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Elon Musk Acquires Twitter for $ 44 bn

Published on April 26, 2022
Current Context: Citing Twitter to become an epitome of free speech, Elon Musk has acquired Twitter.
Elon Musk Acquires Twitter for $ 44 bn
  • World’s richest Person Elon Musk, valued at $279 bn, has acquired Twitter for a whopping 44 bn USD. He had earlier made an offer too, however, the Twitter board resorted to the Poison Pill Strategy, in order to rethink the offer.
  • Twitter is a social media platform used by heads of states across the globe for tweets and public communication. It is therefore a very important platform, which Elon Musk believes should be the harbinger of free speech.
  • Twitter has a user base of 200 million currently and has been at the center of political dialogues because of its ability to contain the threats of hate speech and biased news. Twitter has earned a good name in the socio-political space.

Question:

Q.1 Which entrepreneur has bought Twitter recently for 44 bn USD?
a. Jeff Bezos
b. Elon Musk
c. Ratan Tata
d. Satya Nadella
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