twitter bought
Image Source:NYT

Twitter very recently confirmed that it has been bought by the mega entrepreneur, Elon Musk. The social media app that has been the centre of all digital millennials’ social networking habits has now changed the hands of its ownership. Read all about the latest change and how people responded to that.

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What Happened?

It was confirmed on Monday that Twitter was being sold to the billionaire Tesla owner entrepreneur Elon Musk in a deal valued at $44 billion. In essence, the social media app got sold for $44 billion and it may not have moved an inch on Musk’s hair.

twitter bought
Image Source:Market Watch

What Was The Sale About?

The sale was a huge shift for the board. The board had been originally averse to letting Musk build power in the private social media network. Musk said in a joint statement on Twitter, “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”.

twitter bought
Image Source:Ople India

Moreover, Twitter Board Chair, Bret Taylor said that the body “conducted a thoughtful and comprehensive process. This was done to assess Elon’s proposal with a deliberate focus on value, certainty, and financing.” Musk passed all tests!

How Did People React?

People did not have the best reaction. This was due to being told that another one of their social media apps will now be ruled by a billionaire. Here’s how many responded: All in all, people are not pleased.

twitter bought
Image Source: Tribune

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