Elon Musk acquires Twitter for $44 Bn as private company

 

After just two weeks of news and rumor rounds, Tesla ceo Elon Musk delivers Twitter purchase with $44 Bn at $54.20 per share value. Elon Musk has been promoter of free speech and supporter of Twitter with millions of followers supporting Elon on his views about Space,tech and Automobile industries. Elon Musk hinted about his interested in acquiring Twitter at recent TED 2022 conference with acknowledgement to content moderation by saying “I think it’s very important for there to be an inclusive arena for free speech,”

Twitter acquisition is still a big surprise for Silicon valley after Twitter just few months ago announced Indian oriin Parag Agrawal as ceo. Parag Agrawal after Elon Musk's announcement said, “Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important.”

Elon Musk also announced his eagerness to improve Twitter with focus towards better algorithms to more transparent communication and content for users while the promise of less spams and spam bots.