Elon Musk’s stop-start plan to buy Twitter for $44bn has often seemed like an impulsive move by the world’s richest person.
But the Tesla and SpaceX chief now insists the deal is part of a masterplan to launch an “everything app” incorporating messaging, payments and commerce that has been more than two decades in the making.
“Buying Twitter is an accelerant to creating X, the everything app,” Musk tweeted on Tuesday after his lawyers told the social media company he planned to proceed with the purchase at the original price of $54.20 per share. The deal is contingent on debt financing and an end to the bitter months-long legal battle to back out.
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