Elon Musk Buys Twitter
Elon Musk buys Twitter... Elon Musk of Tesla and Starlink fame now officially owns Twitter after months of squabbles and negotiations. Since Facebook purchased WhatsApp in 2014, the $44 billion deal is the largest social media takeover to date. However, because it is a social network with a large user base, many believe that under Musk's ownership, Twitter might experience some significant changes. The parameters of the agreement and potential future changes to Twitter are detailed below. Twitter was a publicly traded corporation on the New York Stock Exchange until Elon Musk acquired it. Individuals and institutional investors have been able to purchase shares of the company on the open market ever since the company became public in 2013. Before he made a bid to purchase and take private Twitter, Musk had already acquired a 9.2% share in the company. Musk has assured a seat on the board of directors thanks to his 9.2% ownership. Additionally, it elevated Musk to the position o...
