Elon Musk to acquire Twitter in $44 billion deal

The Hollywood Reporter

Twitter has agreed to sell itself to Musk, the CEO of Tesla and SpaceX. "Once completed, the richest person in the world will own arguably the most influential social platform in the world, though from a business and user standpoint Twitter is significantly smaller than companies like Facebook or TikTok," says The Hollywood Reporter's Alex Weprin." In a tweet hours before the deal was approved, Musk tweeted: "I hope that even my worst critics remain on Twitter, because that is what free speech means." UPDATE: In his first tweet since the news became official, Musk posted an excerpt of the Twitter press release, quoting him as saying: “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. 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 spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”