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But now it appears that evidently Musk is going to take a step that will acquire the organization’s solutions much past merely a social network, as he’s thinking about turning Twitter into a payments System to contend with Apple Pay and PayPal.
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In July 2022, Musk tried to terminate the deal, arguing that X had failed to deliver selected details regarding pretend accounts. The corporate sued Musk to demand him to complete the offer.
The organization’s board adopted a poison tablet provision to discourage Musk from accumulating an excellent bigger stake, Nonetheless they eventually acknowledged Musk’s offer soon after he disclosed $46.five billion in committed funding for that deal inside of a securities filing.
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