The company’s board and the Tesla CEO hammered out the final details of his $54.20 a share bid
SAN FRANCISCO — Elon Musk acquired Twitter for $44 billion on Monday, the company announced, giving the world’s richest person command of one of its most influential social media sites — which serves as a platform for political leaders, a sounding board for experts across industries and an information hub for millions of everyday users.ecaps.buisiness.blog.com
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Elon Musk acquires Twitter for roughly $44 billion
The company’s board and the Tesla CEO hammered out the final details of his $54.20 a share bid
By Douglas MacMillan, Faiz Siddiqui, Rachel Lerman and Taylor Telford
Yesterday at 8:20 a.m. EDT|Updated today at 5:40 p.m. EDT
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SAN FRANCISCO — Elon Musk acquired Twitter for $44 billion on Monday, the company announced, giving the world’s richest person command of one of its most influential social media sites — which serves as a platform for political leaders, a sounding board for experts across industries and an information hub for millions of everyday users.
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The acquisition followed weeks of evangelizing on the necessity of “free speech,” as the Tesla CEO seized on Twitter’s role as the “de facto town square” and took umbrage with content moderation efforts he views as an escalation toward censorship. He said he sees Twitter as essential to the functioning of democracy and said the economics are not a concern.
Ownership of Twitter gives Musk power over hugely consequential societal and political issues, perhaps most significantly the ban on former president Donald Trump that the website enacted in response to the Jan. 6 riots.
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