Elon Musk buys Twitter for $44 billion



Coleman Hicks, Reporter

Following up on his acquisition of 10% of Twitter’s stocks, the world’s richest man, Elon Musk, made an offer to purchase the entire company, and the sale was finalized on April 25. Musk paid $44 billion for the social media platform. He claims that he is not doing this just for profit but also to create a community of free speech. After purchasing 10% of Twitter’s stocks, Elon was offered a seat on Twitter’s Board of Directors, but surprisingly, he declined.

At first, Twitter tried to stop this from happening by doing what they call a “Poison Pill,” which is where the company loses money by selling a large number of stocks to other shareholders at a lower price so that the person trying to take over the company has to deal with not being the largest shareholder.

However, despite their efforts, Elon Musk managed to purchase the company. Due to the sudden acquisition, many users of Twitter are outraged and have started hashtags about leaving Twitter, saying that the platform would be messed up now that Elon owned it, and it would be “biased.”

Though the platform had already been seemingly biased, many people are enraged that it may lean in a different direction politically. Since Elon stated that he wanted to make the platform a place for free speech, which would make it much less one-sided, people have gotten up in arms, pointing out flaws in Elon’s other companies.

Some people are calling Elon Musk a hypocrite because he blocked a company on Twitter, so they argue that was against freedom of speech. 

The world will have to wait and see what changes he decides to make and how they affect the platform in the long run.