Elon Musk was eyeing twitter for last 5 years now acquires twitter for $ 44 Billion and want to make many changes in platform which we could see near future
It is record for the largest ever leveraged buyout includes $44 billion in cash.Elon musk was trying to acquire twitter from few days and now musk is new owner of twitter
Investors can expect to receive $54.02 for each Twitter share they own.This offer is accepted by investors and further details will be out by end of the week
Elon Musk acquires twitter and wants to makes three changes ie Edit Button,Freedom of speech,Algorithm
EDIT BUTTON
Elon Musk asked people in twitter poll whether they wanted to able to edit tweets ,majority requested this feature
Elon Musk criticized twitter for moderating its platform too restrictively and said more freedom of speech should be allowed.
FREE SPEECH
Worried about de facto bias in the Twitter algorithm having a major effect on public; Twitter algorithm should be open source," Musk tweeted on March 24
ALGORITHM
Who Will Run Twitter After Elon Musk Deal? What's Known So Far
Both Chief Executive Officer Parag Agrawal and Chairman Bret Taylor were quoted in the statement, so they're still in their roles, for now
The Filing: Many of these details should be cleared up in a filing that Twitter is required to make with the Securities and Exchanges Commission by end of week