The board of directors of Twitter has agreed to Elon Musk’s $44 billion buyout offer. Musk, who announced his surprise proposal less than two weeks ago, said Twitter had “tremendous potential” that he would ignite.
More to Come
He also urged a number of adjustments, ranging from loosening content restrictions to eliminating bogus accounts. The company first turned down Musk’s offer, but it will now put the proposal to a vote among shareholders.
How It All Came To Be
According to Forbes magazine, Elon Musk is the world’s richest person, with a net worth of $273.6 billion, owing primarily to his stake in electric vehicle company Tesla, which he also oversees.
With Elon’s bigger moves coming in soon, it would only be a matter of time until we see bigger changes with the social media platform. Hopefully these changes would bring out better things for Twitter and everyone else.