Elon Musk Buys Twitter for $44 Billion Dollars

Elon Musk made a big move on Monday by seizing a deal to buy the popular social media network Twitter for $44 billion in cash and with such a move it is now expected that the platform will now be a centre for the world’s richest persons.

The Tesla CEO is well known for his active use of the Social media network now existing for 16 years; however, the businessman has in the past been very clear about what he thinks Twitter should represent for users, to the point where he has never been afraid to publicly criticise the company’s algorithms for prioritizing tweets and the power they give to corporations where their advertisements are concerned.

According to Reuter.com who initially published a story on the matter, Political activists have given their opinion on Musk taking over the platform which they seem to think he will use to push a free speech agenda.

The move by Musk even seemed to have impacted the stock Market greatly as the same website reported that on Monday Twitter shares had an increase of 5.7%, pushing the company to close out at a final price of $51.70 with the chief of the SpaceX company disclosing that he had made a purchase of more than 9 per cent of the company.

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