He spent Monday preaching about the importance of free speech after he spent $44 billion buying the world’s biggest microphone.
The Tesla CEO announced Monday that he has acquired Twitter at his offer price of $54.20 a share or about $44 billion in total, and plans to take the social media platform private.
“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in a statement he tweeted after the deal was made.
“I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential — I look forward to working with the company and the community of users to unlock it.”
Parag Agrawal, the Twitter CEO who took over for founder Jack Dorsey in November, said he was “deeply proud of our teams and inspired by the work that has never been more important.”
“Twitter has a purpose and relevance that impacts the entire world,” he said in a statement.
Elon Reeve Musk FRS is a South African-born American entrepreneur, investor, and business magnate. He is the founder, CEO, and Chief Engineer at SpaceX; early-stage investor, CEO, and Product Architect of Tesla, Inc.; founder of The Boring Company; and co-founder of Neuralink and OpenAI.
With an estimated net worth of around US$273 billion as of April 2022, Musk is the wealthiest person in the world according to both the Bloomberg Billionaires Index and the Forbes real-time billionaires list.
See his tweet below;
🚀💫♥️ Yesss!!! ♥️💫🚀 pic.twitter.com/0T9HzUHuh6
— Elon Musk (@elonmusk) April 25, 2022