The Daily Can Elon Musk Get Out of Buying Twitter?
7 snips
Jul 12, 2022 
Kate Conger, a technology reporter for The New York Times, dives into the twists and turns of Elon Musk's $44 billion Twitter acquisition saga. She discusses Musk's initial ambitions for the platform, including his controversial views on free speech and bot accounts. As Musk attempts to back out of the deal, Conger unpacks the legal fallout and the uncertainty now faced by Twitter. Exploring the tension between Musk's lofty goals and the platform's current instability, she highlights what this means for the future of social media.
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Initial Offer
- Elon Musk offered $54.20 per share for Twitter, totaling $44 billion.
- The offer was higher than Twitter's share price but lacked detail.
Musk's Vision for Twitter
- Musk expressed his vision for Twitter in a TED Talk, emphasizing free speech and content moderation.
- He aimed to reduce restrictions and allow more content, as long as it remains legal.
Twitter's Reaction & Acceptance
- Twitter initially reacted with shock and confusion to Musk's offer and proposals.
- Despite internal resistance, Twitter accepted the deal due to the share price and lack of other offers.