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 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.
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.