Elon Musk Buys Twitter for $44 Billion & Announced Plans to Privatize the Company

Everyone had their eyes on Elon Musk after it was revealed that he bought a 9% stake in Twitter. The move was interesting to many because Musk has been very vocal about his concerns regarding the company’s moderation efforts. He had joked multiple times about buying the company and then fixing the issues to make sure that people got to experience real freedom of speech.

Although Twitter rejected claims of a complete buyout and showed no interest in such an offer at first, it seems Must has won the battle as he has finally bought the company for $44 Billion. Musk aims to privatize the company and take input from its users i.e. the common folks to make the platform better and an actual tool of debate that gives transparency and equal opportunity to all.

This acquisition has further given hope to conservatives that have voiced their opinion about being sidelined from the platform. Twitter had started a real crackdown on accounts and campaigns that were identified as threatening, maligning, fake news, and harassment. Many believe that this journey to Twitter’s acquisition started based on Musk’s personal experiences on Twitter and he had, on multiple occasions, sought out his followers’ opinions to find out if they also felt the same. After Jack Dorsey, ex-CEO of Twitter stepped down from his post in November last year, this acquisition may lead to some notable management and strategy changes in the coming months.