The bird is indeed free. After months of speculation, Elon Musk is officially the owner of Twitter. $44 billion down the pipe for the app and the internet is losing it. From finance bros to Mark Cuban, people for the most part are excited for the "Chief Twit" to reinstall free speech to the platform.
His first order of business? Elon Musk started his new job as Twitter owner and CEO by cleaning house. At least four top executives have "resigned", including former company CEO Parag Agrawal, Twitter CFO Ned Segal, Chief legal officer and policy executive Vijaya Gadde, and general counsel Sean Edgett. More layoffs throughout the company could also happen.
The deal formally closed last night, and the company will be going private after Musk payed $54.20 per share. Musk believes that turning the company private will allow people to speak more freely on the service, it will also be an opportunity to fix some internal workings of the platform without being under the microscope of public investments.
There is no need to get into the politics of the deal, but people should be happy about the acquisition. From a consumer, everything Elon Musk has touched ultimately turns to gold. Twitter will become an even better platform, and a better social media space. As a citizen, you should also appreciate his efforts for free speech. Elon stated on Twitter this week that the reason he bought the app is to try and help humanity.
The guy is a certified G and the G is for Genius. As long as the app stays free, and we can get edit button, I'll be fully bought in.