After six months of wrangling and delaying tactics, Elon Musk’s deal to buy Twitter finally closed late Thursday, according to reports — leaving Twitter employees facing a very different picture than the one they contemplated in April
another over the weekend: “As a Twitter employee, this is probably one of the worst cases of the Sunday Scaries I’ve ever had.”The Musk-Twitter deal has been a seemingly endless series of offers, counteroffers, retractions, reversals and aborted plans. After backing out of his initial deal to buy the company for $44 billion earlier this year, Musk announced this month that he was resuming the acquisition, stalling a lawsuit against him in Delaware’s Court of Chancery.
“A beautiful thing about Twitter is how it empowers citizen journalism — people are able to disseminate news without an establishment bias,” he wrote in one tweet. Another post found him trying to square two conflicting impulses at the root of Twitter’s business model: the need to cultivate an ecosystem that third-party advertisers want to appear on, versus Musk’s frequently stated desire for the platform to be maximally hands-off when it comes to moderating users’ posts.
“The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated,” wrote Musk, who in the past hasYet at the same time, Musk continued, “Twitter obviously cannot become a free-for-all hellscape, where anything can be said with no consequences!”
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