Elon Musk: “Comedy is now legal on Twitter”

Tesla CEO Elon Musk took over Twitter after Twitter CEO Parag Agrawal and Chief Financial Officer Ned Segal left the company’s San Francisco headquarters.

According to CNBC’s David Faber, The businessman had until this Friday to complete his $44,000 million purchase of Twitter or he would have faced a legal battle with the company.

Elon Musk said on Twitter on Thursday He buys the social network because “it is important for the future of civilization to have an online public space where a wide variety of ideas can come together. Discuss in a healthy way without resorting to violence”.

However, after the acquisition, Tesla CEO made a series of announcements. For example, he recently sent a message on his official account that aroused the curiosity of users:

“Twitter will set up a content moderation council with a wide range of views,” the message continues. “No major content decisions or account reinstatements will be made before this council meets.”

This debunks the rumor that Musk plans to activate permanently suspended user accounts., such as former president Donald Trump and his possible return to the social network.

“I’m so glad Twitter is now in the hands of a sane person and no longer run by lunatics from the radical left and maniacs who really hate our country.”wrote to former President Trump in a message posted on his Truth Social platform.

Now he has posted the following message: “Comedy is already legal on Twitter.”

Company acquisition process

Twitter and Musk signed a contract at the end of April to take over the millionaire’s bluebird network. However, Musk unilaterally wanted to withdraw from the deal in July.

Musk showered Twitter with criticism before and after the deal was signed, especially accusing users of censoring and not adequately fighting against spam and fake accounts.

The billionaire founder of Tesla justified his stepping back in the purchase agreement, stating that the proportion of automatic accounts on the social network is much higher than the 5% declared by the company.

The company filed a lawsuit to force him to honor his commitment, and it looks like he had a shot at winning in court.

Then, as the day of the trial approached, Musk decided to continue the acquisition at the $44 billion price agreed in April.

The April deal was greeted with skepticism by sectors farther left of the US political spectrum and elated by sectors to the right, given Musk’s idea that he could loosen rules and content moderation.

“The easiest part for Musk was buying Twitter” Wedbush analyst Dan Ives said in a note Thursday. He predicted that the challenge for the world’s richest man would be to “repair this distressed asset.”

He stated that the operation will be recorded as “one of the highest paid technology acquisitions” in history.

At the close of this Thursday, Twitter shares were at $53.70, close to the value set in the buyout agreement.

*With information from AFP