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Tesla CEO Musk completed a $44 billion acquisition of Twitter

Tesla CEO Musk completed a $44 billion acquisition of Twitter

Musk tweeted on the same day that he hoped the company would continue to provide a platform for people to express different opinions. In addition, Musk also said that he hopes to make Twitter's algorithm public to clarify the specific logic of content recommendation and blocking. After the transaction is completed, Twitter's common stock price is $54.20 per share, which is 38% higher than the closing price on April 1, 2022.

Tesla CEO Musk completed a $44 billion acquisition of Twitter
Tesla CEO Musk completed a $44 billion acquisition of Twitter

Event review: In early April, Twitter announced that Musk would become a member of Twitter's board. In response, Musk said that he looks forward to working with Twitter CEO Parag Agravar and the board of directors to make significant improvements to Twitter in the coming months. Subsequently, Twitter CEO Agravar announced that Musk would no longer join the board. Musk then launched a buyout of Twitter, offering to buy 100 percent of Twitter's shares and take it private. (Compiler: Pacific Auto Network Liu Yunqing)

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