Elon Musk buys Twitter

For roughly $44 billion dollars, at $54.20 a share, Twitter has a new owner. That owner is none other than Tesla CEO, Elon Musk.

Rumors have been circulating for the past weeks over Musk’s interest in the company. This comes just weeks after Musk purchased a large percentage of the company. Just last year he claimed to have had $44.6 billion dollars set aside for his financial interests in Twitter. 

Just after the news was released that he had purchased the company, he stated, “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” he tweeted. “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans.”

Once the purchase goes through, it will make Twitter a privately owned company. This does not mean much for users, but it makes the company less vulnerable to comments that may impact the company’s stock market values. 

“Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it,” Musk continued. 

Many are curious as to what Musk’s first actions will mean for Twitter. People are expecting people who were once banned, to be unbanned. But for now, all the world can do is wait.