One of the most well-liked social media platforms in the world, Twitter is used for a variety of purposes, including venting, sharing hot views, contacting customer support, and simple snooping.

With 219 million daily active users, it’s not surprising that the network regularly hosts everything from amusing memes to heated arguments.

Following the technology company’s most recent acquisition, one of the most popular subjects of conversation on Twitter right now is the business itself.

Users of the app and website were still in shock after learning the news, despite the fact that conversations have been ongoing for months.

Who is the owner of Twitter?

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Elon Musk now owns Twitter Inc. after the Tesla founder and businessman purchased the social media service on April 25 for $44 billion (about £34.5 billion).

The social media site approved a purchase bid valued at $54.20 per share (£42.74).

In a series of tweets on the deal, former Twitter CEO Jack Dorsey praised both Musk and the business’s new CEO, Parag Agrawal, for “pulling the company out of an untenable scenario.”

“My one grievance and major regret has always been with Twitter as a business. Wall Street and the advertisement model have owned it. The right first step is to take it back from Wall Street, he said.

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Although Twitter is a publicly-traded company, the owner of SpaceX has declared his desire to “transform” the business by making it private.

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