Musk Buying Twitter? His Tweets Show That's Hashtag Bad Idea (UPDATED)
Twitter’s board is close to a deal allowing Elon Musk to buy the company and take it private, in alarming news for anyone who doesn’t want a major social media platform controlled by an egomaniacal billionaire ranting about free speech while his signature company is being sued for racial discrimination.
Musk’s initial offer/threat to buy Twitter drew skepticism, but talks turned serious after he made progress in lining up financing, though it’s not yet a done deal and could—especially given who we’re talking about here—fall apart, perhaps in spectacular fashion.
According to The New York Times, “An agreement is not yet final and may still apart, but what had initially seemed to be a highly improbable deal appeared to be nearing an endgame. The situation involving Twitter and Mr. Musk remains fluid and fast-moving, the people with knowledge of the situation said.”