Elon Musk Owns Twitter
Elon Musk who has been battling Twitter for ownership of the company was finally able to convince the board "it is the best path forward for stockholders" Chairman Bret Taylor said.
Musk vowed to protect free speech on Twitter
Musk vowed to protect free speech, defeat spam bots, authenticate all humans, and have twitter's algorithms open-source which will ultimately create more trust in Twitter.
“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,” Musk said in a statement included in the press release announcing the $44 billion deal. “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 spambots, and authenticating all humans. Twitter has tremendous potential — I look forward to working with the company and the community of users to unlock it.”
This deal which was hailed as a victory by free speech advocates has also been demeaned by those who consider Musk the world's richest guy who now owns one of the world's most popular social media sites.
Early in the negotiations, it appeared that Twitter was going to do everything in its power to stop the hostile takeover of Twitter, even using a poison pill, however, after gnashing things out this weekend, it appears that Twitter will accept his offer. Musk disclosed in a Securities and Exchange Commission (SEC) filing last week that he had secured more than $46.5 billion in financing to take over the company, including $13 billion from Morgan Stanley, $12.5 billion from other banks, and $21 billion from himself.
Biden's officials are worried Trump will return to Twitter
According to CNBC, "Officials within President Joe Biden’s administration are closely watching Elon Musk’s purchase of Twitter, according to more than half a dozen advisors to Biden, including two administration officials." However, Trump has openly stated that he will not return to the Twitter platform and stay on his Truth Social despite it currently only supporting I phone users at this time.
While many people were congratulatory of Musk and excited to have a social media platform that protects speech and the press, others were quick to respond with virulent rhetoric.
Activist Shaun King was among the first to declare that Musk wanting to purchase Twitter is about "White Power".
However, Musk being a free speech advocate invited his detractors to stay. Tweeting, "I hope that even my worst critics remain on Twitter because that is what free speech means.
This has been an exciting watch over free speech advocates, and those who believe censored speech is the fundamentals of democracy.
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