A new era has begun in Twitter under the control of "Chief Twit" Elon Musk. Twitter shareholders can now celebrate and collect their payout of USD54.20 per share.
What happens next?
There will be further layoffs after Musk has fired Twitter's Top Executives including Parag Agrawal, Ned Segal and Vijaya Gadde. However these executives will stand to receive separation payouts amounting to USD 122 million which includes a collective USD 65 million from Elon Musk in exchange for shares they held in Twitter which he has now privatised. This is according to research firm Equilar.
Within hours of the acquisition, Elon Musk has been inundated with requests from banned account holders. One of the most visible banned account holders is Donald Trump.
Donald Trump tweeted
"I am very happy that Twitter is now in sane hands and will no longer be run by Radical Left Lunatics and Maniacs who truly hate our country"
Will Twitter be a free speech platform or "hellscape"?
Elon Musk has a daunting task ahead to set the parameters of Twitter so that while free speech is allowed, it must not transcend into "hellscape".
Elon Musk has said that he sees Twitter as a foundation for creating a "super app" that offers everything from money transfers to shopping and ride hailing.
Will he succeed? Only time will tell. But knowing Elon Musk, he will give it a good shot. The "Bird" is now free for Elon Musk to guide it the way he wants it to be.
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