Elon Musk has purchased a 100% stake in Twitter for around $44 billion, or $54.20 per share, in cash. For some weeks, the microblogging site has been weighing Musk’s offer. Musk previously stated that Twitter had “amazing potential,” which he wishes to realize. After the transaction is completed, Twitter will become a “privately held business.” “Free speech is the backbone of a functioning democracy, and Twitter is the digital town square where things crucial to the future of humanity are argued,” Musk says in the official Twitter press release announcing his acquisition.
🚀💫♥️ Yesss!!! ♥️💫🚀 pic.twitter.com/0T9HzUHuh6
— Elon Musk (@elonmusk) April 25, 2022
Republicans have asked Elon Musk to restore the account of former US President Donald Trump after Musk bought Twitter.
Hey, @elonmusk it's a great week to free @realDonaldTrump.
— House Republicans (@HouseGOP) April 25, 2022
Twitter has been chastised by Republicans for barring former President Donald Trump and other prominent conservatives. During Trump’s presidency, his Twitter account, which had over 88 million followers, was his major means of contact. He claimed his loss in the November 2020 election was due to rampant voting fraud on Twitter, and he asked followers to travel to Washington on Jan. 6, 2021, to protest the election outcome at the US Capitol.
Days after the Capitol was stormed, Twitter announced that Trump’s account will be permanently suspended owing to the potential of further instigation of violence. Following Musk’s takeover of Twitter, political activists believe Trump’s account will be restored.
