After being successful at SpaceX, Tesla Elon musk tried to buy Twitter for some time, and he finally acquired twitter. Elon musk finally buys Twitter with $44 Billion. So then, Twitter is going to be a privately held company.
As per Elon Musk, Twitter has a lot of potential because Twitter is a digital place where everybody can debate matters about the future of humanity.
So, Twitter can improve by enhancing with new features, making open-source algorithms to increase trust, decreasing spambots, and adding authentication to all users.
At Last, Elon Musk Finally Buys Twitter with $44 Billion.
Elon musk agreed to buy Twitter for $54.20 a share with a 38% premium over the company share price. As before, he disclosed that he was the single largest shareholder. Elon Musk made history by taking the largest deal to take a company private, something he said he would do with Twitter.
When The Richest Man in the world took twitter private, the stocks of Twitter were 4% higher on Monday, about $51 per share, after two sides closed a deal. Only the company will be held private when Mr. Musk completes the proposed amount transaction.
Mr.Musk has already clarified that he’d make the better Free speech principles, reduce ads, make open-source algorithms, and add editing tools. He will increase user verification and tamp down on spambots. He is looking forward to working with the company and users to release the potential of Twitter.
What About Donald Trump’s Banned Twitter Account?
This question-answer seems to be waiting for everyone after Elon musk took over Twitter. But Elon Musk has not publicly commented on how he will Handel.
In January, Twitter made clear that Mr.Trump had violated their policy by spreading violence among his supporters. So Facebook has also banned Mr.Trump for the same reason.
Twitter Algorithm
During the TED talk this month, he had made plans to make this company’s algorithm open-source. So, This will allow users to see the code of how Twitter works.
He wants to make public how Twitter posts, promotion, and demotion work.
Final Thoughts
Elon musk finally buys Twitter with $44 Billion. So then, Twitter is going to be a privately held company. He sees a lot of potential in Twitter. So, he is enhancing many new features like making open-source algorithms, decreasing spam bots, and adding authentication to all users to improve security.
He clarified that he would improve free speech principles, reduce ads, and add an editing tool. Everyone is waiting for new features and development done by Mr.Elon musk.
