Elon Musk's Celebratory Tweet Sparks Grateful Reaction of Crypto Community
Tech billionaire Elon Musk has again unintentionally collected feedback to his tweet from crypto lovers
It has been a year since Elon Musk bought Twitter in October 2022. He has posted a tweet to highlight a year anniversary since he closed the deal on purchasing the social media microblogging platform for $44 billion.
"Freedom," the tech tycoon wrote, citing his own tweet from October 28 last year, in which he had stated "the bird is freed," hinting at the iconic blue bird — the logo of Twitter.
Prominent changes Musk made on Twitter since purchase
The Tesla CEO had to walk a long way before the deal was closed. First, in the summer of 2022, he acquired nearly 10% of Twitter's stock to become the largest single Twitter investor. Then he was invited to become a member of the board of directors, but he rejected this offer. After that, Musk offered to buy Twitter, but his offer was turned down. This was followed by Twitter agreeing to the future purchase, but then Musk suddenly backed out of the deal and was sued for it.
Finally, he did pay $44 billion for the social media giant and rapidly began to cut costs of the company — fired a lot of people from the top management team and average staff, closed local offices in several other countries. Then Musk introduced a mandatory $8 montly fee for blue verification check marks, which previously were given to users for free but based on vague merits. Musk allowed anyone to have those, thus adding income to the company, explaining it by saying that Twitter cannot rely solely on advertisers when it comes to profits.
