‘The bird is freed’: Elon Musk completes $44 billion Twitter takeover
28 October 2022 | 10:38 am
The world's richest man Elon Musk has completed his $44 billion takeover of Twitter, and tweeted: "The bird is freed".
Elon Musk has promised big changes at Twitter, after the social media platform accepted his takeover bid worth $44 billion. But the acquisition has sparked concern about how Musk will balance a commitment to free speech with rules about moderating content, as well as questions about his links to China. Meanwhile, Musk's electric car company Tesla has been rebuffed by Indian officials, who say they won't import the brand's cars from China.
After buying Twitter for $44 billion, Elon Musk is promising to protect free speech and bring about much-needed changes, including taking on bots and introducing an edit button to the platform. We take a closer look at the billionaire Tesla founder. For more analysis on what changes the latter might bring to Twitter, we speak to Chris Bail, Director of the Polarization Lab at Duke University.
A victory for free speech or for disinformation? That is the 44-billion dollar question after Elon Musk's swoop for Twitter. Does it matter any more than Amazon's Jeff Bezos owning The Washington Post or all the French captains of industry whose often money-losing media purchases buy them a platform to voice their views?
In the World This Week, UN Secretary General Antonio Guterres tries to negotiate humanitarian corridors in Ukraine while on a visit to Kyiv. French President Emmanuel Macron's re-election honeymoon period proves short-lived, with the focus quickly turning to June legislative elections. And Tesla founder Elon Musk makes a $44 million offer for social media platform Twitter.
Thousands of amateur detectives are sharing their findings on war crimes and troop movements from the comfort of their living room. They hope their work can one day be used in court. Could this come true?
Elon Musk says companies and governments might need to pay to use Twitter under his ownership, as the billionaire Tesla founder seeks more investors to cover the private financing of his $44 billion takeover deal. The US Fed gets set to hike interest rates, and soaring profits at oil companies spur a push for windfall taxes.
Tesla CEO, Elon Musk recently acquired Twitter after the board agreed to the takeover bid by the Billionaire, marking a dramatic reversal of its earlier hesitation to accept the offer. Musk reportedly paid $54.20 (€50.8) per share in cash, or $44 billion, to take a 38% stake in the messaging platform. The takeover has however been welcomed with mixed feelings with many expressing fears that Musk may alter the way the platform operates.
Wall Street's main indexes opened higher on Friday (May 13) at the end of a bumpy week marked by rising concerns over tighter monetary policy and slowing economic growth, while Twitter sank after Elon Musk put his deal for the social media company on hold.
Here are a few reasons to pick up a copy of The Guardian on Saturday. Find these stories and much more when you grab a copy of The Guardian on Saturday.
A phony account on Twitter, with at least four different identities since February, claims to be the brother of slain Al-Jazeera journalist Shireen Abu Akleh. In this edition of Truth or Fake, we explain how we uncovered this fake Twitter account with more than 35,000 followers.
Twitter has published an account of its deal with Elon Musk suggesting his concerns about "fake users" only arose after setting a price. The Tesla mogul's takeover is not yet complete, with Musk calling it into question.
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