Elon Musk Buys Twitter At Breathtaking Price, Tough Questions Spring Up
- Jack Dorsey is no longer the owner of Twitter after a recent deal was signed with Elon Musk, the CEO of Tesla Motors
- The South African billionaire is said to have bought the social media platform at the cost of $44 billion
- Musk has said that his major goal for the platform is to use it to promote free speech which he believes is the bedrock of a functioning democracy
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Chief Executive Officer of Tesla Motors, Elon Musk, is set to take over Twitter having bought the social media platform at the cost of $44 billion.
According to Bloomberg, Musk used one of the biggest leveraged buyout deals in history to make the platform private.
For Musk, the major aim is to make the platform even better by promoting free speech which, according to him, is the bedrock of a functioning democracy.
Source: Facebook
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He tweeted on Monday, April 25:
"I hope that even my worst critics remain on Twitter because that is what free speech means."
But a lot of questions are being raised about the way forward for the 16-year-old microblogging site formerly owned by Jack Dorsey.
One of the questions is about what the South African billionaire will do to check and possibly eliminate hate speech on the platform.
There is also uncertainty as to whether the new owner of Twitter will reinstate former President Donald Trump's account which was shut down as one of the fallouts of the Capitol Hill invasion of January 6, 2021.
Jeff Bezos hints at China takeover of Twitter after Elon Musk’s acquisition
The recent acquisition of Twitter by the world’s richest man did not go down well with the world’s second-richest person, Jeff Bezos who hinted that Musk’s acquisition of the company may just give China the needed leverage over the social media platform.
Musk completed the acquisition of Twitter for a record $44 billion on Monday, April 24, 2022, after weeks of scheming following his 9.2 percent stake in the company and refusing to join the board.
The Amazon billionaire tweeted late Monday hinting that China may gain influence over the microblogging site once the Tesla CEO takes over.
Source: Legit.ng
