I'm glad I have told you about the $44 billion dollar deal that didn't go through. Actually I muted that without the name of the company. Today I'm happy to tell you the developments. The deal was an offer made by Musk to the silicon valley social media giant Twitter. It started out twitter's offer for musk to join the board. He was given a red carpet welcome. Musk came forward with another idea to takeover the social media company. To that he made a final offer of $44 billions which twitter without hesitating for a moment accepted. For days that was trending. The stock prices shot up. In the background musk wished to finalise the offer so he asked for some inputs. Twitter gave him the numbers, elon didn't accept it and according to him that varied a huge difference between his expectations and the numbers twitter had given. Elon backed away. This jolted the company in the stock market. On the other hand his Tesla organization stock prices began performing better after he backed out with differences in the numbers. Twitter was looking to bridge the gaps. Finally twitter approached the court for redressal. Now elon is challenging twitter for the correct numbers. He said the earlier offer what he made would be valid if he gets everything cleared meaning he wanted openness from the company on the part of the company. The case is coming up ahead of October trial. Today this is the much talked topic on the internet. We'll have to wait how in the coming days this will catch steam. Already with news getting hot the stock price of twitter has dramatically gone up.
In the world of banking, a mint is not a place where coins are made, but rather a term used to describe a financial institution that has been granted permission by a central bank to issue banknotes. This role is also known as a note-issuing bank or a currency board. The concept of a mint in banking is rooted in the history of currency. In the past, coins were minted by governments or private entities, and they served as a means of payment and a store of value. However, as economies grew and trade expanded, the demand for larger denominations of currency increased. This led to the development of banknotes, which were issued by private banks as a way to facilitate transactions and provide a convenient alternative to coins. As the use of banknotes grew, governments became concerned about the potential for inflation and the impact of private banknote issuance on the overall stability of the economy. In response, central banks were established to regulate the issuance of banknotes and ensur...
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