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Elon Musk finally buys Twitter for $44bn

Elon Musk unveils 'content moderation council' for Twitter

Tesla CEO, Elon Musk has announced that he has completed the purchase popular social media platform, Twitter.

The billionaire made this announcement via his official Twitter page on Thursday.

Earlier this month, he agreed to purchase the micro-blogging platform for the initial offer price of $44 billion.

The news comes months after Twitter filed a notice with the US Securities and Exchange Commission to terminate the acquisition due to bots and phony accounts.

While explaining the reason he brought the platform, Musk said “There is currently great danger that social media will splinter into far right wing and far left-wing echo chambers that generate more hate and divide in our society.”

He continues, “In the relentless pursuit of clicks, much of traditional media has fueled and catered to those polarized extremes, as they believe that is what brings in the money, but, in doing so, the opportunity for dialogue is lost.

“That is why I bought Twitter. I didn’t do it because it would be easy. I didn’t do it to make more money. I did it to try to help humanity, whom I love. And I do so with humility, recognizing that failure in pursuing this goal, despite our best efforts, is a very real possibility.”

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