Elon Takes Twitter Private With His $44 Billion Bid

It’s been a month of is Elon Musk really going to buy Twitter and will the board want the social media platform bought by a billionaire troll? But it’s finally happening.

So if you’ve been waiting for Elon to buy Twitter to quit the platform, then this is the time.

The incendiary tech mogul struck a deal earlier today to buy Twitter for $44 billion. The popular social media platform will sell to Elon for $54.20 a share thus making Twitter a private company in a deal expected to close later this year.

“The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing. The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders,” said Bret Taylor, Twitter’s Independent Board Chair.

“Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important,” said Parag Agrawal, Twitter’s CEO.

“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 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,” said Elon.

Now that it has happened, questions are rising about how him being the owner will impact the company as a social media platform that has 217 million daily users plus also the company’s leadership.

The Tesla CEO has shared before that he plans to:

Open Twitter’s algorithm
Make content moderation decisions more transparent
Add an edit button
Eliminate spam bots
Verify more people

News of this announcement has had mixed reactions with most people saying that they’ll quit Twitter. Here are the best reactions:

Rule No. 1 about leaving Twitter: If you feel compelled to tweet about leaving, you're probably not leaving
— Alex Kantrowitz (@Kantrowitz) April 25, 2022

https://twitter.com/cgduckworth/status/1518604220672450561

Next social media site after twitter better allow you to transfer your follows, best posts/threads, and whatnot because one of the main appeals to sticking to twitter is that I have a network and history here that I actually, mostly enjoy.
— Frank ⌁ (@FrankElavsky) April 25, 2022

Every Twitter user knows the feeling of taking a few days off the site, coming back to the TL, and feeling not just confused but repulsed by it… a disgust that is soon overpowered by, yes, the urge to participate… those precious 20 seconds are when the spell sets in anew
— Robinson Meyer (@robinsonmeyer) April 25, 2022

not going to pretend that i will log off twitter if elon buys it
— alex (tired) (@alex) April 25, 2022

None of this would be happening if you all simply did as I do, and pay Twitter $3 a month for no reason
— Casey Newton (@CaseyNewton) April 25, 2022

This would be very #ADHD-friendly. Anything set up to transfer and reorganize existing content and contacts greatly increases the likelihood I'll actually participate.

Otherwise, even if I want to join, I risk getting lost in all of the executive function-type work needed https://t.co/fi3KGqhKGt
— The ADHD Academic (@theADHDacademic) April 25, 2022

https://twitter.com/Dwuff/status/1518583361043935232

There’s a new One Joke in town pic.twitter.com/waegOh6Fvg
— Erin "Skeleton Factory" Ryan (@morninggloria) April 25, 2022

pic.twitter.com/HK94FBdjPM
— Sy Brand (@TartanLlama) April 25, 2022

How it started.

How it's going. pic.twitter.com/ys2VLGR0Bv
— Techweez (@techweez) April 25, 2022

https://twitter.com/mkramer/status/1518568889424175104

it's worth asking the people you regularly DM on this website for their contact info if you want to stay in touch after yeeting out of here
— Karen K. Ho (@karenkho) April 25, 2022

All joking aside, I don't want to have to leave twitter because an overgrown 4chan edgelord wants people to stop being mean to him. I have a lot of nice people here and that's not gonna transfer over to any of the alternatives.
— Sebas (@OhLookBirdies) April 25, 2022

The best Internet era for me was 2008-2012ish: When blogs and RSS ruled and social media was new, before "influencers," before everyone decided they were an expert on speech policy.
— jillian c. york (@jilliancyork) April 25, 2022

https://twitter.com/TinaGurnaney/status/1518584037220438016

https://twitter.com/AlbertoCairo/status/1518577164614053888