It’s OFFICIAL: Elon Musk JUST PURCHASED TWITTER.

The guy who builds electricity cars and is trying to go to mars is now officially a social media mogul. It wasn’t easy. Twitter’s board is activated. What’s known as a poison pill, a way of trying to stop someone. From acquiring the company by flooding the market with shares, making a buyout more it is expensive. However, the board i warmed up to the idea of a takeover after he disclosed, he had secured 46 and a half billion in financing. According to the securities in exchange in a commission filing, musk said he put in 21 billion in equity. Financing. While banks including Morgan Stanley. Other firms around the world. I lined up another 25 and a half. Billion in various forms of debt and margin loan financing. This is greater than his offer. To buy twitter at $5.14 per share. Totalling approximately 44 billion, which he said was his best and final offer and if it when it didn’t work out, he said he’d sell the 9% of stock he has currently owns and walks away. Well, twitter’s board ended up accepting his original offer, $44 billion. The board then i mixed the poison pill. Had they kept it in play, it could have that reinforced musk’s argument that the board isn’t looking at the interests of shareholders. The board unanimously approved the sale. Twitter’s independent the board chair said the twitter the board conducted a thoughtful and comprehensive process.

To assess Elon’s proposal with a with a deliberate focus on value, certainty, and financing. The proposed transaction will deliver a substantial cash premium we believe it is what is the best path forward for twitter’s stockholders musk he reportedly met with some shareholders in the hope that it could the company and sway their decision he had hinted that he was even willing to by circumventing the board i appeal to shareholders they sell their stock directly to known as a tender offer. He they alluded to the strategy tweeting blank is the night. Potentially, in reference to f Scott Fitzgerald’s novel, the tender is the knight. A couple a couple days before that, he tweeted love me tender from Elvis Presley’s hit. So how will twitter differ? Now that musk is at the helm, he is I flirted with several changes. From converting it to San Francisco headquarters into the homeless shelter, adding an edit button, or amusing about changing the bird logo to a doge.

Above all else, musk says he wants twitter to become a free speech in public squares in his original sec filing, stating his desire to buy the social app. Musk said twitter has the potential to be the platform for free speech. The globe. But i don’t feel it. Is in its current state. Saying i now realize the company will neither thrive nor serve the societal imperative in his current form. Some have they speculated that he’d reinstate Donald trump’s twitter account which shut down permanently. Over his tweets surrounding the 2021 capital riots. He was abet bang, apparently mused twitter in march. According to the head of the Christian at satire site the Babylon bee after the bee got its twitter account suspended for naming transgender official doctor Rachel Levine as the man of the year.

After USA today named doctor Levine, one of its women, of the year. Conservatives have long accused the platform of discriminating against them. In in 2020, twitter blocked users. From sharing a new York post article that was critical of hunter Biden, the son of then Sen. Joe, the presidential candidate, Biden, twitter said the post violated its hacked materials then twitter CEO jack Dorsey later said it was wrong. To block the story. Crucial to musk’s vision is open source. Twitter’s algorithm that it decides which tweets get promoted or demoted. In other in other words have it available for people to see and improve upon. That way, he says, there won’t be any manipulation behind the scenes to push certain tweets. In front of more eyes while deemphasizing others.

Musk view’s free speech as an it is essential to a democracy and worries that there is too much. Censorship during a ted talk in April, he said speech should be as free as possible and that he’d air on the side of not. I am removing controversial posts. He feels the ideal policy for a social act is when the most the extreme 10% on the left and the right and are equally unhappy. But content moderation is very it is difficult. Big tech companies i spent billions of dollars. Reviewing millions of uploads each day. Former edit CEO lee Sean Wong warned musk is in for a world of pain. Arguing in the tesla CEO does not fully understand the difficulty of content moderation and protecting freedom speech online. He continued. Elon is not going to fix some problems. I’m absolutely sure. Of this. He had no idea what to do. He’s in for it. Wong argues that big platforms like twitter have there was no choice but to censor. Because the web has grown so big that anyone can post anything, anywhere, at any time. So it has to be moderated in some way.

He ended his long by concluding this thread, musk buying twitter will hurt all of us. By distracting him from his mission at SpaceX and tesla because it’s going to it sucked up his time and damaged his psyche. Musk’s response to a novella of a thread as he said twitter is way overdue for long-formed tweets. His legion of die-hards does not bet. Against him. As for his critics, and there are quite a few. Musk tweeted; I hope that even the worst critics remain on twitter. Because that is what free means. Officially he confirmed he wanted to buy an app that serves over 200 million daily users he said in in its sec filing, twitter has extraordinary potential to add i will unlock it at the core of any of Elon musk’s ventures is a team of exceptional engineers.