Twitter has gotten a new Owner

Twitter has confirmed  sale of the company  to  Richest man in the world Elon Musk for $44 billion making Twitter a private company.

Elon musk strikes a deal to buy twitter .

The deal was cemented roughly two weeks after Musk  first revealed a 9% stake in the platform.The billionaire said last week that he had lined up $46.5 billion in financing to buy twitter ,applying pressure on the company’s board to negotiate the deal .

Elon musk said in a joint statement with Twitter  that  he want to make the service “Better than ever” with new features such as getting rid of  automated “spam ” accounts and making its algorithms open to the public  to increase trust .

“Free speech  is the bedrock of functioning of democracy  and twitter is the digital down square  where matters vital to the  future of humanity are debated ,” said Elon musk .

The more handsoff approach  to content moderation that  Musk’s envisions  has many users concerned  that the platform will become more if a haven  for disinformation, hate speech and bullying something it has worked hard in recent years to mitigate . Wall street analyst says if he goes too far , it could also allienate advertiser’s .

Twitter has said that  the transaction done with Elon musk was unanimously approved  by its board of directors  and is expected to close in 2022, pending regulatory sign off  and the approval of associated shareholders .