Elon’s Twitter TAKEOVER!! Will It Succeed? What You Need To Know!!

When elon musk announced his plans to Purchase twitter many people believed That twitter wouldn’t possibly accept The deal Now that twitter has accepted the deal Many people believe that the deal can’t Possibly go through and the pushback Against this prospect from some entities Has been unprecedented That’s why today i’m going to give you The background about elon’s plans to Purchase twitter why he’s doing it Whether he might succeed and what it Could mean for not just crypto but the Internet itself [Music] Okay so before we talk about the little Bluebird there’s something that needs to Be heard i am not a financial advisor so I can’t help you earn i’m an entertainer And educator who can help you learn Please contact a financial advisor if Your portfolio is submerged if this is The first time you watch a video from The coin bureau my name is guy and this Channel is ground zero for crypto It also contains some of the highest Quality macro content that will help you Grow no matter how much or how little You already know Coins tokens news and reviews are just a Few topics you’ll see on this show So if this is the kind of stuff you want To see on your youtube home subscribing

To the channel and pinging that Notification bell is the way to go Okay that’s it for the intro poetry fans It’s time to lift the lid on elon musk’s Plans If you’re somehow unfamiliar with elon Musk and twitter here’s what you need to Know Elon musk is The ceo of tesla which builds electric Cars the founder and ceo of spacex which Builds rockets for space exploration the Founder of the boring company which Builds underground tunnels to optimize Traffic in urban areas the co-founder of Neuralink which is working to implant Computer chips into people’s brains and The co-founder of openai a company that Researches artificial intelligence Where he finds the time to be the World’s most famous tweeter is beyond me Maybe he’s managed to clone himself too Now elon even co-founded a software Company with his brother in the late 1990s which they sold for 300 million Dollars and founded a payments company That merged with another payments Company to become paypal which was then Sold to ebay in 2002 for 1.5 billion 175 million of which went to elon Not bad for starters Elon is now the richest person in the World with a net worth of well over 200 Billion dollars 60 billion more than

Louis vuitton’s founder and ceo bernard Arno who’s in second What’s interesting is that almost all of Elon’s net worth comes from his holdings Of tesla stock and spacex shares Elon holds 17 of tesla’s total stock and Holds around 48 of spacex Tesla’s market cap is 670 billion and Spacex’s valuation is reportedly 100 Billion dollars hence elon’s 200 billion Net worth What’s crazy is that elon sold all seven Of his homes earlier this year as part Of his plan to minimize how many Possessions he owns wait it gets better This means elon is technically homeless And he’s mentioned in interviews that he Sleeps in the spare rooms of his Friend’s homes Elon claims his only remaining Possession is his private jet which he Uses to get around and only keeps Because it’s faster than any alternative Means of transportation and therefore Gives him more time to work You’ll own nothing except for a private Jet and be happy Now as many of you will know elon is a Fan of cryptocurrency he personally Holds bitcoin ethereum and dogecoin and Tesla added 1.5 billion dollars of btc To its corporate balance sheet early Last year Tesla has since come to accept dogecoin

As a payment method for its merchandise With spacex expected to follow suit As many of you will also know tesla was Going to accept btc as payment 2 but Backed out in may last year on the Grounds the bitcoin mining was bad for The climate this caused institutions to Look at btc through an esg lens which Coupled with china cracking down on Mining resulted in last year’s crash More about esg and cryptocurrency In the description Now elon has since stated that tesla Will accept btc again once most of Bitcoin mining is being done with Renewable energy and it looks like we’re Getting close so keep your eyes out for That white swan Now as for twitter it’s a popular social Media platform which claims to have Around 330 million monthly users and has 200 million daily users according to Statista Twitter was founded in 2006 by four Blokes but the only one you need to know About for the purposes of this video is Jack dorsey Jack served as the ceo of twitter until 2008 when he became chairman of Twitter’s board after it went public Jack became twitter ceo again in 2015 But stepped down in november last year And stepped down from twitter’s board in May this year

It’s generally believed that jack left Twitter to focus on his second company Square inc a payments company that Rebranded to block inc late last year to Highlight the company’s shift in focus From traditional payments to Cryptocurrency Now it’s possible that jack was ousted As the ceo of twitter by its board of Directors precisely because jack had Become so focused on cryptocurrency Though obviously there’s no way of Confirming this The only real circumstantial evidence is That twitter stock jumped on the news of Jack’s departure It’s also generally believed that jack Is the person who convinced elon that Bitcoin can be environmentally friendly And the b-word event discussion jack set Up for elon and other institutional Investors last summer coincidentally Caused the crypto market to recover and Later rally to new highs More recently tesla partnered with block Inc and bitcoin company blockstream to Mine btc using solar power in the great Crypto state of texas And speaking of which if you want to get The facts about bitcoin’s energy use and Carbon emissions you can check out our Video about that using the link in the Description Anyways elon’s plan to purchase twitter

Seems to have its roots in two things The unprecedented restrictions that were Imposed by almost every government in Response to the pandemic and the Sanctions levied against russia in Response to its invasion of ukraine as Some of you will know elon was vocally Opposed to pandemic restrictions from The start and went as far as relocating Tesla’s headquarters from california to Texas last year after californian Authorities forced tesla’s factory to Shut down in compliance with the state’s Lockdowns As some of you will also know shortly After the pandemic began social media Platforms began labeling certain claims Articles scientific studies and Sometimes even official government data As quote misinformation Naturally elon’s own comments were Subject to these so-called fact checks In january this year elon was vocally Supportive of the protests against Pandemic restrictions in canada which Ended with many protesters being Arrested and the bank accounts of many Protesters and even supporters of the Protests being frozen by government Decree That’s why it’s nice to have btc When russia invaded ukraine in february This year elon responded by telling Spacex to immediately ship thousands of

Starlink devices to the country so that Ukrainian soldiers and citizens could Have access to the internet for their Operations Amazingly the starlink devices arrived Less than four days later By early march governments around the World had levied unprecedented sanctions Against russia it didn’t take long for Them to begin to demand that starlink Begin blocking russian news sources Elon responded with quote we will not do So unless at gunpoint sorry to be a free Speech absolutist What’s scary is that in the same tweet Elon specified the demands to block Russian news sources were not even Coming from the ukrainian government but From other unspecified governments talk About an information war at the same Time social media platforms took a page From the pandemic playbook by labeling Certain claims articles historical Studies and sometimes even official Government statements as russian Misinformation disinformation or Propaganda Facebook and instagram even went as far As changing their content policies to Allow for calls for violence against Russians which is truly unprecedented These and other events are ultimately Why elon pushed a now famous poll on Twitter at the end of march which stated

Quote free speech is essential to a Functioning democracy do you believe Twitter rigorously adheres to this Principle As you can see over 70 percent of people Voted no Before the poll ended elon emphasized in A reply that quote the consequences of This poll will be important please vote Carefully Once the poll had concluded elon Admitted that he was considering Building his own social media platform That would prioritize free speech What many people didn’t know was that Elon had already begun accumulating Twitter shares in the weeks before the Poll According to sources he surpassed the Five percent ownership mark on march the 14th sneaky chap Anywho in early april sec filings Revealed that elon had purchased 9.2 Percent of twitter’s total shares making Him the largest shareholder next to Asset managers like blackrock vanguard And morgan stanley more about blackrock In the description i digress Current twitter ceo parag agrawal Subsequently announced that elon had Been appointed to twitter’s board of Directors Just five days later however parag Announced that elon would not be joining

Twitter’s board after all leading to Lots of theories as to what elon’s end Game really was Just four days after parag’s second Announcement elon revealed his end game Via an sec filing and that was to Outright acquire twitter now i’ll read The offer in its entirety because it’s Seriously epic so quote I invested in twitter as i believe in Its potential to be the platform for Free speech around the globe and i Believe free speech is a societal Imperative for a functioning democracy However since making my investment i now Realize the company will neither thrive Nor serve this societal imperative in Its current form Twitter needs to be transformed as a Private company as a result i am Offering to buy 100 of twitter for 54.20 per share in cash a 54 premium Over the day before i began investing in Twitter and a 38 premium over the day Before my investment was publicly Announced My offer is my best and final offer and If it is not accepted i would need to Reconsider my position as a shareholder Twitter has extraordinary potential i Will unlock it Now for those like me whose maths is Terrible elon’s offer amounted to 44 Billion dollars and in case you missed

That last part elon basically said that He will dump his twitter stock if Twitter didn’t accept his acquisition Offer which is pretty intense to say the Least Twitter initially resisted and went as Far as taking the poison pill This means that twitter gave itself the Power to create new shares out of thin Air if elon starts to buy This is to prevent elon from taking a Majority stake in the company but also Makes twitter stock unattractive to Investors hence poison pill in the days That followed however a series of events Transpired that called the legal Obligations of twitter’s board of Directors to twitter shareholders into Question namely the revelation that Twitter’s board members hold next to no Twitter shares themselves Not only that but twitter’s quarterly Earnings report was less than two weeks Away and many expected that it would be Significantly below investor Expectations and caused twitter’s stock To tank what’s funny is that twitter Stock had only been pumping in response To the news about elon’s acquisition Plans Realizing that elon had simultaneously Secured the 44 billion in funding and Successfully cornered the company Twitter’s board of directors unanimously

Voted to approve elon’s purchase on Monday the 25th of april just three days Before twitter’s quarterly earnings Which of course came in below Expectations what’s strange is that just A few hours later many twitter Personalities began reporting they had Experienced a massive spike in followers Leading to speculation that twitter’s Engineers had rushed to lift a Long-standing shadow ban on certain Individuals and topics Destroying the evidence so to speak Meanwhile the uk and eu started warning Elon that twitter must abide by their Laws or else and the united states went As far as establishing the quote Disinformation governance board or Ministry of truth which was paused three Weeks later because of all the bad press And good memes If that wasn’t revealing enough the eu Usa and 32 other non-eu countries also Announced a quote declaration for the Future of the internet and 26 non-profit Organizations signed an open letter Opposing elon’s twitter acquisition Leading elon to openly ask who all these Ngos are being funded by This unprecedented pushback also Inspired elon to troll by saying stuff Like he might die under mysterious Circumstances and that he will give Control of twitter to youtuber mr beast

If he does Elon also began tweeting about all the Political and corporate scandals that Had been memory hold The mainstream media memory holding Headlines is one of the reasons why our Weave was invented and you can find out How it is making it possible to store Information forever in a decentralized Manner using the link in the description And now back to twitter On the 13th of may the twitter party Came to a pause when elon announced that The twitter deal had been put on hold Until he could verify that only five Percent of twitter’s users were bot Accounts as per a filing made by the Company earlier that month Note that elon said he’s still committed To the acquisition A few days later tesla was suddenly Kicked out of the s p 500 esg index Which is insane given that tesla makes Electric vehicles and its motto is Literally quote accelerate the world Transition to sustainable energy Now elon was understandably pissed off And went on to call esg a scam and it’s Easy to see why If you watched our recent video about The world economic forum’s davos meeting You’ll know that the architects of esg Shrugged off elon’s esg frustrations Saying they’re sure that tesla scores

High on all the other ways esg is Measured This arguably confirms that tesla was Being targeted by the private sector Because of elon’s twitter acquisition And if you need more proof look no Founder than microsoft co-founder bill Gates’s multi-billion dollar tesla short Which elon slammed as contradicting Bill’s supposed climate concerns Earlier this month it was reported in Many places that elon was looking for Ways to exit the deal this is because a Letter from elon to twitter’s general Counsel claimed that twitter had not Kept its side of the bargain Specifically that twitter had refused to Disclose the details about its true user Count For context part of the acquisition deal Involves a one billion dollar fine for Whichever party fails to uphold their End of the deal and many mainstream Media outlets seem to imply that elon Was trying to weasel out of the deal to Get his hands on this money which given Elon’s record wealth is pretty Far-fetched now i imagine elon could Find a billion dollars down the back of The sofa if he owned a sofa that is Then last tuesday the texas attorney General threatened to take twitter to Court if it didn’t comply with elon’s Demand to see the data

The next day twitter said it would Provide elon with all the data he wants And more probably to slow him down and Though it’s possible that the pressure From texas played a role it’s more Likely that the scathing letter elon Sent to the sec on the monday was the Primary reason The more important wednesday development Was that twitter’s executives assured Employees that the deal was still going To go through that all the paperwork Will be done sometime this summer and That elon will be taking the reins at Twitter sometime this autumn or early Next year Twitter executives also noted that elon Might not allow them to work from home Once he takes the helm probably because Elon recently told tesla employees that If they want to work from home they can Find another job It’s safe to say that tesla is a very Different company to twitter but you Know whatever In any case if all the opposition elon Has been facing wasn’t enough the u.s Ministry of transportation recently Announced that it is investigating Tesla’s autopilot feature which could Result in over 800 000 tesla cars being Recalled But don’t worry i’m sure it has nothing To do with elon’s twitter acquisition i

Mean it’s not like most of the money Elon is using to buy twitter is coming From a loan he took against his tesla Stock which would see a big drop in Value if 800 000 tesla cars are in fact Recalled Hmm [Music] Now this brings me to the big question And that’s whether elon will succeed in His twitter takeover and what that could Mean for the internet itself and for Cryptocurrency too As things stand now it looks like elon’s Twitter acquisition will go through as Planned The only wild card is the one i just Mentioned tesla stock crashing to the Point that elon’s multi-billion dollar Loan is liquidated For what it’s worth it looks like elon Knows exactly what he’s doing There’s also no shortage of crypto Companies who are ready to help if need Be For example binance recently contributed 500 million dollars to elon’s twitter Acquisition as part of a bigger 7.2 Billion contribution by other companies Which include storied vc sequoia capital Which put in 800 million This is simply because elon has been Explicit about his intentions to Integrate crypto with twitter in several

Ways such as making it possible to pay For twitter’s subscription services with Dogecoin and making it possible to Transfer crypto and fiat between twitter Users Elon is also committed to fighting Crypto spam crypto scams and bots of all Kinds Many believe elon’s bot-busting Obsession is a part of why there’s been So much pushback from legacy Institutions many of them might be using Bots to push certain narratives which Wouldn’t be all that surprising elon’s Plans to weed out scams spam and bots Will also necessarily come with some Kind of identification system be it a Monthly subscription or even just a Unique phone number Some have suggested using a small amount Of crypto as collateral to prove the Existence of a unique identity Vitality butarian’s idea of having Non-transferable soul nfts could work Too more about that in the description Anyhow in the true spirit of crypto elon Will even open source twitter’s code for Anyone to analyze and notify users if And when their tweets are being Manipulated by twitter’s algorithms Assuming elon allows them to exist at All elon reckons this transparency will Keep twitter in check Now the most significant change to

Twitter however will be its focus on Free speech which has been completely Blown out of proportion by media pundits And politicians That’s because elon specified in a ted Talk interview in mid-april that twitter Will abide by whatever speech laws are Present in the countries it operates in In the united states almost all speech Is protected under the first amendment Save for obvious things like calls for Violence defamation copying someone Else’s work and obscene content that i Dare not describe here on youtube Now if you ask me this is the real Reason why legacy institutions are up in Arms about elon’s twitter acquisition Allowing the truth to flow freely will Do lots of damage to the illusions that Many of these legacy institutions have Established With the midterm elections coming up These legacy institutions are desperate To maintain their illusions at all costs Else they be voted out directly or Indirectly at the ballot box case in Point google search trends for fact Check explode every time there’s a u.s Election So in sum elon’s acquisition of twitter Could unironically change the world and There’s no doubt that he knows that The real question is how hard the Existing institutions will fight to

Maintain their illusions and what the Average person will do when the truth Comes to light It looks like we’re about to find out And by the way apparently all this was Made possible by jack dorsey himself so Be nice to him bitcoinmaxis are people Too after all And that’s all for today’s video about Elon’s twitter acquisition feel free to Share it with your friends and family if You feel it’s appropriate if you found It insightful feel free to smash that Like button and if you plan on watching My next feature feel free to smash that Subscribe button and ping that Notification bell if you haven’t already If you’re getting wrecked by the bear Market check out the coin bureau deals Page to see if there’s anything that Could help If you want videos that are more up to Date with daily crypto market moves Check out coin bureau clips If you want content that goes down Crypto rabbit holes and gives you the Details of the biggest coins and tokens Check out the coin bureau podcast If you want to find me you can follow me On twitter tik tok and instagram and if You want to know what i’m up to in real Time join my telegram I also have a weekly newsletter where i Reveal which cryptos i hold how i change

My portfolio and which topics i’ll be Tackling in upcoming videos I even have a merch store where you can Find cool crypto teas like these and More Make sure you get yours while supplies Last you can find links to all these Resources and more down in the Description so thank you all so much for Watching and i’ll see you in the next One my name is guy and you have been Watching the coin bureau [Music] You

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