The turbulent ride that has been Elon Musk’s purchase of Twitter may finally be over. A new tweet from Musk delivers a message to advertisers about the future of the platform, in which he discusses “why I bought Twitter”. The deal had to be done by Oct. 28 by court order, and with this new message it seems like it may finally be closed.
The full tweet goes on to say that Twitter should be “a common digital town square, where a wide range of beliefs can be debated in a healthy manner.” He adds however that “Twitter obviously cannot become a free-for-all where anything can be said with no consequences.” Musk is expected to bring back former President Donald Trump under his free speech “town square” approach, after he was permanently suspended for inciting violence.
Initial reports about the deal getting nearer to a close suggested that Musk would cut the Twitter workforce by 75%. Musk is said to have comforted employees on his first visit to the Twitter HQ yesterday, suggesting that this is untrue. If Musk has closed the deal, it won’t be too long until we find out what his approach is to make a profit from his purchase. A tweet today from Musk actually hints that prolific Tweeters may also be compensated for their work.
Musk was previously in a court case with Twitter after he tried to back out of the purchase. A Delaware judge ordered a deal be settled between the billionaire and the social media giant by Oct. 28, or face further legal battles. With just one day until this deadline and Musk’s new Tweet talking about his purchase, it seems the deal is officially done. We’re still waiting for word from Twitter about the state of the deal, which we’ll be sure to share as it comes.
How do you feel about Musk’s purchase of Twitter? Let us know in the comments below, and keep your eyes on TeqLuster for more tech news.