MUSK MAKES MONEY MOVES On Oct. 27, 2022, business tycoon and investor Elon Musk became the owner and chief executive officer of Twitter after acquiring the social media company for $44 billion. Though primarily known for his experience in the transportation industry with companies such as SpaceX, The Boring Company and Tesla, Musk first expressed interest in buying the “digital town square” as early as 2017. In January 2022, Musk began acquiring more Twitter shares, and by April he was the largest stakeholder in the company. On April 13, Musk made an official bid to buy Twitter for $43 billion. In the following months, Musk had a public struggle with the platform’s executives and board of directors, even going so far as to announce his termination of the deal in early July, for which Twitter formally sued him. In October, Musk reversed his decision and the acquisition was made official. Immediately after his purchase of the company, Musk replaced multiple top executives and instituted multiple controversial changes to the platform. On Dec. 18, Musk asked Twitter users to vote on a poll deciding whether he should step down, with 57.5% of the over 17 million responses being in favor. Musk announced he would resign as CEO of Twitter “as soon as I find someone foolish enough to take the job.”
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