Summary of Reality of Elon Musk Twitter Takeover | Forced $44 Billion Deal | Dhruv Rathee

00:00:00 - 00:15:00

In this video, we learn about the backstory of the $44 billion purchase of Twitter by billionaire Elon Musk. After criticizing the platform on Twitter, Musk bought the company in March of 2022, and has since been working to overhaul the company. Twitter sued Musk, and he was eventually forced to acquire the platform. The story ends with speculation about the future of Twitter under Musk's ownership.

• 00:00:00 In this video, we learn about the backstory of the $44 billion purchase of Twitter by billionaire Elon Musk. After criticizing the platform on Twitter, Musk bought the company in March of 2022, and has since been working to overhaul the company. Twitter sued Musk, and he was eventually forced to acquire the platform. The story ends with speculation about the future of Twitter under Musk's ownership.
• 00:05:00 Elon Musk attempted to take over full control of Twitter, but was met with resistance from the company's then CEO, Parag Agarwal. After a series of text messages revealed tensions between the two, Musk backed out of the deal, citing concerns about the number of bots on the platform.
• 00:10:00 In this video, Twitter CEO Jack Dorsey is interviewed about a court case Elon Musk filed against Twitter. According to Dorsey, Musk's actions led to decreased revenues for the company, and he was required to pay a $1 billion fee as a result. Musk also attempted to back out of a deal to purchase Twitter, citing fears of World War III, but eventually agreed to the original offer. The employees working at Twitter expressed their concerns that they would be fired by Musk, but he was eventually replaced by a new CEO.
• 00:15:00 In this video, we learn about the takeover of Twitter by Elon Musk. Employees of Twitter wrote an open letter protesting the deal, claiming that it would not help Twitter in the future, but on 27th October 2022, the deal was finally closed. Musk became the new CEO of Twitter, and put his plans for Twitter in front of the public, which were truly shocking. First, he shared his idea that he wants to make Twitter like the Chinese app WeChat. Not only can people Tweet on it, but also people would be able to chat on it, video call each other, play video games, and even make payments. Second, he revealed that he would give the blue tick marks that you see on Twitter, which are normally given to famous and notable people, to everyone at the cost of $8 per month. However, the critics claim that since Musk spent a large amount on Twitter, he wants to recover it somehow. He is left with no other source, so he's trying to draw money from anywhere he can, by making any feature 'paid'.