Elon Musk Acquires Twitter for $44 Billion

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Curated by Laura McDermott

After two tumultuous weeks, Twitter accepted Musk’s $44bln offer - leaving the world wondering, what does the future hold for the platform?

  • A little less than two weeks ago, Elon Musk put forward his highly anticipated bid to acquire Twitter. He has described himself as a free speech absolutist - a potential motive for the bid.
  • Musk believes that Twitter has “tremendous potential”, which he has the ability to unlock. He has already called for changes including relaxing content restrictions and eradicating fake accounts.
  • Musk is the richest man on the planet and he now privately owns one of the biggest social networks. Little is known about his plans for Twitter: will he be a part time CEO or will he fully commit?
  • Twitter is a highly politicized arena - will the move permit Musk, an unelected official, too much influence? He now has total control over the public square of the 21st century.
  • Critics of Musk have contested his so-called “free speech absolutism”; reports of employees being fired for speaking out against company issues at Tesla and SpaceX, are not isolated.
  • The question of what else Musk could have done with the money has also been floated: he could have solved world hunger 7 times over or supported a failing media company.
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5 articles on this topic

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