How Elon Musk bought and took over Twitter

K. Bell@karissabeNovember 2, 2022 2:00 PMIn this post: news, gear, Twitter, Elon Musk– by means of Getty Images

Very last 7 days, Elon Musk officially accomplished his $44 billion deal to invest in Twitter. But Musk’s path from Twitter super-consumer to Twitter operator and CEO was something but straightforward.

While he’s extended been acknowledged as a prolific tweeter, it was a shock to most that he was interested in exterting an even even bigger influence on the platform. Just after quietly obtaining a bulk stake in the business, he supplied to obtain the full thing — even though it was not for sale.

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Twitter’s board appeared hesitant at initial, but Musk’s money was difficult to flip down. In a make a difference of times, the enterprise agreed to alter its path entirely. Then Musk changed his mind… multiple moments. 1st, the deal was “on keep.” Then, he desired out completely. Twitter sued, kicking off a significant authorized struggle in a Delaware court docket. But just ahead of the trial was scheduled to commence, Musk explained he would honor the deal right after all.

Now, there are contemporary issues about what just Twitter will glance like beneath Musk. He’s proposed numerous alterations, together with altering Twitter’s moderation policies and reversing long-lasting bans. He also has a new plan to demand for verification. These decisions are only just starting to play out, but have currently brought on huge upheaval each inside of the enterprise and on the platform by itself. View the video earlier mentioned for the comprehensive story.

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