TV Channel CNBC

How Elon Musks Twitter takeover plans shook Wall Street and social media







Elon Musk is known for using Twitter to hype everything from colonizing Mars to Teslas autopilot features. Now, hes attempting to buy the underperforming social media network for $44 billion. The deal faces several obstacles, though. Musk now wants Twitter to prove a certain number of its users arent bots, and theres the risk that the deals financing scheme falls apart. Heres how Musks bid for Twitter came together, how the social media company could change under his watch, and how the deal could still fall through.