Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the platform where he promotes his interests, attacks critics and opines on a wide range of issues to more than 83 million followers.
for roughly $44 billion on Monday, promising a more lenient touch to policing content on the social media platform where he — the world's richest person — promotes his interests, attacks critics and opines on a wide range of issues to more than 83 million followers.
Elon Musk's tweet displayed on a screen and the Twitter logo displayed on a phone screen is seen in this illustration photo taken in Krakow, Poland on April 14, 2022. Shares of Twitter Inc. rose more than 5% Monday to $51.70 per share. On April 14, Musk announced an offer to buy Twitter for $54.20 per share. While the stock is up sharply since Musk made his offer, it is well below the high of $77 per share it reached in February 2021.
Beyond that, though, he said he’d be "very reluctant" to delete things and in general be cautious about permanently banning users who violate the company's rules. During his candidacy and presidency, Trump used Twitter as a powerful megaphone that enabled him to speak to the public directly, often using incendiary and divisive language on hot-button issues. He was permanently banned from the service in the aftermath of the Jan. 6 storming of the Capitol.Tesla CEO Elon Musk offered to buy 100% of Twitter for $54.20 per share and to take the social media company private, according to an SEC filing.
Some users said Monday that they were planning to quit the platform if Musk took it over. To which he responded on Twitter: "I hope that even my worst critics remain on Twitter, because that is what free speech means." With initial concerns of its own about the deal, Twitter had enacted an anti-takeover measure known as a poison pill that could make a takeover attempt prohibitively expensive. But the board decided to negotiate after Musk updated his proposal last week to show he had secured financing, according to The Wall Street Journal.
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