On April 14, 2022, business magnate Elon Musk proposed to purchase social media company Twitter, Inc., for $43 billion, after previously acquiring 9.1% of the company's stock for $2.64 billion, becoming its largest single shareholder. Twitter had then invited Musk to join their board of directors, which Musk accepted before changing his mind. In response to Musk's proposal, Twitter announced a "poison pill" strategy the next day to allow shareholders to purchase additional stock in the event a buyout should occur. On April 25, Twitter's board of directors unanimously accepted Musk's buyout offer of $44 billion, with the company set to be privatized. As of April 2022, the acquisition is pending approval from regulators and shareholders.
Background
Elon Musk published his first tweet on his personal Twitter account in June 2010, and had more than 80 million followers at the time of the purchase. In 2017, in response to a tweet suggesting Musk buy Twitter, he replied, "How much is it?"On March 20, 2022, the Twitter account of conservative satire website The Babylon Bee was suspended for referring...