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Elon Musk now owns Twitter, All of it sold in a deal worth $44 billion

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And it’s done. Elon Musk now owns Twitter

After acquiring the social media platform for $44 billion, Tesla and SpaceX CEO Elon Musk have pledged to keep it “free and open” to all. In a statement released shortly after the acquisition was finalized, Musk said that he plans on keeping Twitter’s core values intact while ensuring that it remains a safe and secure place for users to share their thoughts and ideas.

He also went on to say that he looks forward to using Twitter as a way of communicating directly with Tesla and SpaceX customers. This is likely good news for Twitter users, as Musk is known for being an active participant on the platform. With his vast knowledge in both business and technology, there’s no telling what changes he might bring to the social media giant.

So far, Musk has stated that he plans on keeping Twitter’s mission the same, but only time will tell what other changes he might have in store for the platform. Stay tuned to find out what the future of Twitter under Elon Musk’s ownership might hold.

Parag Agrawal (Twitter’s CEO) spoke out about the buyout saying, “Twitter is a purpose and relevance that impacts the whole world. We are proud of our team and feel inspired by the work that has never seemed more important.

Musk bought a 9.2 percent stake in Twitter earlier this month. He became the second-largest shareholder of the company after Vanguard, which held 10.3%. Parag Agrawal, the CEO of Twitter, offered Musk a place on the board. However, the billionaire declined. Since then, the Twitter-Elon tussle has continued.

Elon Musk wants to make significant improvements

Tesla CEO Elon Musk also claimed that Twitter suppresses free speech. This is something he said he would fix as Twitter’s owner.

Musk often spoke out about Twitter’s lack of freedom of speech. One of the first changes could be in content moderation.

We could see the edit button soon after Musk becomes the Twitter owner. Twitter confirmed that it is testing the edit button. The company stated earlier this month that it would first test the edit option among Twitter Blue subscribers, then release a stable version.

Musk expects to continue his active work in the removal of spam accounts and spambots. This is according to Musk, Twitter’s “most annoying thing”.

Source: India Today

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