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Bloomberg Tech

Elon Musk Buys Twitter

Bloomberg Tech

Bloomberg

News, Business News, Tech News

4.469 Ratings

🗓️ 25 April 2022

⏱️ 43 minutes

🧾️ Download transcript

Summary

Bloomberg's Emily Chang breaks down billionaire Elon Musk's acquisition of Twitter in a $44 billion deal and what it means for the future of the social media platform, free speech, and his relationship with the SEC. 

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Transcript

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0:00.0

Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

0:09.0

Take part in solutions driven discussions on how to drive business value and unlock opportunity

0:14.8

while remaining nimble in times of change and greater ESG accountability.

0:19.5

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

0:23.7

That's Bloomberg Live.com slash sustainable Biz Singapore.

0:28.0

From the heart of where innovation, money, and power collide.

0:36.0

In Silicon Valley and beyond, this is Bloomberg Technology with Emily Chang in San Francisco and this is Bloomberg Technology coming up in the next hour.

1:00.0

It's official.

1:01.0

Elon Musk has agreed to buy Twitter for $44 billion. The world's

1:07.2

richest man will soon be in charge of one of the most influential social

1:11.8

networks in the world. We've got this developing

1:14.4

story covered from all angles over the course of the hour a new chapter in

1:19.7

tech history. But at the same time that the Musk deal is going through, he tweets another

1:25.5

insult at the SEC calling those who run it, shameless puppets over his ongoing

1:30.6

Tesla feud. What all these jabs might mean when regulators get a look at

1:35.0

this deal. And aside from all the money that's being spent on Twitter the other

1:39.2

big question of course is what happens to everyone who's been banned from it including former

1:43.6

President Trump. How exactly does Elon Musk define free speech? We'll wait

1:47.8

into the thorniest part of this debate. That has perplexed tech

1:52.2

platforms for decades.

1:54.0

We're going to get to all of that in a moment, but first, Elon Musk gets his way,

1:58.0

agreeing to a deal to take Twitter private for $44 billion.

...

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