This month marks one year since billionaire Twitter CEO Elon Musk first offered to purchase the social media platform and take it private – a deal he and an ownership group concluded last November.

Musk’s takeover of the platform and the changes he has made have been the focus of much attention and intrigue as he tries to overhaul Twitter, which has long struggled for profitability.

Musk first announced that he acquired more than 9% of outstanding Twitter shares on the open market on April 5, 2022.

After initially offering Musk a seat on Twitter’s board of directors, the board moved to prevent Musk from attempting a hd in had Musk obtained ownership of more than 15% of the company’s stock.ostile takeover by adopting a "poison pill" strategy that would have kicke

Musk countered that move by offering to purchase Twitter for $54.20 per share or about $44 billion, an amount that was well above the company’s share price and market valuation at the time. 

He wrote that the company had been mismanaged and had violated key free speech principles and added, "Twitter has extraordinary potential. I will unlock it."

Twitter’s board accepted Musk’s offer on April 25, 2022, but by May 13 Musk said the deal was "temporarily on hold" as he looked to gather more information about fake spam and bot accounts on the social media platform.

This March, Musk extended an offer of stock option grants to Twitter employees that valued the company at about $20 billion – well below his purchase price of $44 billion – according to the Wall Street Journal.

Musk wrote in the email to employees, "I see a clear, but difficult, path to a >$250B valuation."

thanks for reading about the Twitter’s wild ride under Elon Musk — 1 year later