Elon Musk buys Twitter – level 3
02-05-2022 07:00
Twitter agreed to sell a 44-billion deal to Tesla CEO Elon Musk; the deal ends the social media platform’s time as a public company.
Twitter has millions of users and global leaders, and the transaction shifts control to the world’s richest man. The company resisted the billionaire’s takeover, but it changed course after Musk unveiled a financial package. It included 33.5 billion dollars from his own fortune.
Musk is an active Twitter user, and he has more than 83 million followers. In the past, he said that Twitter needed to be private to grow and become a genuine platform for free speech. After news of the sale, people called on Musk to return access to the social media platform to former US president Donald Trump.
Difficult words: takeover (when a company buys another company and gets control), unveil (to show publicly for the first time), genuine (truly what something is said to be).
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