Twitter Erupts With Hot Takes Over Elon Musk Buying Twitter: ‘Libs Literally Owned’

 
Elon Musk

Suzanne Cordeiro/AFP/Getty Images

Elon Musk reached a deal to buy Twitter for $44 billion Monday, and reactions to the transaction on the platform ranged from panicked to jubilant.

The company announced through a press release it had entered a “definitive agreement” with the world’s richest man after he secured the cash to make the offer.

“Under the terms of the agreement, Twitter stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction,” the company said. “The purchase price represents a 38% premium to Twitter’s closing stock price on April 1, 2022, which was the last trading day before Mr. Musk disclosed his approximately 9% stake in Twitter.”

After the company hands over the keys to Musk, it will go private.

The Tesla and SpaceX CEO has said he intends to both unlock the potential of Twitter and to focus on free speech. Just before it was announced he will own the company, Musk posted he hopes those who disagree with him stay on his platform.

Musk’s coming ownership of the platform was predictably met by hot takes:

While Musk shared a sentiment Twitter will be a space for all, many on the left had a difficult time digesting the news.

Some users on the right naturally celebrated, being that the platform has come under fire for targeting conservative accounts in recent years.

Musk himself also joined the fray, sending out his first tweet since the takeover was made official on Monday afternoon.

Tags: