Elon Musk Buys Twitter for $44 Billion, Will Privatize Company

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The outspoken Tesla CEO, who is also the world’s wealthiest person, has said he wanted to own and privatize Twitter because he thinks it’s not living up to its potential as a platform for free speech.

Musk said in a joint statement with Twitter that he wants to make the service “better than ever” with new features, such as getting rid of automated “spam bots” and making its algorithms open to the public to increase trust.

Twitter said the transaction was unanimously approved by its board of directors and is expected to close in 2022. Asked during a recent TED talk if there are any limits to his notion of “free speech,” Musk said Twitter or any forum is “obviously bound by the laws of the country that it operates in. So obviously there are some limitations on free speech in the US, and, of course, Twitter would have to abide by those rules.”

“Disinformation, misinformation and hate speech have NO PLACE on Twitter,” the civil rights organization said in a statement. “Do not allow 45 to return to the platform. Do not allow Twitter to become a petri dish for hate speech, or falsehoods that subvert our democracy.” Musk has battled with the Securities and Exchange Commission on multiple occasions, as he has used Twitter to taunt the regulators.

While Twitter’s user base of more than 200 million remains much smaller than those of rivals such as Facebook and TikTok, the service is popular with celebrities, world leaders, journalists and intellectuals. Musk himself is a prolific tweeter with a following that rivals several pop stars in the ranks of the most popular accounts.

 

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Elon Musk to buy Twitter for approximately $44B, company announcesBREAKING Elon Musk to buy Twitter for approximately $44 billion, company announces HELL YEA To the 1% who's reading this Stay safe,god bless you and have a wonderful day 💚 Shit
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Elon Musk buys Twitter for $44B and will privatize companyElon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the platform where he promotes his interests, attacks critics … When he blows it up faster than a SpaceX rocket and I can get off this hellsite 👍 Meh.
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