He agreed with Musk's aim to create a “maximally trusted and broadly inclusive” platform.
“I’m so happy Twitter will continue to serve the public conversation,” he said.
“Around the world and into the stars!”
Critics have since raised concerns regarding his stance as a “free speech absolutist”. There have also been speculations that he could relax Twitter's content moderation rules and allow the return of certain suspended accounts.
News of Musk's takeover soon spread to Twitter, and well, the internet did what it does best...
elon musk spending $43 billion to stop getting bullied on twitter when he could\u2019ve simply been less annoying is insane
Remember like two weeks ago when Elon was like \u201ctell me how to end world hunger and I\u2019ll do it\u201d and then he bought twitter for $44 billion instead
— river butcher \ud83e\udd20 (@river butcher \ud83e\udd20)
elon musk really bought twitter for $45 billion when i got that sh\u0456t for free on the app store
— kira \ud83d\udc7e (@kira \ud83d\udc7e)
Musk's offer came after buying a nine per cent stake in the company and joining its board. He then decided he wanted to "unlock the potential" of the platform and offered his takeover bid.
Twitter initially resisted and enacted an anti-takeover measure known as a "poison pill" to make it more difficult and expensive to acquire. The board later opted to negotiate after Musk updated his proposal.
Following the agreement, Musk described Twitter as “the digital town square” in a joint statement with the social media platform.
"Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” he said, adding that he wants to make Twitter "better than ever."
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