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On February 25, Apple’s official Weibo account announced that the official Apple Developer Account is now officially launched. Apple will provide news, announcements and event updates for the Chinese developer community through this official account.The acting commissioner of the IRS announced his retirement on Tuesday local time.The Hang Seng Tech Index opened low and ended high, turning positive during the session. It fell by more than 4% at the opening in the morning. Auto stocks led the gains, with Li Auto (02015.HK) rising by more than 13%, Xpeng Motors (09868.HK) rising by more than 5%, and Sunny Optical Technology (02382.HK) rising by more than 4%.On February 25, Bank of America Securities published a research report pointing out that Standard Chartered Bank (02888.HK) had mixed performance in the fourth quarter, including the reclassification of US$147 million in deposit insurance, which was also recognized in net interest income, but will be reclassified as cost again from the fourth quarter of 2024. The bank said that based on the good performance of revenue in the fourth quarter of last year and the long-term high interest rate environment, the groups earnings per share forecast for 2025 to 2027 will be raised by 1% to 6%, and the net interest income forecast for 2025 to 2027 will be raised by 8% to 9%. The bank said that it would raise its target price from HK$99.35 to HK$112, and reiterate its rating as underperforming the market.The main contract of the Container Shipping Index (European Line) narrowed its intraday decline to 0.67% and is now reported at 1,862 points, having previously fallen by more than 4.00%.

Twitter Accepts Elon Musk’s $44B Buyout; Elon Becomes Sole Owner

Cory Russell

Apr 26, 2022 09:53

Elon Musk paid $44 billion for Twitter's platform.


Shareholders will get $54.20 for each share they own, representing a premium of 38 percent.

On the basis of the upgrade, Dogecoin has risen by 25.8%.


Twitter confirmed the news today in a press statement, stating that the social media site has accepted Elon Musk's offer and has been sold to him for $44 billion in cash.


This is one of the most important events in Twitter's history, since each of its owners gained at least a 38 percent return on their shares, despite the fact that the company had made no net profit in the previous year.

Twitter SOLD to Elon Musk!

According to the press release, the formal deal would revert Twitter to a privately owned firm, with Elon Musk as the only owner.


According to the terms of the deal, each TWTR stockholder will get $54.2 for each shares they own.

This is a 38 percent premium over Twitter's closing price on April 1, the final trading day before Elon declared his 9 percent interest in the firm.


Elon's commitment to free expression reached a pinnacle when he made a $44 billion offer to acquire the whole firm. As a shareholder and member of the board, he was unable to make any significant changes to Twitter's policies.


After suffering shareholder pressure, Twitter eventually accepted the offer, despite initial reservations.


"Free expression is the backbone of a healthy democracy, and Twitter is the digital town square where things crucial to the future of mankind are argued," said Elon Musk, the new owner of Twitter. I also want to make Twitter better than it has ever been by adding new features, opening up the algorithms to boost trust, combating spam bots, and authenticating all people. Twitter has enormous potential, and I'm excited to work with the business and the Twitter community to realize it."


The sale, which is expected to be completed shortly, has no specific terms and conditions, and further information about the company's operations has yet to be released.

Musk Hosts a Dogecoin Party

DOGE joined the excitement as the DOGEfather became the owner of Twitter, his most powerful influence in the crypto realm, and rose by a massive 23.65% in the previous 24 hours.


Elon was having a talk about Dogecoin's future with the meme coin's inventor, Billy Markus, alias Shibetoshi Nakamoto, earlier today, according to FXEmpire, which helped to the surge.


However, now that Twitter is in Musk's hands, Dogecoin will experience more bullishness than it has ever seen before, sooner or later.

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