Elon Musk, world’s richest man, reaches deal to buy Twitter for $44bn

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Elon Musk, world’s richest man, reaches deal to buy Twitter for $44bn
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Tesla chief executive will gain control over social network he has criticized over its handling of ‘free speech’

The company, which launched in 2006, currently has a market cap of nearly $40bn. Its co-founder Jack Dorsey stepped down as chief executive officer in November 2021, handing the reins to Agrawal, the company’s former chief technology officer.as early as 2017 expressing interest in buying the company. He has signalled that Twitter needs to be transformed as a private company in order to build trust with users and do better at serving what he calls the “societal imperative” of free speech.

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