Twitter has a new owner as Elon Musk has agreed to purchase the company and plans to take it private. Twitter’s board of directors unanimously decided on Musk’s offer to buy the social media giant for $44 billion.
“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in a statement.
“I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spambots, and authenticating all humans. Twitter has tremendous potential — I look forward to working with the company and the community of users to unlock it.”
There was plenty of reaction from the news media world as many wonder where Twitter heads with Musk now in charge of the company for the foreseeable future.
Eduardo Razo is the Assistant Content Editor for BNM, which includes writing daily news stories on the news media industry. He can be found on Twitter @eddierazo_ or you can reach him by email at eddie1991razo@gmail.com.
