The news that Elon Musk acquired twitter caused quite a bit of controversy on social media.
Musk is an avid Twitter user and one of the most popular users on the network. In recent past, he used his Social Media profile to manipulate the prices of cryptocurrencies like Bitcoin and Dogecoin. According to the billionaire, his reason for this acquisition is intervening in policing of “free speech” a.
“Well, I think it’s very important for there to be an inclusive arena for free speech,” Musk said in a TED interview. “Twitter has become kind of the de facto town square, so it’s just really important that people have both the reality and the perception that they are able to speak freely within the bounds of the law.”
After weeks of negotiation, the multi-billionaire finally closed a $44 billion deal to secure ownership of one of the world’s largest social media companies.
“The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing,” Twitter’s Independent Board Chair Bret Taylor said of the deal. “The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.”
Podcaster and UFC commentator Joe Rogan reacted live to the news of Musk’s new acquisition.
“And this is where we find ourselves with Elon Musk about to buy Twitter. Apparently, it’s going down,” Rogan told his guest Jessica Kirson. “Elon Musk just bought Twitter. We got a movie star cut type of superhero. It’s like a movie.
“Like if you had a movie, and there was a guy who was like a hero in the movie, who happened to be a billionaire does wild s**t, like makes his own rockets and drills under the city and electric cars.”
The Millionaire podcaster later added that he agrees with Musk’s view on “free speech”.
“Here’s why that’s going to be interesting,” Rogan said. “He believes that free speech is important and not just important, vital for democracy, for a functioning democracy. And I agree with that. And what’s interesting about this is we’re gonna.
“Look, we found out some things about Twitter, and one of the things they do is shadowban people. So they make it so that your content, whatever you put out, has less impact, it has less engagement. They limit your ability to express yourself. They ban accounts.”