Elon Musk and Twitter Reach Deal for Sale (1 Viewer)

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    SaintForLife

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    Elon Musk struck a deal on Monday to buy Twitter for roughly $44 billion, in a victory by the world’s richest man to take over the influential social network frequented by world leaders, celebrities and cultural trendsetters.

    Twitter agreed to sell itself to Mr. Musk for $54.20 a share, a 38 percent premium over the company’s share price this month before he revealed he was the firm’s single largest shareholder. It would be the largest deal to take a company private — something Mr. Musk has said he will do with Twitter — in at least two decades, according to data compiled by Dealogic.

    “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,” Mr. Musk said in a statement announcing the deal. “Twitter has tremendous potential — I look forward to working with the company and the community of users to unlock it.”

    The deal, which has been unanimously approved by Twitter’s board, is expected to close this year, subject to a vote of Twitter shareholders and certain regulatory approvals.

    The blockbuster agreement caps what had seemed an improbable attempt by the famously mercurial Mr. Musk, 50, to buy the social media company — and immediately raises questions about what he will do with the platform and how his actions will affect online speech globally.




    If Musk does what he claims he wants to do it will be a big improvement and good for free speech.
     
    Yeah, it’s full of bots of all kinds, more than it has ever had. And a fair portion of them are porn bots. I think Musk likes it that way. 🤷🏼‍♀️
    well, some red states have banned pornhub so Musk needs to fill that hole. Plus, I can't see a red state banning right-wing musk.
     
    I noticed this. When you try to watch a clip on Twitter, it now kicks you immediately into another random clip. It feels like to me the first clip isn’t even finished, the switch is so abrupt. I hate, hate what Musk did to Twitter. Enshittification in the extreme.

     
    So I didn’t see this mentioned. The DOJ had to track down nearly 1000 Russian bot accounts on Twitter. All claiming to be American people. All pushing Russian propaganda talking points, mostly justifying the Ukraine invasion.

     

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