April 26- This is the one of the biggest deals on the tech world, Elon Musk acquires Twitter. The deal will see Elon Musk come into the social network for $44 billion with the shares valued at $54.20. Musk had announced this takeover bid on 14th April, calling it his “final and best offer”.
Musk said “Free sppech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated. I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it,” in a statement posted on his twitter account.
This action will shift control of the social media platform populated by millions of users and global leaders to the world’s richest person.
Twitter is an American microblogging and social networking service on which users post and interact with messages known as “tweets”, Registered users can post , like and retweets, but unregistered users can only read those that are publicly available.
Elon Reeve musk FRS is an entrepreneur, investor, media proprietor and business magnate. He is the founder, CEO, and Chief Engineer at Space X, early-stage investor, CEO and Product Architect of Tesla, Inc:, founder of the Boring Company :and co-founder of Neuralink and OpenAI.