Technology

Elon Musk Promises Changes, Delivers, After Purchase of Twitter

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After a months-long process, which included legal wrangling and the prospect of an upcoming trial, Elon Musk has finalized the purchase of Twitter, a social networking service that was founded in 2006. This process lasted more than six months, from April 14 to Oct. 27, and cost $44 billion, of which $33 billion is being provided by Musk with the remainder coming through loans.

Some of the immediate concerns that were raised by users, prospective advertisers and others was Musk’s earlier statement that Twitter would now be a beacon of free speech – i.e. without moderation. However, on the same day that the sale was finalized, he said that Twitter cannot be a “free-for-all hellscape” and that there will be appropriate “consequences” for what is said if they are deemed necessary.

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