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What will Elon Musk do with Twitter? Tesla CEO secures multi-billion pound takeover

US tech tycoon, Elon Musk, completed a takeover worth $44bn (£34.5bn) on Monday after making a shock bid less than two weeks ago. The 50-year-old has vowed to unlock the “tremendous potential” that Twitter has during his ownership. So, what will Mr Musk do with Twitter?

What will Elon Musk do with Twitter?

Announcing the deal Mr Musk said in a statement: “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated.

“I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spambots, and authenticating all humans.”

In recent weeks he has called for a series of changes to the platform such as relaxing its content restrictions to eradicating fake accounts.

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At present, it’s not clear as to who will take charge of the new company, which is currently led by Parag Agrawal.

Who is Elon Musk?

According to Forbes Magazine, Mr Musk is the world’s richest man with an estimated net worth of $273.6bn (approximately £214.72bn).

He runs the electric vehicle maker Tesla and owns the aerospace firm SpaceX.



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