• Twitter (NYSE:) announced on Monday that the board of directors has unanimously approved Elon Musk’s bid to purchase Twitter.
• This deal still needs to be approved by stockholders as well as certain regulators.
• Crypto industry leaders and public figures began to voice their negative and positive opinions.

Twitter announced on Monday that the board of directors has unanimously approved Tesla’s CEO — Elon Musk’s bid to purchase Twitter stock at $54.20 per share. Musk will be paying approximately $44 billion.

Although it’s expected that the deal will be completed by 2022, approval from stockholders is required.

Musk stated that he hopes that even his worst haters would stay on Twitter after the takeover because “that is what free speech means”.

Many leaders of the cryptocurrency industry and public figures expressed their views after Monday’s announcement.

Many believe the acquisition will lead to the suppression of freedom speech. Media Masters of America expressed their opinion when they said that Elon buying Twitter “would be a victory for disinformation and the people who peddle it”.

A major concern raised by the public is the possibility that inciting violence-incited people might return to the platform.

Jackson Palmer, co-creator of (DOGE), states that he believes the acquisition is a “hostile takeover” and that it goes against the idea of freedom. Musk was congratulated by Anthony Pompliano (a well-known bull).

MicroStrategy’s founder Michael Saylor appears to have also backed the sector after Musk responded with the text the United States Constitution’s First Amendment. This suggests his support for Musk’s move.

Twitter shares currently trade at $51.70. That’s a 32% rise in value over the past month.

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