The wealthiest person in the world and the Chief Executive Officer (CEO) of the most valuable automotive company, TESLA, officially bought the majority share of Twitter. A done deal valued at around $44 billion to secure his position as a majority shareholder and become the de-facto owner of the company.

Twitter’s Board unanimously approved the deal of Directors after it was revealed last week that Elon Musk has lined up $46.5 billion in total financing to set up his official bid for its majority shares.

Elon Musk, who has been insistently vocal with his views on the company’s social media platform, has recently provided a controversial statement stating that he wants to make Twitter “better than ever.”

Musk then tweeted a statement he recently provided:

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated.”

Musk proceeded:

“I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spambots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”

Following the buzz of the official announcement made by Twitter, the company’s share price went up by 5.5% before the sudden and significant company disclosure officially halted trading.

Musk made clear that his advocacy for free speech is as solid as an immovable rock. In a statement, he confidently said, “I hope that even my worst critics remain on Twitter because that is what free speech means”

Musk recently turned down the offer of a seat on the Company’s Board of Directors and instead revised his management interest and outright offered to buy the company’s majority share instead.

Musk repeatedly mentioned that his goal is to bolster free speech on the platform and work to “unlock” Twitter’s “extraordinary potential.”

Musk added:

“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” continuing to say, “However, since making my investment, I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.”

The offer has been very controversial in the past days, especially when Twitter’s Board of Directors put in place a  “poison pill” that makes it more difficult for Musk to acquire the company without a string of negative consequences and difficulties.

In his offer letter to buy Twitter, Musk said that he does not “have confidence in management.” Indicating that a change in management may be imminent.

Among the projects he wishes to implement, Musk mentioned his plans for the platform to make its algorithm open source and make it more transparent to users. He also said he would want more leeway in moderating content policies. He added, “I think we want to be very reluctant to delete things and just be cautious with permanent bans; timeouts are better.” Musk said.

The Billionaire seems to be taking the path toward buying the most influential companies. So, is Twitter just the beginning?