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Elon Musk Wants to Buy Twitter For $41 Billion

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Elon Musk Wants to Buy Twitter For $41 Billion


Elon Musk has offered to buy Twitter for about $41 billion in cash, according to an SEC filing.

Since its launch, the microblogging site is a powerful tool for journalists, media organizations, and celebrities looking to connect with and disseminate information to their audience directly.

Twitter is a globally recognised social media brand with 217 million daily active users posting 500 million tweets per day.

Musk’s offer price of $54.20 per share, which was disclosedin a regulatory filing on Thursday, represents a 38% premium to Twitter’s April 1 close, the last trading day before the Tesla (TSLA.O) CEO’s more than 9% stake in the company was made public.

The total deal value was calculated based on 763.58 million shares outstanding, according to Refinitiv data.

Around 23% of U.S. adults use Twitter.

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Twitter’s Revenues From 2012 to 2021

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Musk rejected an offer to join Twitter’s board earlier this week after disclosing his stake in the company, a move which analysts said signaled his intention to take over the company as a board seat would have limited his stake to just under 15%.

This year, the platform has been looking to turn attention away from politics and back on the product. 

We’ve seen more innovation from Twitter in the last few months than in previous years, and it seems like the platform has come out of the post-Trump era with a renewed sense of purpose and opportunity. 

Few platforms can boast being a daily habit for some of the world’s biggest celebrities, politicians, pop and culture icons, and media and entertainment powerhouses in the way that Twitter can.

See also  Twitter to test longed-for edit button

Elon Musk wants Twitter to give creators the opportunity to offer greater value to their followers. 



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TECHNOLOGY

VMware unveils vSphere+ and vSAN+ to simplify operations with Centralised Infrastructure Management

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VMware unveils vSphere+ and vSAN+ to simplify operations with Centralised Infrastructure Management


VMware has launched VMware vSphere+ and VMware vSAN+ to help organisations bring the benefits of the cloud to their existing on-premises infrastructure with no disruption to their workloads or hosts.

Introduced at VMworld 2021 as a technology preview known as Project Arctic, these new offerings will help customers enhance their infrastructure by providing centralised cloud-based infrastructure management, integrated Kubernetes, access to new hybrid cloud services, and a flexible subscription model.

Krish Prasad, senior vice president and general manager for VMware Cloud Platform Business, Cloud Infrastructure Business Group, VMware, said: “VMware vSphere+ and VMware vSAN+ represent the next major evolution of those foundational solutions that customers know and trust.

“Wherever customers are on their digital transformation journey and in executing their cloud strategy, vSphere+ and vSAN+ will help accelerate their transformation by bringing the benefits of cloud to their existing on-premises infrastructure and workloads, along with simplified consumption via a flexible subscription model.”

VMware vSphere+ and VMware vSAN+ are an integral part of the VMware Cloud strategy to deliver consistent infrastructure with value-added capabilities across distributed environments. vSphere+ and vSAN+ will enable customers to activate add-on hybrid cloud services that deliver on key use cases for business-critical applications running on-premises, including disaster recovery and ransomware protection. Customers of all sizes will be able to consume new capabilities, security and product updates at a much faster pace and vastly simplify their operations—without making changes to their existing applications or hardware.

“The transformation of on-premises infrastructure with cloud services is an emerging modernisation trend that IDC is seeing draw significant interest from enterprises,” said Gary Chen, IDC Research Director, Software Defined Compute. “By enabling the ubiquitous datacenter hypervisor with cloud services, users will be able to onboard innovative capabilities that can be delivered immediately and fully managed from the cloud to address a broad range of pain points such as management efficiency, scale out Kubernetes operations, and DR. The future possibilities of this delivery model, such as with vSphere+ and vSAN+, are endless and can be a key tool for enterprises to modernise existing infrastructure quickly with minimal burden.”

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Under pressure to improve efficiency and productivity, infrastructure operations teams are seeking more efficient ways to maintain and protect infrastructure to support increasingly larger and more complex environments. In many instances, customers’ vSphere environments are distributed across siloed locations, edge sites, and clouds leading to operational complexity and inefficient maintenance experience.

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vSphere+ and vSAN+ provide a unified infrastructure management experience for these distributed environments via the VMware Cloud Console. The console features global inventory, configuration, alerts, administration and security status for on-premises deployments. Admins will be able to perform certain operational tasks directly from the VMware Cloud Console such as managing configurations and policies across their deployments. Additionally, customers will benefit from a vastly simplified lifecycle management experience through cloud-enabled automation of updates of on-premises infrastructure components. Customers will also gain from cloud-based remediation and configuration drift capabilities, including security checks to maintain compliance with corporate and regulatory requirements.

Developer teams are focused on modernising their applications and infrastructure to deliver better software to production, faster. Providing a single workload platform for running VMs and containers orchestrated by Kubernetes, vSphere+ will help transform on-premises infrastructure into an enterprise-ready Kubernetes platform. This includes providing a multi-cloud IaaS consumption experience for developers by extending the capabilities of VMware Tanzu Standard Runtime to enable developers to run and manage Kubernetes at scale with consistency and efficiency across on-premises, public clouds, and edge. The inclusion of VMware Tanzu Mission Control Essentials will provide customers with global visibility across their entire Kubernetes footprint and automate operational tasks.

Modern organisations require integrated and expanded cloud services to consistently bolster their security posture, quickly recover from disasters and site outages, and better protect against ransomware. With vSphere+ and vSAN+, customers will continue to use their existing investments, including toolsets and domain expertise, while benefiting from the expanded capabilities of VMware Cloud. Customers will benefit from protection workflows available as add-on cloud services directly integrated into their operating environment including VMware Cloud Disaster Recovery, an on-demand ransomware and disaster recovery service. New add-on cloud services are under development and are expected to be delivered in the future providing customers with a streamlined path to the cloud, should they choose to migrate down the road.

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