After weeks of being kept on the edge of our seats, it has just been revealed that Twitter has accepted Elon Musk’s offer to purchase the company. In our previous article, which can be found here, we explained that Musk offered $43 billion to the social media giant, and in a letter sent to Twitter Chairman Bret Taylor, Musk stated that “[this] offer is [his] best and final offer”, though i’m guessing there was a bit of leeway, as it was revealed earlier this evening that he’s agreed to pay $44 billion instead of 43.
A tweet posted earlier this afternoon by Musk, stating “I hope that even my worst critics remain on Twitter because that is what free speech means”, led many to speculate that the talks between Musk and Twitter were going well and that Musk was on the course to acquire Twitter.
A press release was put out in conjunction with this major news, “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… I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans.”
In our previous article, we explained that Musk has secured $46.5 billion in financing – $25.5 billion in loans, and $21 billion in personal equity. His plan for the $46.5 billion, was explained in a recent SEC filing. In Tweets posted by Elon, he has suggested the creation of an “edit” button, which Twitter claims they were already in the process of developing, plus making some changes to Twitter blue, such as lowering its subscription rate, stopping adverts, and adding Dogecoin as a payment option.
But the main thing Elon wants to focus on, is bringing free speech back to the platform, which is notoriously known for its highly selective censorship policies. Before Twitter accepted the buyout, Musk said in a statement that “I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.” Some people have seen Musk’s purchase of Twitter as a negative thing – due to his fetish with neuralink and AI. Many comments online point out the distrust of rich people like Elon, “I trust none of these f***ers, especially the billionaires, it’s not about money with them, it’s about control.” Whether Musk’s telling the truth, we can only wait and see. But rest assured, Voice of Wales, and the countless other alternative media platforms will be watching very closely.
Follow Voice of Wales on Twitch, to be notified and watch us, when we go live