The social media giant confirmed Monday the Tesla CEO and billionaire will acquire the company in a deal worth $44 billion.
“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Musk said in the proposal. “However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.
, but also from Facebook, Instagram, and Snapchat following the Capitol riot on Jan. 6, 2021. Twitter banned Trump, citing several of his tweets in connection to the deadly riot as inflammatory and warned of"the risk of further incitement of violence." She said the president has “long argued that tech platforms must be held accountable for harms they cause” and supports, the law that undergirds much of how social media operates in the U.S., and new antitrust reforms to require more transparency.
Ives added that the Twitter board bought some extra time with the"poison pill" but ultimately had to get to the negotiation table with Musk to get this deal done as"the clock struck midnight on Twitter's history as a public company.", global sector lead for technology media at Third Bridge, said in a statement that “it seems that major changes are ahead for Twitter if Musk succeeds, but the specifics at this point are pretty lacking.
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