Tesla and SpaceX boss Elon Musk, whose fortune is estimated at $269 billion by Forbes, has reached a definitive agreement with Twitter’s board to buy the social media company for $54.20. per share, which is valued at around $44 billion, and take it private.
The richest man in the world becomes the owner of the Twitter platform which he announced he wanted less than two weeks ago, despite the initial opposition displayed by the council. “Freedom of expression is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” said Elon Musk, quoted in the Twitter statement.
The billionaire, therefore, wishes to adopt a more flexible approach in terms of moderation, considering in particular that the permanent banishment of Internet users who have violated the rules of use of Twitter is not the solution.