Musk is paying $44 billion for the social media platform that has become an essential message-machine for Washington and the center of debates over what sort of speech it should allow.
Twitter’s board of directors accepted Tesla CEO’s bid to buy the company Monday, a takeover that could lead to the largest revamp of the micro-blogging site since it launched in 2006.
Musk — the world’s richest person — is paying $44 billion for the social media platform that has become an essential message-machine for Washington and the center of debates over what sort of speech it should allow.
The company confirmed that it was accepting the offer in a statement.
What it means for the business: As part of the agreement of buying the company for $54.20 per share, Musk would also take the company private, meaning it could have less financial oversight from the SEC and potentially become less transparent for lawmakers to regulate.
What it means for Washington: Musk has described himself as a “free-speech absolutist” and criticized Twitter for not allowing as many views to be shared on the platform, including his own controversial conspiracy theories about Covid-19 treatments. That has raised expectations that he would ease content moderation and maybe even allow the return of former President Donald Trump to the platform (Twitter permanently banned Trump for violating policies for inciting violence following the Jan. 6, 2021 insurrection).
……..
- Discussion
-
Twitter’s board of directors has accepted Elon Musk’s offer to buy the company, putting him at the helm of a social media platform at the center of Washington debates about what content should be allowed online.https://t.co/ehGxSYZKHW
— POLITICO (@politico) April 25, 2022
Twitter will become a haven for Trumpies & their dangerous bovine excrement. Thank you Elon Musk.
NEW: Trump says he won’t return to Twitter after Elon Musk buyout https://t.co/KVsKgDKHqb pic.twitter.com/w19yw4hCVg
— The Hill (@thehill) April 25, 2022
Yeah. Right. You can bet the bank that whenever Trump says he’s not doing something, that means he is going to do it. And vice-versa.
You must be logged in to reply to this topic.