We have been talking about it for some time. Tesla's billionaire owner Elon Musk he wanted to buy the social Twitter and he did. For a staggering figure, well 44 billion dollars, the tycoon has taken control of one of the largest social media companies in the world. Many are worried because, according to his words, he will transform Twitter into the social network where freedom of speech will dominate. But will he really go like this?
It was in the air and it happened: Elon Musk finally bought Twitter for $ 44 billion. But what will change on social media from today?
The Twitter social network accepted the proposal of Tesla's boss to sell the company. This event is of considerable importance not only for the large amount of the transaction: the billionaire, in fact, has announced his intention to make important changes to the operation of the service, making it more open in all respects.
To buy Twitter at $ 54,20 per share, the businessman is using $ 21 billion of its own money, the remainder is a loan secured by Tesla shares, via a deposit with the US Securities and Exchange Commission. Previously, Elon Musk had turned down a seat on the social network's board of directors, as that position did not allow him to hold more than 14.9% of the company's shares.
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The billionaire has already spoken to the press about upcoming changes to Twitter. In particular, it intends to open the source code of the service, add the function di editing of publications and lower the bar of censorship and moderation on the site. He also announced his intention to introduce him one mandatory user authentication function to fight the bots.
I hope my worst detractors stay on Twitter too, because that's free speech
Means Twitter
Previously, the direction of Twitter had announced the intention to refuse the entrepreneur an agreement to take over the company, but later changed his mind. The closing date of the deal and the timing of the appearance of the news promised by Musk have not yet been announced. The latest list of new features is said to also include removing ads from the premium feature of TwitterBlue for subscribers and the possibility of pay them with Dogecoin.
