![]() Under pressure, Twitter started negotiating with Musk to buy the company at his proposed $54.20 per share price. Musk has also advocated user-friendly tweaks to the service, such as an edit button and defeating "spam bots" that send overwhelming amounts of unwanted tweets.ĭiscussions over the deal, which last week appeared uncertain, accelerated over the weekend after Musk wooed Twitter shareholders with financing details of his offer. Conservatives cheered the prospect of fewer controls while some human rights activists voiced fears of a rise in hate speech. Political activists expect that a Musk regime will mean less moderation and reinstatement of banned individuals including former President Donald Trump. He wants Twitter's algorithm for prioritizing tweets to be public and objects to giving too much power on the service to corporations that advertise. Musk, who calls himself a free speech absolutist, has criticized Twitter's moderation. It is a seminal moment for the 16-year-old company, which emerged as one of the world's most influential public squares and now faces a string of challenges. NEW YORK (Reuters) - Elon Musk clinched a deal to buy Twitter Inc for $44 billion cash on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world's richest person.
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