Elon Musk Is Officially Purchasing Twitter for $44 Billion

Twitter has agreed to Tesla CEO Elon Musk's offer to buy the company for $44 billion, Twitter announced today. Bloomberg was first to report early Monday morning that a deal between the two parties was imminent.

twitter elon musk
Two weeks ago, Elon Musk offered to buy Twitter for $54.20 per share. Twitter and Musk, following weeks of speculation and public drama, agreed today to the $44 billion deal. Earlier reports indicated that Twitter's board was concerned that Musk's offer would be undervaluing the company by the time the social-media giant announces its Q2 earnings later this week.

Before his offer to outright purchase the platform, Musk purchased 9.2% of the company following heavy criticism of Twitter, on Twitter. Following his share purchase, Musk was poised to join the company's board to try and enact changes he said would promote "freedom of speech," but Twitter's CEO, Parag Agrawal, unexpectedly announced that Musk would no longer be joining the board.

In a statement, Musk said that he wants to make Twitter "better than ever" with new product features that will defeat spam bots and authenticate all humans.

"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," said Mr. Musk. "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. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it."

When Elon Musk's acquisition of Twitter is complete, Twitter will become a privately held company. The deal is expected to close in 2022, subject to approval of Twitter stockholders, the receipt of applicable regulatory approvals, and the satisfaction of other customary closing conditions.

Note: Due to the political or social nature of the discussion regarding this topic, the discussion thread is located in our Political News forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

Top Rated Comments

Hazmat401 Avatar
25 months ago
Great…. A significant blow to censoring is being dealt

Layoff all the woke people and move the headquarters to Texas
Score: 193 Votes (Like | Disagree)
turbineseaplane Avatar
25 months ago
Just a reminder that less content moderation ≠ more free speech.

It just means that the speech of the vulnerable, the harassed, and the targets of hate speech will be silenced, or at least chilled

Elon has a long hill to climb to prove that he now cares about the fair, but perhaps not favorable, views of everyone, particularly as they relate to him and his companies personally.
Score: 136 Votes (Like | Disagree)
cmChimera Avatar
25 months ago

Great…. A significant blow to censoring is being dealt

Layoff all the woke people and move the headquarters to Texas
I love that you criticize censorship and then, in the same breath, advocate firing people based on their political views.
Score: 116 Votes (Like | Disagree)
chscag Avatar
25 months ago
This is a great thing for free speech!
Score: 102 Votes (Like | Disagree)
iObama Avatar
25 months ago
Been on for 13 years, and it’s now time to go. Sad day.

Like someone else said, lack of moderation doesn’t mean free speech, it means a hell scape of harassment. Will be encouraging everyone I know to move to Mastodon, but more than likely will just end up leaving non-Instagram social media altogether.
Score: 92 Votes (Like | Disagree)
DanteHicks79 Avatar
25 months ago
Whelp, guess it's time to ditch that platform.
Score: 78 Votes (Like | Disagree)

Popular Stories

reset password request iphone

Warning: Apple Users Targeted in Phishing Attack Involving Rapid Password Reset Requests

Tuesday March 26, 2024 4:34 pm PDT by
Phishing attacks taking advantage of Apple's password reset feature have become increasingly common, according to a report from KrebsOnSecurity. Multiple Apple users have been targeted in an attack that bombards them with an endless stream of notifications or multi-factor authentication (MFA) messages in an attempt to cause panic so they'll respond favorably to social engineering. An...
iPhone Home Screen Gradient Blank Spaces 1

Sources: iOS 18 Lets Apps Be Placed Anywhere on Home Screen Grid

Sunday March 24, 2024 1:33 pm PDT by
iOS 18 will give iPhone users greater control over Home Screen app icon arrangement, according to sources familiar with the matter. While app icons will likely remain locked to an invisible grid system on the Home Screen, to ensure there is some uniformity, our sources say that users will be able to arrange icons more freely on iOS 18. For example, we expect that the update will introduce...
iPad Pro 2024 Landscape Camera Feature

New iPad Pro Again Rumored to Feature Landscape Front-Facing Camera

Monday March 25, 2024 5:43 am PDT by
The next-generation iPad Pro will feature a landscape-oriented front-facing camera for the first time, according to the Apple leaker known as "Instant Digital." Instant Digital reiterated the design change earlier today on Weibo with a simple accompanying 2D image. The post reveals that the entire TrueDepth camera array will move to the right side of the device, while the microphone will...
sonoma desktop wwdc

Apple Releases macOS Sonoma 14.4.1 With Fix for USB Hub Bug

Monday March 25, 2024 10:10 am PDT by
Apple today released macOS Sonoma 14.4.1, a minor update for the macOS Sonoma operating system that launched last September. macOS Sonoma 14.4.1 comes three weeks after macOS Sonoma 14.4. The ‌‌‌‌macOS Sonoma‌‌ 14.4‌.1 update can be downloaded for free on all eligible Macs using the Software Update section of System Settings. There's also a macOS 13.6.6 release for those who...
Generic iOS 18 Feature Purple

iOS 18 Will Finally Bring This Android Feature to iPhone

Monday March 25, 2024 6:42 am PDT by
iOS 18 will allow iPhone users to place app icons anywhere on the Home Screen grid, according to sources familiar with development of the software update. This basic feature has long been available on Android smartphones. While app icons will likely remain locked to an invisible grid system on the Home Screen, our sources said that users will be able to arrange icons more freely on iOS 18....
maxresdefault

Apple Announces WWDC 2024 Event for June 10 to 14

Tuesday March 26, 2024 10:02 am PDT by
Apple today announced that its 35th annual Worldwide Developers Conference is set to take place from Monday, June 10 to Friday, June 14. As with WWDC events since 2020, WWDC 2024 will be an online event that is open to all developers at no cost. Subscribe to the MacRumors YouTube channel for more videos. WWDC 2024 will include online sessions and labs so that developers can learn about new...
apple maps 3d feature

Apple Maps May Gain Custom Routes With iOS 18

Tuesday March 26, 2024 3:10 pm PDT by
Apple may be planning to add support for "custom routes" in Apple Maps in iOS 18, according to code reviewed by MacRumors. Apple Maps does not currently offer a way to input self-selected routes, with Maps users limited to Apple's pre-selected options, but that may change in iOS 18. Apple has pushed an iOS 18 file to its maps backend labeled "CustomRouteCreation." While not much is revealed...
iphone reasons to upgrade

Apple Outlines 'Reasons to Upgrade' Your iPhone on New Website

Monday March 25, 2024 12:53 pm PDT by
Apple today added a "Why Upgrade" section to its website, which is aimed at encouraging customers with older iPhones to upgrade to a newer model. The website allows customers to compare the iPhone 11, 11 Pro, 11 Pro Max, 12, 12 mini, 12 Pro, and 12 Pro Max to the iPhone 15, iPhone 15 Plus, iPhone 15 Pro, or iPhone 15 Pro Max. Each comparison shows what new features someone with an older...