Elon Musk officially buys Twitter for $44 billion

As expected, on Monday, Elon Musk bought Twitter for $44 billion. This gave the richest man in the world control of one of its most influential social networks, which serves as a platform for political leaders, for experts from various industries and as a source of information for millions of ordinary users.

Under the terms of the deal, Twitter will become a private company, and shareholders will receive $54.20 per share. Ownership of Twitter, observers believe, will give Musk a new level of power over important social and political issues.


Freedom of speech is the foundation of a functioning democracy, and Twitter is a digital town square where issues vital to humanity’s future are discussed. I also want to make Twitter better than ever by adding new features to the product, making algorithms open to increase trust, defeating spam bots, and authenticating all people. Twitter has enormous potential – I look forward to working with the company and the user community to unlock it.


Elon Musk

He also hopes that even his most ardent critics stay on Twitter, because that’s what free speech is all about.

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