Elon Musk To Buy Social Networking Platform For $44 Billion

Want to make it better than ever!

One of the much known and we'll conversational platforms Twitter is about to be taken by Elon Musk. The much-anticipated tech deal of the year has been sealed with Elon Musk clinching a deal to buy Twitter Inc for $44 billion. This means that the world's richest man will soon be controlling the social media platform populated by millions of users and global leaders.

According to the tweet, he said "I hope that even my worst critics remain on Twitter because that is what free speech means," Elon Musk tweeted on Tuesday early morning (India Time). The 16-year-old company, which emerged as one of the world's most influential public squares, now faces a string of challenges.

Twitter said that the deal was unanimously approved by its board of directors and is expected to close in 2022, pending regulatory clearance and the approval of shareholders.

The development came weeks after Musk declared a 9.2% stake in Twitter, which made him the biggest shareholder in the company on April 4. However, on April 11, Musk, the chief executive officer of electric vehicle company Tesla, decided not to join Twitter’s board of directors.

After the acquisition was confirmed, Musk said that he wanted to make Twitter “better than ever” by introducing new features, making its algorithms open-source, deleting spam accounts, and authenticating human users.