Twitter Inc. announced that the shareholders of the acquisition by Elon Musk at a price of $54.20 per share. This ends the stalemate of the last few weeks, where Twitter and its shareholders have repeatedly stated that they do not want to sell to Elon Musk. For small shareholders and private investors, it will probably soon no longer make sense to hold the share. Elon Musk had already announced in advance that he was planning to delist Twitter shortly
He tweeted an excerpt a few minutes ago where he explains his plans with Twitter. Among other things, he wants to publish the algorithm to increase trust, strengthen freedom of expression, fight spam bots and improve Twitter with new functions and people should authenticate themselves.
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. I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.
Elon Musk
The total purchase price will be approximately US$44 billion at the communicated price.
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