Elon Musk buys Twitter

There goes the neighborhood.

Elon Musk formally secured an settlement to buy Twitter Monday (April 25). Information {that a} deal was in the ultimate levels of dialogue broke late Sunday, following weeks of public back-and-forth between the social media firm and the world’s richest particular person.

“Twitter, Inc. (NYSE: TWTR) in the present day introduced that it has entered right into a definitive settlement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in money in a transaction valued at roughly $44 billion,” learn a press launch saying the information. “Upon completion of the transaction, Twitter will grow to be a privately held firm.”

Twitter customers eyed information of the looming sale with all the things from pleasure to trepidation. Alex Stamos, Fb’s former Chief Safety Officer, took a second to name for a function which might permit folks to mass delete their direct messages.

“Hey, Twitter Product Administration: This could be a fantastic week so as to add a ‘Delete all DMs’ button,” he wrote as rumors of a potential sale swirled.

Tweet might have been deleted

Twitter direct messages are, notoriously, not end-to-end encrypted: that means, in fact, that Twitter workers (or probably a vindictive proprietor…) have the technical functionality to learn them.

Tweet might have been deleted

Musk, for his half, has a demonstrated historical past of questionable posts on the platform he now controls.

Nothing can probably go improper.