South African born billionaire, Elon Musk, has now become the official owner of popular social media platform, Twitter. The platform has released a statement confirming the sale of the platform for $44 billion.
“The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders,” Bret Taylor the company’s independent board chair, said in a statement.
Musk, the CEO of Tesla and SpaceX, reiterated his plans to remake Twitter as a forum dedicated to promoting free speech.
“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,” he said in a statement.