Elon is the new daddy of Twitter.
It all started on the 14th of April when Elon Musk made an offer to buy Twitter and all of the internet combined went nuts. The deal was not just about buying some shares of the company, Elon wanted to have one hundred percent of Twitter for himself.
Many thought this was one of the usual jokes from Musk and laughed it off, some thought it would end with no results and things would go back to normal even if he was serious. But the second time the internet went nuts was when a surprising report came in claiming that Twitter was under negotiations on Monday with Musk about the offer.
It has now been confirmed that the deal was a success and Twitter has been sold to Elon Musk. So what exactly does this mean? What is the future of Twitter and what can we expect from Elon in the future? Here is everything we know:
Elon’s first offer came on 14 April when he said that he was willing to pay $54.20 per share to buy one hundred percent of Twitter. He then filed the same offer with the United States Securities and Exchange Commission (SEC) and also posted it as a tweet on Twitter. He was interviewed about it hours later on Ted.
Elon Musk walking into Twitter headquarters pic.twitter.com/TQYVdDE2rb
— Dr. Parik Patel, BA, CFA, ACCA Esq. (drpatel.eth) (@ParikPatelCFA) April 25, 2022
To everyone’s surprise, the deal became very real and the offer that Elon made turned out to be a good deal for Twitter. The offer stated that Musk will be paying the $21 billion himself and the rest of the money will be coming from Morgan Stanley and other assorted banks.
I hope that even my worst critics remain on Twitter, because that is what free speech means
— Elon Musk (@elonmusk) April 25, 2022
By the end of Monday, the deal was done and the final amount with which Elon bought off Twitter was $44 Billion. Elon now owns 100% of Twitter and will be privatizing the company.
If our twitter bid succeeds, we will defeat the spam bots or die trying!
— Elon Musk (@elonmusk) April 21, 2022
Elon’s Vision of Twitter
Elon has been known to be very open about his likes and dislikes about how Twitter works. He has also expressed what changes he would like to make on Twitter. Throughout the past few years, Elon has tweeted and ran polls on Twitter asking his follower count of about 83 million users about what changes they would like on Twitter.
Elon, the founder of Tesla was the biggest shareholder of Twitter with a 9.1% stake before finally buying it. In the last few years, some of the changes that Elon has asked his followers are:
- An idea of an edit button that received more yes votes
- Asking Twitter’s algorithm should be open-source which received 83% yes votes
- Asking that the users should be allowed to see if their post was demoted or promoted
- Suggesting that Twitter’s code should be on Github so that people can look for errors, fix them, or add new code
Twitter algorithm should be open source
— Elon Musk (@elonmusk) March 24, 2022
Well, you could not expect the netizens to take such big news lying down, and while some reactions were hilarious, some made you wonder what will be the future of Twitter. Here are some of the reactions from people on Twitter:
Twitter always has been, and will remain, Hell.
— Diablo (@Diablo) April 25, 2022
Elon Musk has finally set the blue bird free: pic.twitter.com/LXjzYCS2ZU
— Mikey (@MikeDulaimi) April 25, 2022
elon musk spending $43 billion to stop getting bullied on twitter when he could’ve simply been less annoying is insane
— first-mate prance (@bocxtop) April 25, 2022
Twitter: We will not sell to Elon Musk.
Also Twitter: We will sell to Elon Musk.
— Douglas A. Boneparth (@dougboneparth) April 25, 2022
"You can find me on Instagram if Elon Musk buys Twitter" is the new "I'm moving to Canada if Donald Trump becomes President."
— Joe Pompliano (@JoePompliano) April 25, 2022
Now that Elon owns Twitter, we can at least expect him to get rid of all spam bots as he promised, and quite possibly get a fart button.