The daily business briefing: October 28, 2022

Musk closes his $44 billion deal to buy Twitter, Amazon's holiday sales warning adds to market worries, and more

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1. Musk closes $44 billion deal to buy Twitter

Elon Musk, Tesla's CEO and the world's richest person, closed his $44 billion deal to buy Twitter on Thursday, ending months of drama and legal fighting after Musk tried to back out of the purchase. Musk reportedly fired the social media company's chief executive, chief finance officer, and at least two other top executives as he began following through on his plan to impose sweeping changes on the social media company. Musk, who calls himself a "free speech absolutist," has said he would loosen Twitter's restrictions against toxic and misleading content. He has also said he will probably "reverse the permanent ban" of former President Donald Trump, whose Twitter account was shut down after the Jan. 6 Capitol attack.

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