Shares taken off stock exchange and as world’s richest man’s completes deal to buy social media platform

The world’s richest man, Elon Musk, has completed his $44bn acquisition of Twitter, amid warnings from politicians and campaigners that hate speech on the platform must be held in check.

The social media group confirmed the deal in a brief filing on the New York Stock Exchange on Friday morning, disclosing the deal had closed the day before. Shares in the company have been suspended and will delist on 8 November, capping a chaotic saga that began when the billionaire first announced his plans to take the tech business private in April.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

World Bank ‘missed vital opportunities’ to support Covid response, says Oxfam

Millions forced to do without or pay for services as funding fails…

Judge criticises Priti Patel over policy for asylum seekers in pandemic

Court hears home secretary may have acted unlawfully in changing accommodation policy…

Republican George Santos expelled from Congress in bipartisan vote

Congressman, who has pleaded not guilty to 23 federal fraud charges, becomes…

Could Ukraine war help end west’s reliance on hydrocarbons?

Russian invasion diverts attention but may ironically help push world towards cleaner…