Elon Musk has officially taken over Twitter.
Business Insider reports that Musk finalized the deal Thursday evening as the company’s stock was purchased for $54.20 per share in a deal worth $44 billion. Shortly after, Musk cleaned house, firing CEO Parag Agrawal, CFO Ned Segal, and Vijaya Gadde, head of legal policy, trust, and safety. Gadde was a primary player in the censoring of the Hunter Biden story.
Musk announced the done deal on Twitter: “the bird is freed.”
the bird is freed
— Elon Musk (@elonmusk) October 28, 2022
Musk released a statement earlier Thursday explaining why he wanted to buy Twitter.
“I wanted to reach out personally to share my motivation in acquiring Twitter,” Musk wrote. “There has been much speculation about why I bought Twitter and what I think about advertising. Most of it has been wrong.”
“The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence,” Musk continued. “There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society.”
“In the relentless pursuit of clicks, much of traditional media has fueled and catered to those polarized extremes, as they believe that is what brings in the money, but, in doing so, the opportunity for dialogue is lost,” Musk continued. “That is why I bought Twitter. I didn’t do it because it would be easy. I didn’t do it to make more money. I did it to try to help humanity, whom I love. And I do so with humility, recognizing that failure in pursuing this goal, despite our best efforts, is a very real possibility.”
“That said, Twitter obviously cannot become a free-for-all hellscape, where anything can be said with no consequences!” Musk concluded. “In addition to adhering to the laws of the land, our platform must be warm and welcoming to all, where you can choose your desired experience according to your preferences, just as you can choose, for example, to see movies or play video games ranging from all ages to mature.”
More over at The Daily Wire:
BREAKING: Elon Musk Officially Takes Over Twitter As Sale Is Now Final, Top Execs Fired, Report Says https://t.co/6kGLBMHZ2D
— Daily Wire (@realDailyWire) October 28, 2022