The Acquisition Of Twitter And The Events That Followed [DesignRush Spotlight]

Elon Musk just bought Twitter for $44 billion. DesignRush looked into the events following the acquisition and identified all the key details.

MIAMI - NOVEMBER 11, 2022

Elon Musk officially acquired Twitter for $44 billion on October 27. Following the takeover, he announced his plans to charge $20/month, or $240/year, for verified users which invited cybersecurity threats.

Cybercriminals launched a phishing campaign to gain access to Twitter users’ personal data through a fake website disguised as a Twitter Help form. Information on the number of affected users has yet to be released, including the extent of the damages.

As a result, the implementation of these verification changes was postponed. And since many users were seemingly not ready to deal with the turbulent changes, some started migrating to Mastodon, a decentralized social media platform.

DesignRush, a B2B marketplace connecting businesses with agencies, closely monitored the situation and detailed the key information.

Read more about the acquisition and all the events that followed in these Spotlight news features:

• Elon Musk Tweets a Victorious Chirp
• Elon Musk Considers Charging $20 for Verified Users to Keep Their Status
• Twitter Verified Accounts Now a Source of Cybersecurity Issues
• Twitter Unexpectedly Delays Verification Changes Until After Midterm Elections
• Mastodon Users Sky Rocket Following Musk’s Twitter Takeover

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