Tesla CEO Elon Musk, whose $44 billion bid to shop for Twitter stays in limbo, used the social media platform to announce he had met with Pope Francis.
Musk used the @Pontifex deal with in tweeting that he used to be “commemorated” to fulfill with Francis on Friday. He tweeted a photograph appearing Musk, Francis and 4 of Musk’s teenage youngsters.
The Vatican didn’t announce the target market or supply any details about what used to be mentioned.
Musk’s tweet adopted one in every of a boulevard scene in Venice. It urged he may have had different stops on his excursion.
Francis incessantly meets with high-profile figures in strictly personal audiences which are held in a reception room of the Vatican resort the place he lives.
A not unusual speaking level Pope Francis makes use of when assembly with company CEOs is to attraction for them to make use of wealth and era to assist the poorest whilst taking care of God’s introduction.
Venerated to fulfill @Pontifex the day gone by pic.twitter.com/sLZY8mAQtd
— Elon Musk (@elonmusk) July 2, 2022
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Footage: Elon Musk over the years
FILE – On this Oct. 20, 2000 report photograph, PayPal Leader Government Officer Peter Thiel, left, and founder Elon Musk, proper, pose with the PayPal brand at company headquarters in Palo Alto, Calif. (AP Picture/Paul Sakuma, Report)
FILE – On this Dec. 9, 2008 report photograph, Tesla Motors CEO Elon Musk stands in entrance a Tesla sports activities automotive at a Tesla showroom in Menlo Park, Calif. (AP Picture/Paul Sakuma, report)
FILE – On this March 26, 2009 report photograph, Tesla Motors CEO, Chairman and Product Architect Elon Musk speaks on the unveiling of the Tesla Style S all-electric 5-door sedan, in Hawthorne, Calif., Thursday, March 26, 2009. (AP Picture/Reed Saxon, Report)
On this July 21, 2009 photograph, displays Tesla CEO Elon Musk speaking concerning the lawsuit at Tesla headquarters in San Carlos, Calif., Tuesday, July 21, 2009. (AP Picture/Paul Sakuma)
On this Tuesday, July 21, 2009 photograph, Tesla CEO Elon Musk poses at Tesla headquarters in San Carlos, Calif. (AP Picture/Paul Sakuma)
President Barack Obama walks to take a look at the Flacon 9 release car with SpaceX CEO Elon Musk at Kennedy Area Heart Thursday, April 15, 2010.(AP Picture/Alex Brandon)
Calif. Gov., Arnold Schwarzenegger, proper, Toyota CEO Akio Toyoda, left, and Tesla CEO Elon Musk, heart, at Tesla headquarters in Palo Alto, Calif., Thursday, Might 20, 2010. Tesla and Toyota officers announce partnership. (AP Picture/Paul Sakuma)
Elon Musk, CEO of Tesla Motors, poses with a Tesla automotive in entrance of Nasdaq following the electrical automaker’s preliminary public providing, Tuesday, June, 29, 2010, in New York. The corporate plans to industry at the Nasdaq inventory alternate underneath the ticker “TSLA.” (AP Picture/Mark Lennihan)
Elon Musk, heart, CEO of Tesla Motors, raises his hand on the Nasdaq opening bell to have fun the electrical automaker’s preliminary public providing, Tuesday, June, 29, 2010 in New York. (AP Picture/Mark Lennihan)
Elon Musk, co-founder, leader government and product architect of Tesla Motors, poses on the premiere of the documentary movie “Revenge of the Electrical Automobile,” Friday, Oct. 21, 2011, at Tesla Motors in Los Angeles. The movie is director Chris Paine’s follow-up to his 2006 documentary, “Who Killed the Electrical Automobile?” (AP Picture/Chris Pizzello)
SpaceX CEO and Leader Clothier Elon Musk walks in a procession after handing over the graduation speech for Caltech graduates in Pasadena, Calif. Friday, June 15, 2012. (AP Picture/Damian Dovarganes)
SpaceX CEO Elon Musk offers the outlet keynote on the SXSW Interactive Pageant on Saturday, March 9, 2013 in Austin, Texas. (AP Picture/Jack Plunkett)
FILE – On this Might 29, 2014 report photograph, Elon Musk, CEO and CTO of SpaceX, introduces the SpaceX Dragon V2 spaceship on the SpaceX headquarters in Hawthorne, Calif. (AP Picture/Jae C. Hong, Report)
Elon Musk, CEO of Tesla Motors Inc., introduces the Style X automotive on the corporate’s headquarters Tuesday, Sept. 29, 2015, in Fremont, Calif. Musk stated the Style X units a brand new bar for car engineering, with distinctive options like rear falcon-wing doorways, which open upward, and a driving force’s door that opens on method and closes itself when the driving force is within. (AP Picture/Marcio Jose Sanchez)
Elon Musk, CEO & Leader Product Architect of Tesla Moters, attends the premiere of “Racing Extinction” all through the 2015 Sundance Movie Pageant on Saturday, Jan. 24, 2015, in Park Town, Utah. (Picture through Arthur Mola/Invision/AP)
SpaceX founder Elon Musk speaks all through the 67th Global Astronautical Congress in Guadalajara, Mexico, Tuesday, Sept. 27, 2016. In a receptive target market filled with house buffs, Musk stated he envisions 1,000 passenger ships flying en masse to Mars, ‘Battlestar Galactica’ taste. He calls it the Mars Colonial fleet, and he says it would develop into fact inside a century. Musk’s function is to determine a full-fledged town on Mars and thereby make people a multi-planetary species. (AP Picture/Refugio Ruiz)
President Donald Trump talks with Tesla and SpaceX CEO Elon Musk, heart, and White Area leader strategist Steve Bannon all through a gathering with industry leaders within the State Eating Room of the White Area in Washington, Friday, Feb. 3, 2017. (AP Picture/Evan Vucci)
Grimes, left, and Elon Musk attend The Metropolitan Museum of Artwork’s Gown Institute get advantages gala celebrating the outlet of the Heavenly Our bodies: Style and the Catholic Creativeness exhibition on Monday, Might 7, 2018, in New York. (Picture through Charles Sykes/Invision/AP)
SpaceX founder and leader government Elon Musk speaks after saying Eastern billionaire Yusaku Maezawa as the primary personal passenger on a commute across the moon, Monday, Sept. 17, 2018, in Hawthorne, Calif. (AP Picture/Chris Carlson)
Elon Musk, co-founder and leader government officer of Tesla Inc., speaks all through an unveiling tournament for the Uninteresting Co. Hawthorne check tunnel in Hawthorne, Calif., on Tuesday, Dec. 18, 2018. Musk has unveiled his underground transportation tunnel, permitting invited visitors to take one of the first rides ever at the tech entrepreneur’s technique to “soul-destroying visitors.” (Robyn Beck/Pool Picture by the use of AP)
Tesla CEO Elon Musk jokingly motions to kick ahead of introducing the Style Y at Tesla’s design studio Thursday, March 14, 2019, in Hawthorne, Calif. The Style Y could also be Tesla’s maximum necessary product but because it makes an attempt to extend into the mainstream and generate sufficient money to pay off huge money owed that threaten to topple the Palo Alto, Calif., corporate. (AP Picture/Jae C. Hong)
NASA Administrator Jim Bridenstine, left, talks with SpaceX leader engineer Elon Musk, 2nd from left, and NASA astronauts workforce Doug Hurley and Bob Behnken, proper, in entrance of the Team Dragon spacecraft, concerning the growth to fly astronauts to and from the Global Area Station, from American soil, as a part of the company’s business workforce program at SpaceX headquarters, in Hawthorne, Calif., Thursday, Oct. 10, 2019. (AP Picture/Alex Gallardo)
Tesla CEO Elon Musk introduces the Cybertruck at Tesla’s design studio Thursday, Nov. 21, 2019, in Hawthorne, Calif. Musk is taking at the workhorse heavy pickup truck marketplace along with his newest electrical car. (AP Picture/Ringo H.W. Chiu)
Elon Musk, founder, CEO, and leader engineer/dressmaker of SpaceX speaks all through a information convention after a Falcon 9 SpaceX rocket check flight to reveal the pill’s emergency break out machine on the Kennedy Area Heart in Cape Canaveral, Fla., Sunday, Jan. 19, 2020. (AP Picture/John Raoux)
Tesla and SpaceX Leader Government Officer Elon Musk speaks all through a spherical desk dialogue with President Donald Trump at Kennedy Area Heart, Wednesday, Might 27, 2020, in Cape Canaveral, Fla. (AP Picture/Evan Vucci)
Tesla and SpaceX Leader Government Officer Elon Musk jumps within the air as other people applaud all through an tournament on the Car Meeting Development on Saturday, Might 23, 2020, at NASA’s Kennedy Area Heart in Cape Canaveral, Fla. The development came about after a rocket send designed and constructed through SpaceX lifted off on Saturday with two American citizens on a history-making flight to the Global Area Station. NASA Administrator Jim Bridenstine seems to be on at left. (AP Picture/Alex Brandon)
SpaceX proprietor and Tesla CEO Elon Musk arrives at the pink carpet for the Axel Springer media award, in Berlin, Germany, Tuesday, Dec. 1, 2020. (Hannibal Hanschke/Pool by the use of AP)
Elon Musk walks from the justice heart in Wilmington, Del., Monday, July 12, 2021. Musk took to a witness stand Monday to shield his corporate’s 2016 acquisition of a afflicted corporate referred to as SolarCity in opposition to a shareholder lawsuit that says he is guilty for a deal that used to be rife with conflicts of hobby and not delivered the income he had promised. (AP Picture/Matt Rourke)
Elon Musk, Tesla CEO, attends the outlet of the Tesla manufacturing facility Berlin Brandenburg in Gruenheide, Germany, Tuesday, March 22, 2022. The primary Eu manufacturing facility in Gruenheide, designed for 500,000 automobiles in step with yr, is a very powerful pillar of Tesla’s long term technique. (Patrick Pleul/Pool by the use of AP)
Elon Musk and Twitter: A timeline
January 31: Musk starts increase his Twitter stake
Musk begins quietly purchasing up Twitter stocks, construction his stake within the corporate. However it could be months ahead of he disclosed this reality to the general public.
March 14: Musk’s Twitter stake tops 5%
Musk’s stake in Twitter tops 5%, however that reality isn’t disclosed till the next month. Musk used to be obligated to divulge his stake inside 10 days of crossing the 5% threshold, however waited 21 days to take action. All through that point, he persevered increase his stake.
March 24: Asking whether or not Twitter will have to trade
The billionaire starts to make pointed statements concerning the platform from his account. “Twitter set of rules will have to be open supply,” he wrote, with a ballot for customers to vote “sure” or “no.”
The next day to come, Musk tweets out any other ballot to his fans: “Loose speech is very important to a functioning democracy. Do you imagine Twitter carefully adheres to this concept?”
March 26: Musk reaches out to Jack Dorsey
Musk reaches out to Twitter cofounder and previous CEO Jack Dorsey to “speak about the long run path of social media,” consistent with an organization submitting later put out through the corporate. The 2 tech founders are recognized to have a little bit of a billionaire bromance off and on Twitter.
April 3: Twitter management meets to talk about Musk
Twitter’s board and a few of its management group meet with representatives from Wilson Sonsini, a regulation company, and J.P. Morgan to talk about the potential of Musk becoming a member of the corporate’s board, in accordance a later securities submitting. Dorsey is alleged to have advised the board that “he and Mr. Musk have been pals,” consistent with the submitting.
Within the assembly, the Twitter board mentioned in need of Musk to conform to “‘standstill’ provisions”,” consistent with the submitting. This might successfully “prohibit his public statements relating to Twitter, together with the making of unsolicited public proposals to procure Twitter (however now not personal proposals) with out the prior consent of the Twitter Board.”
April 4: Wonder! Musk turns into Twitter’s biggest shareholder
Musk is published to be Twitter’s biggest particular person shareholder, with a greater than 9% stake within the corporate.
Information of the acquisition sends stocks of the social media corporate hovering greater than 20% in early buying and selling and kicks off a wave of hypothesis about how Musk may push for adjustments at the platform.
April 5: Musk consents to sign up for the board
Twitter CEO Parag Agrawal declares Musk will sign up for Twitter’s board of administrators. “Via conversations with Elon in fresh weeks, it changed into transparent to us that he would carry nice price to our Board,” Agrawal says in a publish on Twitter.
As a part of the appointment, Musk consents to not gain greater than 14.9% of the corporate’s stocks whilst he stays at the board. His time period at the board is ready to head via 2024, consistent with a regulatory submitting.
April 10: Simply kidding. Musk ditches the board
Agrawal declares that Musk has determined now not to sign up for the board in any case. “I imagine that is for the most efficient,” Agrawal writes in a letter to the Twitter group.
The reversal opens the door for Musk to pursue a better stake within the corporate — and frees him to tweet his many ideas concerning the corporate.
April 14: Musk gives to shop for Twitter and ‘liberate’ its attainable
Musk stuns the trade through making an be offering to procure the entire stocks in Twitter he does now not personal at a valuation of $41.4 billion. The money be offering represents a 38% top rate over the corporate’s remaining value on April 1, the closing buying and selling day ahead of Musk disclosed that he had develop into the corporate’s greatest shareholder.
“I invested in Twitter as I imagine in its attainable to be the platform without spending a dime speech world wide, and I imagine loose speech is a societal crucial for a functioning democracy. On the other hand, since making my funding I now notice the corporate will neither thrive nor serve this societal crucial in its present shape. Twitter must be reworked as a personal corporate,” Musk writes in his be offering letter. “Twitter has odd attainable. I will be able to liberate it.”
April 15: The poison tablet
Twitter’s board of administrators adopts a “poison tablet” provision, a limited-term shareholder rights plan that doubtlessly makes it tougher for Musk to procure the corporate.
April 21: Musk strains up $46.5 billion in financing
Musk strains up $46.5 billion in financing for the deal, together with two debt dedication letters from Morgan Stanley and different unnamed monetary establishments and one fairness dedication letter from himself, consistent with a regulatory submitting.
The billionaire additionally unearths that he has now not won a proper reaction from Twitter every week after his acquisition be offering. He stated he’s “in the hunt for to barter” a undeniable acquisition settlement and “is ready to start out such negotiations instantly” — an obvious reversal from his observation in his acquisition be offering letter that it could be his “absolute best and ultimate” be offering.
Even supposing he’s the richest particular person on the earth, a lot of Musk’s wealth is tied up in Tesla inventory, and a few fans of the corporate speculate that it might be difficult for Musk to lift debt in opposition to the traditionally unstable inventory.
April 25: Twitter consents to promote itself to Elon Musk
Twitter declares that it has agreed to promote itself to Musk in a deal valued at round $44 billion. At a convention later within the day, Musk describes his be offering to shop for Twitter in characteristically sweeping phrases as being about “the way forward for civilization,” now not simply making a living.
At an all-hands assembly that afternoon, Twitter staff carry questions on the entirety from what the deal would imply for his or her reimbursement as to whether former US President Donald Trump can be let again at the platform.
April 29: Musk cashes out billions in Tesla inventory
Filings disclose Musk bought $8.5 billion of his Tesla inventory within the 3 days after Twitter board agreed to the sale for a median of $883.09 in step with proportion. The filings didn’t divulge the cause of the sale, however Musk seemed to be elevating finances to shop for Twitter.
Might 4: With a bit assist from his billionaire pals
Musk raises any other $7 billion in financing for the deal. The brand new traders come with Oracle founder Larry Ellison, cryptocurrency platform Binance and undertaking capital company Sequoia Capital, consistent with a submitting.
Might 10: Musk says he would reinstate Trump’s account
Musk confirms what many have assumed for weeks: he would opposite Twitter’s Trump ban if his deal to shop for the corporate is done.
“I do assume it used to be now not right kind to prohibit Donald Trump, I feel that used to be a mistake,” Musk stated. “I might opposite the perma-ban. … Banning Trump from Twitter did not finish Trump’s voice, it’s going to magnify it a few of the proper and because of this it is morally mistaken and flat out silly.”
Might 6: Musk’s lofty targets for Twitter, published
Musk objectives to extend Twitter’s annual income to $26.4 billion through 2028, up from $5 billion closing yr, consistent with a New York Instances document, mentioning Musk’s pitch deck introduced to traders. To reach that lofty function, Musk intends to strengthen Twitter’s subscription income and building up a bills industry whilst lowering the corporate’s reliance on promoting gross sales, consistent with the document.
Might 12: A partial hiring freeze and government departures
Twitter confirms to CNN Industry that the platform is pausing maximum hiring and backfills, except for for “industry vital” roles, and pulling again on different non-labor prices forward of the purchase. As well as, Twitter says normal supervisor of shopper, Kayvon Beykpour, and income product lead, Bruce Falck, are leaving the corporate.
Might 13: Twitter deal ‘briefly on grasp’
Musk tweets that the deal is on grasp, linking to a Reuters document from just about two weeks previous, about Twitter’s most up-to-date disclosure about its quantity of junk mail and pretend accounts. The determine cited within the document, then again, is in keeping with prior quarterly disclosures.
“Twitter deal briefly on grasp pending main points supporting calculation that junk mail/pretend accounts do certainly constitute not up to 5% of customers,” Musk tweeted.
Stocks of the social media website online plummet after Musk’s announcement, shedding greater than 10% at marketplace open. Two hours after saying the grasp, Musk says he stays set on buying Twitter. “Nonetheless dedicated to acquisition,” he wrote.
Later within the day, Musk says his group is trying out Twitter’s numbers and “picked 100 because the pattern dimension quantity, as a result of that’s what Twitter makes use of to calculate <5% pretend/junk mail/replica.”
Might 14: Oops. NDA issues?
Musk tweets out that Twitter’s prison group accused him of breaking a nondisclosure settlement when the billionaire published the platform’s pattern dimension for computerized person tests is allegedly simply 100 customers.
“Twitter prison simply referred to as to bitch that I violated their NDA through revealing the bot take a look at pattern dimension is 100! This in truth came about,” wrote Musk.
Might 16: Poop emoji
The standoff over bot accounts continues as Musk exchanges a sequence of tweets with Agrawal over the problem. After Agrawal in moderation explains how Twitter makes an attempt to struggle and measure junk mail accounts, Musk responds with a poop emoji.
Musk follows up with a reasonably extra considerate query. “So how do advertisers know what they are getting for his or her cash?” Musk requested. “That is basic to the monetary well being of Twitter,” he added.
Might 17: Musk says Twitter deal ‘can not transfer ahead.’ Twitter disagrees
Musk declares that his acquisition of Twitter “can not transfer ahead” till he sees extra details about the superiority of junk mail accounts, claiming that the social media platform falsified numbers in filings. With out mentioning a supply, he claims in a tweet that Twitter is “20% pretend/junk mail accounts” and suggests Twitter’s earlier filings with the SEC have been deceptive.
Later within the day, Musk posts a ballot to his Twitter fans: “Twitter claims that >95% of day by day energetic customers are actual, distinctive people. Does somebody have that have?” ahead of calling at the SEC to guage the platform’s numbers. “Hi @SECGov, somebody house?” Musk tweets, in an obvious try to get the regulator to seem into the subject.
In a observation, Twitter says it stays “dedicated to finishing the transaction at the agreed value and phrases as promptly as practicable.” Later, the corporate says it intends to “put into effect the merger settlement.”
