Written by on October 28, 2022


Shared By Peter Boykin – American Political Commentator / Citizen Journalist




It’s official. After months of speculation, Elon Musk has purchased Twitter.


Musk, who also owns Tesla and SpaceX, wasted no time letting everyone know there was a new sheriff in town at the social media company:


First he changed his Twitter bio to read “Chief Twit”


Then he tweeted: ‘the bird is free”


What it cost: Musk paid $44 billion for the company – roughly $54.20 per share. This is in line with the original offer he proposed back in April.


Taking out the trash: In the first 24 hours as the sole owner of the social platform, Musk fired CEO Parag Agrawal, CFO Ned Segal, and General Counsel Sean Edgett.


Musk also fired Vigaya Cadde – the woman who made the decision to ban President Trump while he was still in office.


What happens next?


Bloomberg is reporting that Musk intends to become Twitter’s CEO and reverse lifetime bans on users [Trump?]. Other than that, I see two things to keep an eye on:


1️⃣ Free speech: Musk has made it very clear that this purchase is about preserving free speech.


In an open letter, Musk wrote: “The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner… That said, Twitter obviously cannot become a free-for-all hellscape.”


If you’re wondering what free speech looks like in a Musk-controlled Twitter, he said this back in April: “By ‘free speech,’ I simply mean that which matches the law.”


2️⃣ Profitability: Twitter, in its never-ending quest to build woke-topia, was not a financially successful company. Musk obviously needs to turn that around if he wants to successfully run this free speech platform.


There were reports that Musk plans to fire 75% of the staff, although there are reports that he told staff otherwise when he visited.


In the same letter referenced above, Musk told advertisers: “Twitter aspires to be the most respected advertising platform in the world that strengthens your brand and grows your enterprise.”


I’ll leave you with a final piece from Musk’s open letter:


“I didn’t do it because it would be easy. I didn’t do it to make more money. I did it to try to help humanity, whom I love.”


Note: hoping to have verified twitter @peterboykin back soon and a few others lost

[Source: Daily Wire, Axios]



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