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Showing posts from May, 2022

The story of twitter buying.

  So first let's talk a bit about twitter. Twitter is a giant social media platform where mostly officials post all their official messages. Thus twitter is considered similar to a wall news in a school, Every one can see everything in twitter. Every named official including US presidents to actors to your famous footballer, every one is in twitter, And that is the reason which adds the value for twitter because there is no competing social media which have this kind of value, not even Facebook.  So, Elon Musk offered 44 Billion USD to but all of the twitter stocks. Twitter previously was owned by a Saudi Arabian company called  Kingdom Holding Company. This company also presently holds the controlling stocks of Uber and Deezer.   The is company is led by its chairman, HRH prince Alwaleed Talal ( الوليد بن طلال).  So before Musk offered his 44 Billion to buy twitter, he owned roughly 9% of the company. It was the second controlling stock holding after  Kingdom Holding Company's