Elon Musk Takes Over Twitter Elon Musk, the billionaire, announced his desire to acquire Twitter on

Elon Musk, the billionaire, announced his desire to acquire Twitter on April 14. He made an all-or-nothing bid of $44 billion for Twitter. The Twitter board first rejected the offer. But later, they had a change of heart and accepted the offer.

On October 27, 2022, Elon Musk became the CEO of Twitter. Since then, the company has implemented new rules, made layoffs, and allowed accounts that had been suspended to resume use.

Massive layoffs occurred at Meta, Twitter, and Amazon, and some of the biggest internet companies in the world lost value totaling more than $3.2 trillion. This trend is expected to continue for many more companies in the coming year.