Tesla CEO Elon Musk to buy Twitter for $44 billion

It was recently announced that Telsa CEO Elon Musk is set to buy Twitter for $44 billion.

Indeed, Twitter’s board of directors has unanimously accepted Musk’s offer on Monday after deliberate consideration of value, certainty, and financing. Only 10 days before, the board had adopted a plan to block Musk’s bid if he or someone else acquired 15% or more of the company’s common stock.  Musk has then lined up the financing for the deal with a $21 billion equity commitment and $25.5 billion in loans.

While the CEO has acquired one of the biggest social media platforms, it is fair to wonder what changes will be happening regarding content moderation policies and their impact on real-world events and global politics. Musk stated he wanted to add new features, make the algorithms open source to improve trust, and have more identity authentification.


Related Posts