Elon Musk to Purchase Twitter

Monday, Elon Musk issued a letter to Twitter higher-ups that stated he would, in fact, like to go through with his plans to buy Twitter. On Tuesday, the wheels were set in motion, with Twitter saying they would close the deal with Musk at the agreed-upon price. Now, it appears as though Twitter could have a new owner by the end of the week, as Musk requested to pay the initial agreed-upon amount of $44 billion.

The announcement has come as a bit of a surprise as this deal has been in the works for a while now. The deal has sparked lots of negotiating, a lawsuit, and distrust between the negotiating parties, and while it may be about to be closed, it is unclear yet whether or not the lawsuit filed against Musk will be dropped. 

Previously, Musk had been trying to get out of the deal, which is why many are baffled by his sudden change of heart. The strange turnaround has a lot of people wondering about his true motives for purchasing the social media platform, which prides itself on free speech and healthy conversations. 

If the deal goes through as planned, Musk will find himself paying $54.20 per share. Beyond the transaction itself, however, there are some other changes expected to be brought about with the shift in ownership. Among these expected changes are a management change, restoring accounts, and bot removals. These are three issues that Musk has been outspoken about.

The management change has a lot to do with Musk’s distaste for Twitter’s current chief executive Parag Agrawal. In the wake of the lawsuit between Musk and Twitter, some of Musk’s text messages between friends and business associates came to light, where he shared his dissatisfaction with Twitter’s current management. Particularly a personality clash between the two expressed via text message demonstrates this, with Agarwal telling Musk that his habit of texting phrases like, “Is Twitter dying” was “not helping me [Aragwal] make Twitter better.”

Another highly anticipated change that will most likely occur if the deal goes through is the restoration of previously restricted accounts. In particular, Donald Trump’s account. Just as a refresher, after the January 6 insurrection, Trump’s Twitter account was restricted, and he was permanently banned from the platform for misconduct. Musk said in an interview on Tuesday that if the deal goes through, he would revoke the permanent ban and enable Trump to make an account again. He claims that it is in line with the company’s devotion to free speech and that revoking his account conflicts with this ideology. Additionally, as part of supporting the company’s commitment to protecting free speech, Musk would remove many of the bots on the platform. Something that Musk has complained about on various occasions.


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