The world’s richest man, Elon Musk, has announced that he will buy the social media platform Twitter for $65NZD billion.
Musk is the CEO of SpaceX and Tesla and is currently the world’s richest man. He made the bid to take over Twitter less than two weeks ago.
Musk said that he wants to make changes to the social media platform by relaxing content restrictions and getting rid of fake accounts.
He also said he wanted to do more to get rid of fake accounts and spambots. Spambots are automated programs that pretend to be real accounts and spread junk content.
Currently, Musk has over 80 million followers on Twitter.
Mr. Musk supports less moderation on social media. This means giving people more freedom to say whatever they want.
In a statement on Twitter announcing the deal, Elon Musk said: “Free speech is the bedrock of a functioning democracy.