How Elon Musk’s Twitter Takeover Plans Shook Wall Street And Social Media

Elon Musk is known for using Twitter to hype everything from colonizing Mars to Tesla’s autopilot features. Now, he’s attempting to buy the underperforming social media network for $44 billion. The deal faces several obstacles, though. Musk now wants Twitter can prove a certain number of its users aren’t bots, and there’s the risk that the deal’s financing scheme falls apart. Here’s how Musk’s bid for Twitter came together, how the social media company could change under his watch, and how the deal could still fall through.

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How Elon Musk’s Twitter Takeover Plans Shook Wall Street And Social Media

Twitter Special Cryptocurrency Event LIVE | Elon Musk Buys Twitter for $44 BILLION!

The Twitter board has agreed to sell the company to Elon Musk in a $44bn deal. Musk, who is the world’s richest man with a net worth of $266.8bn according to Forbes, put in a bid to buy the social media site for $43bn on 14 April.

The offer was initially rebuffed by Twitter, but after Musk confirmed a funding package, the takeover was announced on Monday (25 April).

“I hope that even my worst critics remain on Twitter, because that is what free speech means,” Musk tweeted.

#ethereum #bitcoin #cryptocurrency