The Elon Musk closed his purchase of Twitter this week was wall-to-wall news. With the former executive team out, jokes in and Musk now at the helm of social services, a long chapter in technology history has been written.
Opinions vary on what’s next for Twitter, whether it’s looser content moderation guidelines or the return of certain banned users. What Musk plans to do with his new company — a legal entity he sought to influence in various ways, board, buy, not buy, and ultimately buy — will become clearer in the coming weeks and months.
You won’t be able to miss the coverage given Twitter’s central place in the news cycle and Musk’s ability to hold press attention.
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But before we wrap up this period of tech history, we’d be remiss not to compare the new value of social businesses with the price Musk pays for Twitter. Before the deal was closed, it was clear that Musk was overpaying for Twitter based on the changing value of tech stocks since the transaction was agreed.