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The Morning After: Elon Musk is buying Twitter

For just $44 billion.

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Mat Smith
April 26, 2022 7:15 AM
In this article: themorningafter, gear, newsletter
Elon Musk's twitter account is seen on a smartphone in front of the Twitter logo in this photo illustration taken, April 15, 2022. REUTERS/Dado Ruvic/Illustration
Dado Ruvic / reuters

This morning’s tech headlines are heavy on Musk. While the SpaceX and Tesla boss is still chasing hyperloop glory, yesterday Twitter accepted Elon Musk's buyout offer of $44 billion — more than anyone else would have likely paid for the social network.

Musk has already said he’ll take the company private and added he wants to upgrade Twitter by protecting free speech, open-sourcing algorithms, fighting spambots and "authenticating all humans."

Now, there's no-one the internet and tech media loves to predict or bet against more than Elon Musk. What's odd is that Musk laid out his interest in Twitter so explicitly. He tweets so much. He makes headlines, not only in specialist press but across TV networks and major newspapers, with his casual missives running the gamut from typo-riven banter — how I deal with Twitter, to be honest — to angering America's Securities Exchange Commission and facing repercussions for it.

I’m interested to see how it compares to Jeff Bezos’ purchase of The Washington Post, which now seems like a sensible, innocuous media purchase in comparison. The Amazon founder has been pretty hands-off, as he said he would be.

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Bezos paid $250 million for a journalistic institution. Musk is offering up 176 times more for Twitter. How messy could it possibly get?

— Mat Smith

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