Elon Musk buys Twitter


Elon Musk in 2018. Photo taken by Debbie Rowe. https://creativecommons.org/licenses/by-sa/4.0/deed.en

SpaceX and Tesla CEO Elon Musk has finalized his purchase of the social media company Twitter. The acquisition has been in process since April 2022 and concluded on October 27 with the definitive purchase. The first week of ownership has been highly publicized. Musk has been criticized for laying off many Twitter employees, as was detailed in documents released before the acquisition was finalized.

Edwin Chen, a data scientist who formerly oversaw spam metrics for Twitter expressed concerns in an interview with The Washington Post. Chen believes the layoffs will cause structural weaknesses in regard to management of sensitive material on the app.

“It would be a cascading effect, where you’d have services going down and the people remaining [with the company] not having the institutional knowledge to get them back up — and being completely demoralized and wanting to leave themselves,” said Chen.

Chen is one of multiple critics of Musk’s plans for Twitter. Dan Ives, a financial analyst with Wedbush Securities, also spoke with the Washington Post, speaking critically of Musk’s latest business move.

“The easy part for Musk was buying Twitter and the hard part is fixing it. It will be a herculean challenge to turn this around,” said Ives.

Musk himself has stated that under his ownership, Twitter will be free of censorship– citing the protection of comedic freedom as his reasoning.

“Comedy is now legal on Twitter,” said Musk, in a tweet published October 28.