Elon Musk's Twitter Acquisition Motivated by Dispute Over Jet-Tracking Account
A new book reveals that Elon Musk's decision to buy Twitter was significantly influenced by a refusal to ban an account tracking his private jet.
- Elon Musk began his quest to acquire Twitter after the platform's former CEO, Parag Agrawal, denied his request to suspend the @ElonJet account.
- The account, run by college student Jack Sweeney, used publicly available information to track Musk's private jet movements.
- Musk's acquisition of Twitter for $44 billion was completed in October 2022, leading to significant changes, including staff layoffs and the suspension of the @ElonJet account.
- Taylor Swift's attorneys sent a cease-and-desist letter to Sweeney for tracking her jet, citing safety concerns.
- Twitter, now known as X, has lost 71.5% of its value since the acquisition, with a 15% drop in monthly user count.