NEWS OF THE WEEK: Elon Musk buys Twitter for $44 billion

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1 May 2022 at 9:00 am

NBC reports that Twitter has officially accepted billionaire Elon Musk's $44 billion offer to buy the social media company and take it private. The announcement was made on April 25. In response, the stock was halted until the news broke but was up over 6% once trading resumed. "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." Elon Musk, Press release, via NBC.

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NEWS OF THE WEEK: Elon Musk buys Twitter for $44 billion

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