Elon musk bought twitter and paid 38% extra than the stock rate

Elon musk bought twitter and paid 38% extra than the stock rate
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On April 1, 2022, Elon Musk, the C.E.O. of Tesla and one of the richest men on earth, signed to purchase Twitter Inc. for $44 billion, running one of the most significant leveraged buyout sales in history to control a 16-year-old social networking platform that has become a social hub of public speech and a flashpoint in the debate over online free speech.

elon musk twitter

Do you know why Musk buys this social media platform?

Musk bought Twitter Inc. and paid 38% extra than the stock rate because he wanted to increase the encompassed principles of free speech. Musk said that he wants Twitter to attach more closely to the principles of free speech, in a statement, Musk called “the bedrock of a functioning democracy.”

Do you know what Musk said about Twitter?

Musk once said the single most irritating problem on Twitter is called spam bots. Musk tweeted in April 2022: “If our twitter bid succeeds, we will defeat the spam bots or die trying!”. He tweeted in reply to Twitter that “authenticate all real humans” under his ownership.

The critical query is, What is Elon going to do with Twitter?

Twitter reported that Elon Musk had bought the social media audience. The C.E.O. of Tesla, Elon Musk, holds to be the next owner of Twitter, buys the social platform for approximately $44 billion, and takes it private.

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