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Elon Musk buys Twitter for $44B — crypto industry reacts -Breaking

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Elon Musk buys Twitter for $44B — crypto industry reacts

In the hours and days before Tesla (NASDAQ:) CEO Elon Musk’s purchase of social media giant Twitter (NYSE:), discussions on free speech were common among many online users both in and out of the crypto industry.

Twitter Announcement on Monday that it will become a privately held company following its board of directors accepting a bid from Musk to purchase the firm’s stock for $54.20 per share in cash — roughly $44 billion. Although the deal is expected to be completed by 2022, approvals from both Twitter stockholders and certain regulators are still required.