After all the speculation and bargaining, Elon Musk finally made it. Yes, he bought the Twitter. The billionaire technology entrepreneur has bought this popular social media platform by investing $44 billion, promising to strengthen personal privacy issues, make Twitter more liberal, open and transparent.
Meanwhile, Twitter CEO Parag Agarwal has sent an email to all the employees of the company. The whole thing was done on Monday 25th April.
Elon Musk’s Twitter purchase has been under discussion for a long time. About a month ago, Musk expressed his interest in launching a social media platform. Although at the time he did not comment on the purchase of Twitter. Instead, he criticized Twitter.
According to the BBC, Elon Musk recently bought a 9.2% stake in Twitter. From then on, there was a rumor that he would buy the whole Twitter. This time the rumor has come true. Earlier, Mask’s board of directors rejected an offer to buy full ownership of Twitter.
Meanwhile, on the news of the sale of Twitter, the share price of the company has already increased by 4 percent and reached 50.62 dollars. However, Elon Musk wanted to pay $54.20 per share.
However, the Twitter authorities took a counter-action called ‘Poison Pill’ to stop the sale to Elon Musk, so that the price of the company could go up further. But in the end, it is known that they have moved away from that position.
There was a rumor that Mask doesn’t have enough cash to buy Twitter. However, according to The Independent, the world’s richest person has already raised enough money to buy Twitter. Regarding the sale, Twitter CEO Parag Agarwal said, “Twitter is accepted all over the world.” I am proud of our team.
The chairman of the board, Brett Taylor, an independent on Twitter, said the decision was made after examining Elon Musk’s proposal. They think Twitter’s stakeholders will have a chance to do better.
Elon Musk has not yet said in detail what the big changes will be in the future. However, his words indicate that there may be a big change in content moderation. The change may have started from freedom of speech. Experts think so.
This idea is further strengthened, according to a tweet from Elon Mask. There he tweeted with a screenshot. Where only freedom of speech has been talked about. Mask posted only ‘yes’ with that image.
