Why Elon Musk buying Twitter is such a big deal
CNN
Elon Musk is set to take control of Twitter in a $44 billion deal that, at least judging by some of the reactions, feels like it could reshape the internet as we know it.
Twitter may seem rather ordinary on paper. The company's user base and market value are less than a tenth the size of Meta, Facebook's parent company. Its total revenue last year was roughly the same as Western Union. And prior to this month, Twitter's stock was below the closing price from its first day of trading more than eight years ago.
But Musk's bid to take Twitter (TWTR) private has inspired unsolicited input from US lawmakers, rampant speculation about its impact on the 2024 US presidential election, and even breathless, hyperbolic comparisons to the last days of Weimar Germany.
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