The $44 billion question
Post Reports
The Washington Post
4.4 • 5.1K Ratings
🗓️ 26 April 2022
⏱️ 21 minutes
🧾️ Download transcript
Summary
What will Elon Musk do with Twitter? Today on “Post Reports,” we talk about what’s next for one of the world’s most influential communication platforms.
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Elon Musk, the world’s richest person, will buy social media site Twitter for about $44 billion after weeks of back-and-forth with the company. Musk now holds the future of the platform in his hands, and critics fear his strong belief in free speech could lead to more misinformation and hate speech on the platform. Will Oremus explains what we know about Musk's plans and what this could mean for the rest of us.
Transcript
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| 0:00.0 | This week there is some big news about the world's richest person and one of the world's |
| 0:06.5 | most influential companies. |
| 0:08.7 | Elon Musk bought Twitter. |
| 0:16.7 | The Twitter board accepted his bid to buy the company outright for about $44 billion. |
| 0:23.1 | Will Ariemas covers tech for the post? |
| 0:26.1 | This was a bid he had made a couple weeks ago. |
| 0:28.5 | It looked like the Twitter board was going to resist it. |
| 0:31.3 | Eventually they decided to accept it and it will soon become Elon Musk's company. |
| 0:35.7 | He will take it private so it will no longer be a publicly traded company on the stock market. |
| 0:40.3 | And why did Twitter accept this? |
| 0:41.9 | I mean they made such a big deal about not wanting to be owned by Elon Musk talking about |
| 0:46.1 | this poison pill thing that they'd rather damage their own company than give it over to |
| 0:51.2 | this guy. |
| 0:52.2 | So they just rolled over and said, here you go. |
| 0:54.6 | Yeah, basically. |
| 0:58.1 | In the newsroom of the Washington Post, this is Post Reports. |
| 1:01.5 | I'm Martin Powers. |
| 1:03.4 | It's Tuesday, April 26th. |
| 1:05.6 | Today, how Elon Musk owning Twitter could affect the conversations we're all having. |
| 1:22.5 | Once Musk made a bid, that put the company in play. |
| 1:25.7 | They adopted what was called that poison pill provision that would make it harder for |
| 1:29.8 | Musk to acquire the company via a hostile takeover. |
... |
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