Twitter Sold to Elon Musk for $44 Billion Dollars

Elon Musk will buy Twitter for $44 billion

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twitter sold to elon musk

Elon Musk has announced the purchase of Twitter for $ 44 billion. Now Twitter sold to Elon Musk and the board of twitter accepted it finally.

For the past few days, talks were going on inside the board of Twitter on the offer of Elon Musk. Actually, Elon Musk believes that Twitter has to be made private for free speech and that is why he has decided to buy Twitter.

Just days after buying a 9% stake in Twitter, Elon Musk said that Twitter would have to be private for free speech. With so many stakes, he would not be able to make any significant changes to Twitter, so he offered to buy Twitter.

Twitter Sold To Elon Musk

Interestingly, some time ago Elon Musk bought a 9% stake in Twitter, but now Elon Musk will have a 100% stake in Twitter Inc. Let us tell you that he has bought Twitter at the rate of $ 54.20 per share.

Parag Agarwal tweeted

Statement from Twitter’s new owner Elon Musk

After the Twitter deal was finalized, Elon Musk said that free speech is necessary for democracy to function. Musk has said that he wants Twitter to be the best space ever with product enhancements and new features.

Musk has said that Twitter’s algorithm will be open source so that people can be trusted. According to Elon Musk, now all humans on Twitter will be authenticated and bots will be completely eliminated.

What will happen to Parag Agarwal?

Jack Dorsey made Parag Agarwal the CEO at the time of his exit from the company. Parag Agarwal is also included on the board. Jack Dorsey also took an exit from the board of Twitter.

After Musk’s purchase of Twitter, now a new CEO will be made or whether Parag Agarwal will remain in Twitter, is not clear at the moment. I will update you as soon as I get the news.

The story of Twitter’s sales changed rapidly

Initially, many big stakeholders of Twitter rejected Elon Musk’s offer. But later the board liked this offer. Now Elon Musk has bought Twitter. However, it is not yet clear whether the current CEO Parag Agarwal will continue to be the CEO of Twitter or whether any changes will be made here as well.

After the purchase, Musk said, his fiercest opponents will also be on Twitter

Elon Musk has written in a tweet that he hopes that even his fiercest opponents will be on Twitter because this is what free speech means.

Significantly, Elon Musk’s entry into Twitter began last month when Musk asked users on Twitter whether he should launch a new social media platform as Twitter does not believe in Freedom of Speech. Musk also talked about making Twitter open source.

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