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 of the company's largest shareholder, dwarfing even Twitter founder Jack Dorsey's 2% ownership.

Musk would have to persuade other board members to support him because his under-10% ownership wasn't sufficient to influence decisions at Twitter. Additionally, for the duration of his board tenure, which runs through 2024, Twitter forbade him from acquiring more than 14.9% of the business. Likely as a result of these two circumstances, Musk turned down the board position and instead made the board an offer to buy the entire business.