Deal Done - Musk Buys Twitter

Deal Done - Musk Buys Twitter

Twitter on Monday accepted Elon Musk’s bid to take over the company.

Now, the world’s richest man has control of one of the world’s most influential social media networks.

“The deal has polarized Twitter employees, users and regulators over the power tech giants wield in determining the parameters of acceptable discourse on the internet and how those companies enforce their rules,” the WSJ reports.

GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST

Musk and Twitter management worked through the night to pound out a deal, according to reports earlier today by the New York Times.

The price is $44 billion.

“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,” Musk said in a statement announcing the deal. He said he wanted “to make Twitter better than ever.”

But, the bigger question for the future of Twitter -- and for Musk -- is will false information go unchecked.