BAKKACIMA BLOG

  The exact words of Elon Musk below: “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." Tesla CEO offered $54.20 per share, this was made known in a regulatory filing on the 14th of April, and the stake represents a 38% premium to Twitter’s April 1 close. $14.39 billion was the total money Elon Musk offered to pay to ac...

  Donald Trump was back on social media shortly after returning from the hospital, downplaying the severity of the coronavirus.  “Flu season is coming up!” read the post published to the president’s Facebook page on Tuesday morning. “Many people every year, sometimes over 100,000, and despite the Vaccine, die from the Flu. Are we going to close down our Country? No, we have learned to live with it, just like we are learning to live with Covid, in most populations far less lethal!!!” This is not true. Yes, people still die from the flu. The CDC reported at least 24,000 people in the U.S. died from the flu during the entire 2019-2020 season, which is in line with numbers in previous years.  The United States have recorded more than 210,000 deaths from COVID-19 in just six months. Without quarantining and social distancing, those numbers would undoubtedly be much higher. Also, as Trump mentioned, there’s no vaccine, like there is for the flu. “We remove incorrect i...