Of course, a story as intense as this one couldn't be without new plot twists, and the latest addition to the scene is none other than the richest man in the world, Elon Musk. At the beginning of April 2022, Musk acquired 9.2% of the social network's total shares, thus becoming the company's majority shareholder. The magnitude of this news put it in the spotlight of all the world's media and set the internet on fire, as well as causing the social network's shares to skyrocket by 25% in pre-market trading .
Shortly after, on April 14, Musk would make his second move, declaring his intention to buy the platform . One of the main reasons behind Musk's moves was his desire to end the path of censorship that the social network was taking, since, as he stated in his letter to shareholders, "he believes in its potential to be the platform for freedom of expression around the world."
Later, on April 25, Twitter announced that it had accepted bosnia and herzegovina number data Elon Musk's $44 billion (just over €41 billion) buyout offer. However, the joy in Twitter was short-lived, as the tycoon left everyone speechless a couple of weeks later with this tweet:
That is, “Twitter agreement temporarily suspended pending details supporting estimate that fake/spam accounts represent less than 5% of users.”
The consequences were not long in coming and the social network's stock market value fell by 20% before the New York Stock Exchange opened. A few hours later, seeing the mess he had gotten himself into and the stock market cataclysm of what was supposed to be his company, Musk tried to patch up the huge gap he had just created by publishing a very brief, "still committed to acquisition ."