CURRENT AFFAIRS

Detailed explanation-1: -Elon Musk became the owner and CEO of Twitter on October 27, 2022, after acquiring the social media company for $44 billion. What follows is a timeline of events leading up to Musk’s acquisition of Twitter and the changes implemented under his leadership.

Detailed explanation-2: -Tesla CEO Elon Musk completed the deal to acquire Twitter at his original offer price of $54.20 a share at a total cost of roughly $44 billion.

Detailed explanation-3: -A lot has happened since Elon Musk completed his acquisition of Twitter last month-layoffs of thousands of employees, firings of engineers critical of him and an impersonation of an official Eli Lilly account that caused the pharmaceutical company’s stock to drop.

Detailed explanation-4: -Musk has said the acquisition of Twitter was part of his “grander vision” of creating a super app in Western markets. “It’s a pretty grand vision and, of course, that could be started from scratch, but I think Twitter would accelerate that by three to five years, ” he said in August.