Elon Musk Twitter Deal Complete

In a surprise confirmation today Elon Musk agreed to buy Twitter at the agreed upon price of $54.20

Twitter issued this statement about today's news: We received the letter from the Musk parties which they have filed with the SEC. The intention of the Company is to close the transaction at $54.20 per share.

— Twitter Investor Relations (@TwitterIR) October 4, 2022

What does this mean … for twitter and for the world?

For twitter there will be blood.

Twitter CEO, Parag Agarwal, is not likely to remain given the many instances of derision from Elon Musk including a notable poo emoji. There is no respect there.

💩

— Elon Musk (@elonmusk) May 16, 2022

For the rest of the team and especially the engineering teams, Elon musk had this to say.

I strongly believe that all managers in a technical area must be technically excellent.

Managers in software must write great software or it’s like being a cavalry captain who can’t ride a horse!

— Elon Musk (@elonmusk) May 6, 2022

So expect high employee churn at Twitter while Elon does what he does best.

What about the rest of us?

Expect that in about 6 months you will start seeing significant changes emerge with Twitter. Starting perhaps with the much vaunted “edit” button.

Also expect interesting experiments around monetization such as “pay to tweet” for companies. Also expect the integration of Doge, the comical crypto currency strongly supported by Elon.

Twitter isn't the most interesting place on the internet. Can it be?

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