On October 27, 2022, business magnate Elon Musk acquired Twitter, Inc. for US$44 billion, gaining control of the platform. This purchase makes Musk the sole owner of Twitter, a social media platform with over 330 million monthly active users.
The acquisition was announced by Musk himself on Twitter, saying that he was “excited to be the new owner of Twitter.” He also noted that he would be taking a hands-on approach to the platform, and that he would be working to make it more user-friendly and accessible.
The acquisition was met with both excitement and criticism. Many praised Musk for his bold move, while others were concerned about the implications of a single person owning such a powerful platform.
In response to these concerns, Musk has stated that he will not be making any major changes to the platform, and that he will be focusing on making it more user-friendly and accessible. He has also promised to keep the platform open and free for everyone to use.
Musk has also stated that he will be using his own money to fund the acquisition, and that he will not be relying on outside investors. This has been seen as a sign of his commitment to the platform, and his belief in its potential.
The acquisition of Twitter by Musk is seen as a major move in the tech world, and one that could have a significant impact on the industry. It remains to be seen how Musk will use his ownership of the platform, but it is clear that he is committed to making it a better place for everyone.