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Musk seals $44 billion deal for Twitter, pledges to defeat spam bots

Elon Musk clinched a deal to buy Twitter Inc for $44 billion cash on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world’s richest person. Musk has criticized Twitter’s moderation, calling himself a free speech absolutist, said that Twitter’s algorithm for prioritizing tweets should be public and criticized giving too much power on the service to corporations that advertise. Political conservatives hope that a Musk regime would mean less moderation and reinstatement of banned individuals including former President Donald Trump.

Mohamed El-Erian: ‘Full-scale stagflation worries’ on China Covid concerns slammed global stocks

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