Elon Musk Purchases Twitter


Liam Kenny, Staff Writer / Media Production

Over the last decade, social media seems to be the deciding factor as to how we live our lives. It changes the way we think, influences our decisions and overall, it determines the way we live. Many times, we are so focused and interested on what is being posted on social media, we don’t think about what is going on behind the scenes! 

From a recent survey given, Carolina Forest students mostly use Instagram, Snapchat and Tiktok, but one platform we don’t talk about or use as much is Twitter.

Twitter emerged from the podcasting venture Odep and was discovered on March 21, 2006, in San Francisco, California by Jack Dorsey, Biz Stone, Evan Williams and Noah Glass. 

By 2012, more than 100 million users posted 340 million tweets a day, and the service handled an average of 1.6 billion search queries per day! This social media platform is used by friends, family, and coworkers to communicate and stay connected through the exchange of quick, frequent messages.

According to britannica.com, On April 24, 2022, at 9:43 AM EDT, Elon Musk offered to buy the remaining shares of Twitter for $54.20 per share. That values the company at more than $43 US dollars.

Elon Reeve Musk (age 50) is an entrepreneur, investor and business magnet. Musk is most known for being the founder, CEO and chief engineer at SpaceX, as well as the Angel investor, CEO and Product Architect of Tesla. Musk is also the founder of The Boring Company and the co-founder of Neuralink and OpenAl. According to paycheck.in, as of April of 2022, Musk’s net worth is $273 billion US dollars.

In a securities filing, Musk stated “I want to make Twitter a private company because I believe that free speech is a societal imperative for a functioning democracy. Twitter will neither thrive nor serve this societal imperative in its current form.” In other words, Musk wants to make Twitter a place where you have the freedom to say or post whatever you want and not have your comment or post removed for saying or posting about what you believe in.

We can sometimes get so wrapped up in what is happening on social media that we don’t think about how much money is involved for these particular platforms to function. Elon Musk and his purchase of Twitter is one of the most controversial news stories out there.