Elon Musk now owns Twitter - here's what that means for society
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Submitted: 2 years ago
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Today, Elon Musk took control of Twitter. The deal to acquire Twitter cost the billionaire $44 billion dollars, at a share price of $54.20 per share.
According to Musk, the decision to buy Twitter was not solely an economic one, but one that is laced with activism. Elon Musk is a strong advocate for free speech and also believes that the algorithm that controls Twitter should be open source.
Musk does have the financial obligation to do what he can to ensure that Twitter becomes a profitable company, so he has his hands full. I'll break down the economics of twitter here.
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