Elon Musk has just bought Twitter in a transaction valued at approximately $44 billion.
This comes just weeks after the billionaire acquired a 9.2% stake in the platform and became its majority shareholder.
The deal was confirmed by Twitter’s Board of Directors on Monday (April 25th) and the Tesla founder announced the news in a statement.
“Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it,” he said.
Following the takeover, a rumour is flooding social media that he has bought country music for a staggering sum.
However, you shouldn’t believe everything you read on the internet…
Rumour says Elon Musk bought country music
A bizarre claim has taken over social media that Elon Musk has bought country music.
No, not one country music record label, artist or song, the whole country music genre.
Of course, it’s not actually possible for somebody to buy all the country music in the world, but the strange rumour says he purchased it for $89 billion.
It further claims that he bought the music genre because he wants to “fix it,” but it’s all just fake news.
It’s a silly internet hoax
The whole thing is an internet hoax that emerged from a fake article titled “Elon Musk to buy country music for $89 billion: Time to fix it” on a site called Saving Country Music.
“In a groundbreaking development for one of America’s most long-standing cultural institutions, billionaire entrepreneur, inventor, and investor Elon Musk is purchasing country music for $89 billion,” the fraud article said.
It further claimed that the 50-year-old has bought it “in hopes of returning the genre to its past greatness”.
The sham then said that the deal will include all of country music’s record labels, all major radio stations, the Grand Ole Opry, the Country Music Hall of Fame, the CMA and ACM Awards and “the rights to the defunct Kenny Rogers Roasters fast food chicken franchise”.
If you read the article which has taken over Twitter, it’s clear that it’s all a load of rubbish, but it fooled and confused internet users nonetheless.
“Musk’s motivation for the purchase was the suppression, shadow banning, and outright expulsion of many real country artists by the country format over the last many years,” the bogus article continued.
The article was fake
If you read to the end off the article, it actually says that the whole thing is “all bulls*it”.
“The real truth is country music unfortunately won’t have some benevolent billionaire benefactor swoop into to solve the genre’s problems via executive fiat,” the author wrote.
“Nor should country fans wait with bated breath for such an event to happen,” it continued before urging readers to share country music with their friends and family and support artists in the genre.
“The best artists are being suppressed and shadow banned by the industry, while mediocrity and lack of authenticity reigns in the genre, similar to on social media,” it added.
However, the article did share a hilarious video of Elon Musk roasting marshmallows on a campfire singing Johnny Cash’s Ring of Fire, and a pic of him in a cowboy hat, which were both very much real.