Twitter Inc initially founded by Jack Dorsey and three other companions in San Francisco in the year 2006 is now owned by the Tesla owner Elon Musk. Elon Musk purchased Twitter Inc for $44 billion on Monday.
Twitter which has been a public platform for 16 years now, moves into a private entity after the deal was signed.
Twitter is a platform where its users are free to post their opinions and thoughts known as tweets along with hashtags that find a place in a daily trending list of twitter.Twitter has also been a platform where the news of the world first happens to be noticed. However there are few limitations for the popular app that the new owner tries to change.
Elon Musk said at the deal yesterday that he plans in increasing free speech that can take place in twitter.
He cited- “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”.
He had previously expressed interest in adding an edit option on twitter, which twitter initially failed to add in its technology.
Twitter users are excited for the change in ownership as they are looking forward for more changes in the app.
Parag Agrawal, the CEO of Twitter has said that he is unaware of the direction the company will go in once Elon Musk takes over and privatizes the company.
As Elon Musk is already a successful businessman, netizens and twitter users trust in his abilities that will bring a change to the already successful app.
Following Facebook and co, Twitter joins the bandwagon of social networking apps that changed from public to private and promises to be in demand for generations after for the unique form of social media it displays in the form of ‘tweets’.
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