It's Official Now, Elon Musk Buys Twitter! - News Geek

It's Official Now, Elon Musk Buys Twitter!

Owner of Space X makes new acquisition and buys Twitter after controversies surrounding the purchase!

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After buying a “small” slice of the Social Network, Elon Musk Buys Twitter in a 100% way, this bombshell news was confirmed today. It is worth mentioning that this Social Network is being bought by none other than the owner of the giant Tesla and SpaceX.

And it doesn't stop there, Elon Musk, owner of Tesla, SpaceX and now also owner of Twitter, is the richest person in the world. The Tycoon's net worth is currently around US$ 219 billion, yes, TWO HUNDRED NINETEEN BILLION DOLLARS, does he have a lot of money?

Remembering that Twitter was founded in 2006 and currently the platform has about 217 million monthly users. And Elon Musk buys Twitter for about US$ 44 billion, which is about 20% of the Tycoon's current net worth.

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Elon Musk Buys Twitter, Has the Sale Closed?

Well, verbally the purchase has already been made, as Twitter itself announced this Monday (25) that it accepted the offer. However, the deal still does not have a certain date to be concluded, but the same should happen later this year.

It is worth mentioning that for Elon Musk to officially become the owner of Twitter, he will need the formal approval of the company's shareholders and regulatory bodies. Recalling that before this deal was closed, Elon had made a buy-in a few days ago, but it wasn't very well received.

And the offer that tycoon made days ago was US$ 43 billion, that is, only US$ 1 billion less than the purchase offer that was closed. Today's deal was closed after Elon met with Social Network shareholders in a video call. This video call took place last Sunday, April 24, 2022.

What will become of Twitter from now on?

Elon Musk Buys Twitter, but a question has arisen, what will become of the platform with the arrival of this new owner? Well, many consider this Social Network as a “no man's land”, because there people usually do what I want.

With the change of owner, many believe that Twitter's privacy rules tend to change, being a little stricter. And so, some people believe that the Social Network with this change of owner will no longer be a “no man's land”.

And this ended up generating a great division of opinions both from users of the platform and from people who don't like the Social Network very much. Those who are frequent users of Twitter believe that this purchase has everything to be bad, because they want everything to stay the way it is.

On the other hand, those people who have never created an account on the Social Network because it does not have much control, believe that this purchase will bring positive points.

Who founded Twitter?

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Photo: Reproduction/Logo Twitter

Leaving aside the subject of Elon Musk Buys Twitter, now let's talk a little about how the Social Network was founded. And it was born in 2006 by Jack Dorsey, Noah Glass, Biz Stone and Evan Williams and they had a simple goal for the platform… The idea at first was a service that used SMS text messages to help with group communication.

But we saw that Twitter ended up growing a lot and became this Social Network that has millions of monthly active users.

And here ended another article of ours, where I talked about Elon Musk Buy Twitter and share opinions among users. If you liked the content, I ask you to share it with all your friends and on all your Social Networks.


Ruan Jesus

My name is Ruan Henrique and I am a writer for News Geek among other sites belonging to Grupo SED. I also have a certain skill in organic growth of profiles on instagram.

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