Elon Musk has successfully closed the transaction to acquire Twitter for $44 billion. The CEO of Tesla, who had said that he was purchasing Twitter for the good of mankind, announced the completion of the acquisition on his Twitter page by broadcasting a video of himself stepping into the headquarters of Twitter while carrying a sink and stating “Let that sink in!”
With the dawn of the new era, Elon Musk took to Twitter to share several of his plans. In particular, he intends to restore the accounts of notorious Twitter users like Donald Trump, who have been permanently banned from the platform.
Following the firing of Parag Agrawal and a number of other senior employees at the firm, reports indicate that Musk intends to take over as CEO of Twitter as well. The billionaire’s Twitter profile bio has been updated to include the term “Chief Twit.”
Elon Musk said:
“The reason I acquired Twitter is that it is important to the future of civilization 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 also said that there is now a significant risk that social media may fracture into echo chambers that are far to the right and far to the left, which would breed more hatred and further “divide our society”.
The CEO of Tesla went on to say that he also strongly believes that advertising, when done correctly, has the potential to delight, entertain, and inform users; it has the ability to show users a service, product, or even medical treatment that they were previously unaware of, but which is suitable for them.
Furthermore, as Musk has already included cryptocurrency as a payment option at his other companies, like Tesla, which spent about $1.5 billion on Bitcoin in 2021, the use of cryptocurrency on Twitter is a distinct possibility.
