Twitter files to withdraw business from stock exchange as Elon Musk’s $44 billion takeover finalized

Former U.S. President Donald Trump said today he was glad Twitter was “remaining sane” as Elon Musk completed a $44 billion takeover deal, but did not say whether he would return to his account on the platform that banned him.

Trump said he thinks his own truth social media platform “looks and works better.”

“I love the truth,” Trump wrote in a post on his platform. After a deadly January, Trump was banned from Twitter. On June 6, 2021, the attack on the United States Capitol. Musk has said he will restore Trump’s account, but Trump has previously said he will not.

Dan Milmore

Here’s our full story on senior politicians’ reaction to Twitter’s takeover.

Senior politicians have warned Elon Musk over content moderation on Twitter, the European Union has stressed the platform will “play by our rules” and a British minister has raised concerns about the billionaire’s possession of hate speech.

EU Internal Market Commissioner Thierry Breton wrote on the platform on Friday that “in Europe the bird flies by our rules” in response to Musk’s earlier tweet. “The bird is free” Apparently confirms that he has bought the company. The European Union is introducing digital services laws that include provisions to remove illegal content, including hate speech.

The UK government voiced its concerns on Friday as Environment Secretary Thérèse Coffey said it would be “concerning” if easing content moderation led to the proliferation of hate speech on the platform.

“I think it’s going to be concerning, it’s important that people own these platforms [and] Use them responsibly, not hate speech,” she told Sky News. Coffey added that the Online Safety Act, a landmark piece of legislation to tackle hate speech online, will return to parliament next week. It is understood that the bill will remain suspended after the government delayed its passage again this week.

The deal could “undermine” Twitter’s work on improving the platform, following reports that Musk had fired Vijaya Gadde, the company’s head of legal policy, trust and safety, an internet security campaigner said on Friday.

Twitter has filed to delist its shares as the world’s richest man Elon Musk’s $44 billion takeover is finalized.

It filed to withdraw shares from the New York Stock Exchange as its new owner takes the company private, according to filings with the U.S. Securities and Exchange Commission on Friday.

While we await more news on the Twitter deal, here’s a rundown of the rest of today’s news.

European shares were lower, with the pound down 0.1% but still above $1.15.

American oil major Exxon Mobil and Chevron Profits announced, dwarfed by shellof $9.5 billion.Texas-based Exxon’s third-quarter profit tripled to nearly $20 billion, nearly matching apple, compared with $11.2 billion for Chevron. President Joe Biden slams Exxon for making ‘more money than God’ over the summer.

Profits at the world’s largest oil companies have soared to nearly £150bn so far this year, analysts estimate, as Russia’s war on Ukraine has pushed up energy prices.

This German economy A surprising 0.3% growth in the July-September quarter defied fears of a recession. It barely managed 0.1% growth in the last quarter.

profit before tax National Western Group The July-September period remained flat at £1.1bn as the bank forecast UK house prices to fall 7% next year, as the economic outlook deteriorated and the cost of living for customers tightened.

This UK’s largest gas storage facility It could be one of the harshest winters in years for energy suppliers trying to meet demand.

Kanye West said he lost $2 billion in a single day this week after losing several key partners over his anti-Semitic remarks.

Elon Musk Expect to speak to Twitter employees later today as he completes a $44 billion acquisition of the social media platform.

Leslie BolandTwitter’s chief marketing officer sent a memo to employees on Wednesday saying he would visit the company’s headquarters this week, according to Bloomberg.

“Elon met with people in the San Francisco office this week, walked the halls, and continued to immerse himself in the important work you all do,” Burland wrote in the memo. “For everyone else, this is just the beginning of many meetings and conversations with Elon that you’ll all hear directly from him on Friday.”

Musk threatened to cut 75% of his workforce, or about 7,500 people in total, according to Time magazine, and Twitter employees sent an open letter to him and the board earlier this week.

“We demand transparent, timely and thoughtful communication around our working conditions,” the letter read. “We demand that we be treated with dignity and not be seen as mere pawns in the billionaire game.”

Concerned that Elon Musk’s acquisition of Twitter and his stance as a “free speech absolutist” could turn it into a platform for hate speech, Thierry BretonThe EU Commissioner for the Internal Market has stepped in.

In response to Musk’s tweet, he said:

He used the hashtag DSA – a reference to the Digital Services Act, one of two new EU legislation aimed at tightening regulation of social media.

Guy Verhofstadta former Belgian prime minister serving in the European Parliament (and former chief Brexit negotiator in the European Parliament) said: