When Elon Musk signed a deal to buy Twitter for $44 billion, concerns about the micro-blogging site’s future were finally put to rest. According to a press release, “the cash deal for $54.20 per share is valued at roughly $44 billion.” Thanks to this historic deal, the world’s richest man will now have control of the social media giant.
Musk, a self-proclaimed proponent of free expression, has previously criticized Twitter for prioritizing sponsored posts in the feed. When it comes to debating critical issues to the future of humanity, “free speech is the backbone of a functional democracy,” Musk stated before Monday’s agreement was signed.
Several digital heavyweights, including former Twitter CEO Jack Dorsey and Amazon CEO Jeff Bezos, reacted to the historic agreement. The following are a few noteworthy developments:
Twitter serves a larger purpose: it connects people throughout the world. Director of the company, Mr. Parag Agrawal
“Twitter serves an important function and is relevant to people worldwide. We are incredibly proud of our people and inspired by the work that has never been more vital. “After Musk and the business reached an agreement, Agrawal took to Twitter to express his displeasure.
Employees also inquired if former US President Trump, who was permanently removed from Twitter last year, will be permitted to return once Tesla CEO Elon Musk takes the reins. When asked about Trump, he remarked, “We don’t know which route the platform will take until the agreement closes.”
Agrawal also informed employees that layoffs were not on the horizon.
Jack Dorsey has endorsed Musk’s Twitter deal.
For his efforts in rescuing Twitter from “an untenable scenario,” former Twitter CEO Jack Dorsey congratulated both Elon Musk and current Twitter CEO Parag Agrawal. “My only beef and major regret with Twitter has always been the corporation itself.
Bezos questions Elon Musk’s Twitter takeover, according to Amazon CEO.
According to a New York Times report, Amazon CEO Jeff Bezos raised the issue of the Chinese government’s influence in the town square by pointing out a relationship between Tesla and the Chinese government.
Bezos cited Tesla’s substantial Chinese market and the company’s reliance on Chinese battery suppliers for its electric vehicle (EV) products.
“Tesla is more likely to have complications in China than Twitter is to face censorship in this aspect,” Bezos wrote in a tweet, adding, “…But we’ll see. This kind of complication is no problem for Musk.”
Elon Musk’s acquisition of the Twitter network will give him direct control over one of the world’s most important social media sites.