Musk has taken over Twitter

Kevin Hofer

28.10.2022

Translation: machine translated

What has been looming over the last few weeks is now semi-official: on Thursday, billionaire Elon Reeve Musk bought the short message service Twitter for 44 billion US dollars.

Further, things are likely to get tight for many of the company's employees. Although Musk is unlikely to lay off 75 percent of the 7500-strong workforce, there are likely to be layoffs. Musk will also have to look for new sources of revenue for the struggling company.

This ends a saga that began in January when Musk took a large stake in Twitter stock. After that, Musk at one point wanted to take over the company outright, and then again he did not. This resulted in a legal dispute that should now be over with the takeover.

Kevin Hofer

Senior Editor

kevin.hofer@digitecgalaxus.ch

From big data to big brother, Cyborgs to Sci-Fi. All aspects of technology and society fascinate me.

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