Elon Musk Completes $44 Billion Deal to Buy Twitter

On Thursday, Elon Musk completed a deal to take over Twitter at a valuation of $44 billion. The deal is officially closed, which means that the new era of one of the most influential social media platforms begins. The deal completion took months. Among the first Musk steps was the firing of several longtime top Twitter executives. Elon Musk says that he plans to reverse bans on suspended users, including Donald Trump. However, Mr. Musk claimed that he did not want Twitter to become an echo chamber for hate and division. “Twitter obviously cannot become a free-for-all hell-scape, where anything can be said with no consequences!” he posted on Twitter.

The offer to buy Twitter was made by Elon Musk this year in April, it happened after Mr. Musk built a stake in Twitter at the beginning of the year. He said that the purchase would be made for “civilization to have a common digital town square”, he added that he was planning to clean up all spam accounts and keep the platform as a venue for free speech. As of now, Elon Musk wants to transform Twitter into an app for everything.

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