product would come for free, which made the singer think: ’29 dollars for 1 hour is silly’.

If Snoop Dogg were serious about buying the social platform, the singer’s offer would be much lower than Musk’s, with the American Song Contest co-host estimated to be worth only around $150 million compared to the $150 million. 240 billion Musks.

Snoop Dogg, whose legal name is Calvin Cordozar Broadus Jr, 50, has teased becoming Twitter's next owner after Elon Musk, also 50, halted their deal.

Snoop Dogg, whose legal name is Calvin Cordozar Broadus Jr, 50, has teased becoming Twitter’s next owner after Elon Musk, also 50, halted their deal.

1652477265 973 Snoop Dogg jokes that hell consider buying Twitter after Elon

1652477296 515 Snoop Dogg jokes that hell consider buying Twitter after Elon

1652477303 676 Snoop Dogg jokes that hell consider buying Twitter after Elon

1652477305 588 Snoop Dogg jokes that hell consider buying Twitter after Elon

The co-host of the American Song Contest jokingly tweeted that he was going to give everyone a blue checkmark,

The co-host of the American Song Contest jokingly tweeted that he was going to give everyone a blue check mark, “even the bots with 10 letters in their name that beat you up on [the] DM [and] just say hello.” Nah, fuck those bots

Musk, 50, threw his multimillion-dollar deal into chaos on Friday when he announced he was suspending it “temporarily” pending details to support the estimate that fake/spam accounts make up less than 5 percent of users.

He linked to a Reuters report from May 2 indicating Twitter’s estimate that bots were only a small percentage of the site’s users.

Musk had said that one of his priorities would be to remove “spam bots” from Twitter once the company’s acquisition was complete.

It’s unclear what the legal effect of his tweet was, and some analysts were puzzled that he announced the move on Twitter instead of a regulatory filing.

Tesla’s CEO insisted that “he is still committed to [the] acquisition’ of the company, but it appears the billionaire may have some public competition with the singer, who tweeted ‘wake up and bake’ just hours before jokingly announcing his business proposal.

Musk’s surprise tweets early Friday sent shares of Twitter tumbling pre-market as analysts speculated that Musk is trying to negotiate a lower price for the deal or pull out altogether.

The tweets come after the Tesla billionaire (pictured from the Met Gala) announced he was putting his $44 billion deal on hold as he waits to see if bots make up just five percent of Twitter users.  He insisted that

The tweets come after the Tesla billionaire (pictured from the Met Gala) announced he was putting his $44 billion deal on hold as he waits to see if bots make up just five percent of Twitter users. He insisted that he “was still committed to [the] acquisition’

Citing a regulatory filing from Twitter from a week ago, Musk said he wanted to pause the deal to verify that fake or spam accounts made up less than 5 percent of the company’s 229 million users during the first quarter.

Backtracking a few hours later, Musk tweeted that he was “still committed” to the acquisition. If he walked away from the deal, Musk would likely have to pay a $1 billion termination fee.

Although Twitter’s board agreed to the purchase last month, it has yet to be approved by shareholders and was not expected to close for at least several months.

Shares of the social media company fell as much as 25 percent in premarket trading this morning, continuing a massive downward trend since Twitter’s board accepted its takeover offer on April 25.

Twitter’s share price has plunged following the April 25 announcement that Twitter’s board of directors had agreed to its purchase, when shares closed at $51.70.

The stock closed at $45.08 on Thursday and plunged in premarket trading on Friday following Musk’s tweet, falling as much as 13 percent.

Twitter did not immediately respond to a request for comment.

Meanwhile, shares of Tesla, against which Musk raised $6.25 billion in acquisition funding, were up about 5 percent early Friday.

Shares of Tesla have slumped and are down 28 percent in the past month, amid investor concern that the Twitter deal will divide Musk’s attention and that financial troubles would force him to shed more of his assets. Tesla holdings.

The drop in Tesla’s share price has raised concerns about Musk’s ability to fund the Twitter deal. At Thursday’s closing price, Musk would have to put up more than a quarter of his Tesla shares to secure the $6.25 billion margin loan.

Tommy Chong (pictured) has been a friend of Snoop Dogg for years and a person the singer jokingly said he would put on the Twitter message board.

He also said he would do the 'boy with the ponytail on CNBC', Pete Najarian (pictured) on the board.

Snoop said he would replace Twitter’s address board with Tommy Chong, (left) who has been friends with the singer for years, and CNBC’s ‘ponytail guy’ Pete Najarian (right)

Analysts questioned why Musk suddenly raised concerns about Twitter’s estimate that 5 percent of accounts are fake, a detail the company has included in regulatory filings for years.

Susannah Streeter, an analyst at Hargreaves Lansdown, said: ‘This 5% metric has been out for some time. Clearly I would have seen it by now… So it may well be more part of the strategy to lower the price.

“It’s going to be very frustrating for many in the company given that several senior executives have already been fired,” he said.

Neil Campling, head of TMT Research in London, said: ‘Laughable. We had always said that it could cut, run or change pitch at 11 o’clock and 59 minutes and 59 seconds on the clock. thats false

“He has never been fully funded, we know from his constant attempts to get financial support, but he also had all the cards.”

The implied probability that the deal will close at the agreed price fell below 50 percent for the first time on Tuesday, as shares of Twitter fell below $46.75.

This week, a US firm betting against the company’s share prices said Musk could bid lower for Twitter due to falling shares and poor financial performance.

Musk is now pausing his mammoth takeover demanding more information on the numbers.

Musk is now pausing his mammoth takeover demanding more information on the numbers.

Hours later, Musk insisted that he was still committed to making the deal.

Hours later, Musk insisted that he was still committed to making the deal.

Short-selling firm Hindenberg Research said there is a “significant possibility” that the businessman will try to pay less than the agreed price of $54.20 per share that was accepted by Twitter’s board.

The sharp drop in the Nasdaq stock market since the deal closed implies a much lower value for Twitter, whose value is being propped up by the takeover bid.

In a document released Monday, the company said: “We support Musk’s efforts to take Twitter private and see a significant chance the deal will close at a lower price.”

They added that if Musk decides to leave, Twitter’s shares could drop by as much as 50 percent.

But the SpaceX founder might have to pay $1 billion just to back out of the deal in a break fee.

Twitter had said it faced several risks until the Musk deal was closed, even if advertisers would continue to spend on Twitter.

The announcement is another twist amid signs of internal turmoil over its planned purchase of Twitter, including the fact that the social media company fired two of its top managers on Thursday.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More