Elon Musk Privatizes Twitter

On Oct 28, Elon Musk tweeted: the bird is freed. 

Together with a $500 million contribution from Binance, as reported by Coindesk, Elon Musk has completed his $44 billion acquisition of Twitter, thus privatizing the microblogging service. All within 3 days, he fired ex-CEO Parag Agrawal and other top execs, pronounced himself as Chief Twit, fast-tracked changes to Twitter itself, such as ordering that its paid subscription feature, Super Follows, be renamed to “Subscriptions” in a rushed update to Twitter’s mobile app. He has also discussed using Starlink, his satellite-based internet service at SpaceX, to make Twitter available in countries where it is currently hard to access.

Says Elon Musk in a tweet two days before the acquisition is complete: "A beautiful thing about Twitter is how it empowers citizen journalism – people are able to disseminate news without an establishment bias." Twitter is also one of the main social platforms that people who own, trade, collect, make and sell NFTs interact on. We shall see what changes Elon Musk's leadership will bring to the NFT communities living on Twitter.