The financial markets spun into disarray over Elon Musk ’ s US $ 44bn takeover of Twitter . The social media platform , which is Musk ’ s latest , ( and also one of his largest ) acquisitions , has resulted in Twitter once again becoming a private company . Musk reportedly paid $ 52.4 per share as part of the stakeholder deal - which experts warned could be an over-stretch for the South African billionaire . Musk , the former CEO of PayPal , made his fortune through selling the company to Ebay in the early 2000 ’ s , also saw Tesla ’ s shares dipped by 2 % following the news .

12 May 2022