BOOM

Trending Searches

    SUPPORT
    BOOM

    Trending News

      • Fact Check 
        • Fast Check
        • Politics
        • Business
        • Entertainment
        • Social
        • Sports
        • World
      • Law
      • Explainers
      • News 
        • All News
      • Decode 
        • Impact
        • Scamcheck
        • Life
        • Voices
      • Media Buddhi 
        • Digital Buddhi
        • Senior Citizens
        • Videos
      • Web Stories
      • BOOM Research
      • BOOM Labs
      • Deepfake Tracker
      • Videos 
        • Facts Neeti
      • Home-icon
        Home
      • About Us-icon
        About Us
      • Authors-icon
        Authors
      • Team-icon
        Team
      • Careers-icon
        Careers
      • Internship-icon
        Internship
      • Contact Us-icon
        Contact Us
      • Methodology-icon
        Methodology
      • Correction Policy-icon
        Correction Policy
      • Non-Partnership Policy-icon
        Non-Partnership Policy
      • Cookie Policy-icon
        Cookie Policy
      • Grievance Redressal-icon
        Grievance Redressal
      • Republishing Guidelines-icon
        Republishing Guidelines
      • Fact Check-icon
        Fact Check
        Fast Check
        Politics
        Business
        Entertainment
        Social
        Sports
        World
      • Law-icon
        Law
      • Explainers-icon
        Explainers
      • News-icon
        News
        All News
      • Decode-icon
        Decode
        Impact
        Scamcheck
        Life
        Voices
      • Media Buddhi-icon
        Media Buddhi
        Digital Buddhi
        Senior Citizens
        Videos
      • Web Stories-icon
        Web Stories
      • BOOM Research-icon
        BOOM Research
      • BOOM Labs-icon
        BOOM Labs
      • Deepfake Tracker-icon
        Deepfake Tracker
      • Videos-icon
        Videos
        Facts Neeti
      Trending Tags
      TRENDING
      • #Operation Sindoor
      • #Pahalgam Terror Attack
      • #Narendra Modi
      • #Rahul Gandhi
      • #Waqf Amendment Bill
      • #Arvind Kejriwal
      • #Deepfake
      • #Artificial Intelligence
      • Home
      • News
      • Elon Musk Is Now Twitter Boss After...
      News

      Elon Musk Is Now Twitter Boss After Completing $44 Billion Deal

      Elon Musk wrote an open letter to the advertisers on Thursday and called Twitter a "common digital town square" for the future civilisation.

      By - Sana Fazili |
      Published -  28 Oct 2022 10:48 AM IST
    • Boomlive
      Elon Musk Is Now Twitter Boss After Completing $44 Billion Deal

      Elon Musk has completed the$44 billion acquisition deal to take over Twitter ownership. The deal was finalised on Thursday, a day after he visited the Twitter headquarters in San Fransisco with a sink. Musk, the richest man in the world, now owns the social media platform after nearly six months of negotiations over the deal.

      "The bird is freed," Musk wrote on Twitter after the deal. Bird is the Twitter logo. Musk on Wednesday changed his Twitter bio to "Chief Twit".

      "The reason I acquired Twitter is because it is important to the future civilisation to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence," Musk said in an open letter to advertisers on Thursday.

      "I didn't do it because it would be easy. I didn't do it to make more money. I did it to try to help humanity, whom I love," he said. "Twitter obviously cannot become a free-for-all hellscape, where anything can be said with no consequences!"

      Dear Twitter Advertisers pic.twitter.com/GMwHmInPAS

      — Elon Musk (@elonmusk) October 27, 2022

      While Twitter earlier assured its employees that no layoffs would take place even after Musk's takeover of the platform, US media, including Reuters and Washington Post, have reported that chief executive Parag Agrawal, chief financial officer Ned Segal, and legal affairs and policy chief Vijaya Gadde have been fired. Agrawal and Segal were escorted out of Twitter's San Francisco headquarters after the deal, Reuters reported.

      Neither Twitter nor the allegedly fired employees have officially said that they have been asked to leave.

      'Let that sink in'

      Musk stunned everyone on Wednesday after he visited the Twitter headquarters carrying a sink. He was seen posing excitedly as he walked into the office. Twitter's new boss, Musk, shared the video on Twitter and wrote "Let that sink in".


      Entering Twitter HQ – let that sink in! pic.twitter.com/D68z4K2wq7

      — Elon Musk (@elonmusk) October 26, 2022

      Musk offered to buy Twitter in a $44 billion deal, for $54.20 per share on April 14, 2022. In retaliation to a hostile takeover, the Twitter board adopted a defence strategy called the "poison pill" which called for shares of the platform to be bought at a discounted price. On April 25, Twitter finally accepted Musk's offer to take Twitter private.

      However, Musk on May 14 said that deal was "temporarily on hold" over Twitter's spam bots claims to which Agrawal responded on Twitter explaining the platform's spam calculation. He stated that they found less than 5% of its users being spam or fake accounts. Musk said that the deal cannot move forward unless information on the spam accounts is shared. A month later, in June, Twitter agreed to provide Musk access to its full "firehose" of all public tweets, to comply with his demands. Musk even met Twitter employees virtually, fielding questions about content moderation, free speech and more.



      Tags

      Elon MuskTwitter
      Read Full Article
      Next Story
      Our website is made possible by displaying online advertisements to our visitors.
      Please consider supporting us by disabling your ad blocker. Please reload after ad blocker is disabled.
      X

      Subscribe to BOOM Newsletters

      👉 No spam, no paywall — but verified insights.

      Please enter a Email Address
      Subscribe for free!

      Stay Ahead of Misinformation!

      Please enter a Email Address
      Subscribe Now🛡️ 100% Privacy Protected | No Spam, Just Facts
      By subscribing, you agree with the Terms & conditions and Privacy Policy connected to the offer

      Thank you for subscribing!

      You’re now part of the BOOM community.

      Or, Subscribe to receive latest news via email
      Subscribed Successfully...
      Copy HTMLHTML is copied!
      There's no data to copy!