What Twitter going private really means, NFL Draft recap: 5 Things podcast

On today’s episode of the 5 Things podcast: Taking Twitter private

What does Elon Musk’s plan to make Twitter private mean? Reporter Celina Tebor breaks it down. Plus, Russia attacks Kyiv during a U.N. visit, supply chain issues could creep back up this fall, the NFL Draft rolls on and the New Orleans Jazz Fest returns.

Podcasts:True crime, in-depth interviews and more USA TODAY podcasts right here.

Hit play on the player above to hear the podcast and follow along with the transcript below. This transcript was automatically generated, and then edited for clarity in its current form. There may be some differences between the audio and the text.

Taylor Wilson:

Good morning. I’m Taylor Wilson and this is 5 Things you need to know Friday, the 29th of April 2022. Today, what does it mean for Twitter to go private? Plus, Biden wants more aid to Ukraine and more.

Here are some of the top headlines: 

  1. Inflation has hit a new record high for the 19 countries that use the euro. Annual inflation hit 7.5% for April in the Eurozone, the highest since stats started in 1997 and the sixth record in a row.
    A Colorado prison inmate is the first person in the US to test positive with the current strain of avian flu. The man had direct exposure to infected poultry.
    And James Corden is leaving The Late Late Show. He’s hosted the CBS talk show since 2015 and will leave next year.

Elon Musk plans to make Twitter a private company after his $44 billion deal to buy the social media platform. But what exactly does that mean? Reporter Celina Tebor has more.

Celina Tebor:

Basically, Elon Musk has plans to make Twitter a private company after his $44 billion deal to buy the social media platform. It’s hard to say if anything or a lot of things will change for the average user. But, if he takes the company private, that basically means that he will have a lot more flexibility to be able to make changes in the company. When a company is public, you’re kind of beholden to your shareholders and to the public in general. So if you make a change to your company that is unpopular or people don’t like what you’re doing, then your stock might go down and that can be really volatile and be very distracting. It forces a company to make decisions that are focused more on the short term to try to get their stock up rather than maybe a decision that wouldn’t be popular in a moment but could be better in the long term and make the company more valuable.

Source: GANNETT Syndication Service

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