why does elon musk want twitter
Elon Musk Twitter Buy Explained: Why He Offered $43 BILLION!elon musk has offered to buy twitter,let
Updated on Jan 25,2023
Elon Musk Twitter Buy Explained: Why He Offered $43 BILLION!
elon musk has offered to buy twitter,let's get all the facts,twitter has become kind of the de facto,town square,really important that people have the,both the,the reality and the perception,uh that they're able to speak freely,within the bounds of the low elon musk,offered to buy twitter at 54.20,per share valuing the social media,company at 43 billion dollars according,to a regulatory filing in a letter to,brett taylor the chairman of twitter's,board of directors musk said twitter has,extraordinary potential i will unlock it,an hour after the story broke musk,tweeted i made an offer,muska's offer to buy twitter is the,latest in a string of events between the,billionaire and the social media site it,comes just days after he decided not to,join twitter's board of directors after,acquiring a 9.2 stake in the company in,march,the nearly 3 billion acquisition made,musk twitter's largest shareholder,until the vanguard group increased its,stake and bumped him from the top spot,once news of musk's bid hit twitter,there were mixed reactions,musk's followers and supporters,expressed excitement that he might own,the social media platform but many more,voiced concern at the idea of the,reportedly richest person in the world,owning twitter and adding the company to,his numerous business assets however,musk says he's not looking to make money,from twitter,that is he doesn't view the acquisition,as a financial investment instead he,sees it as a service for public good my,strong intuitive sense is that,having a public platform that is,maximally trusted and broadly inclusive,is extremely important to the future of,civilization i don't care about the,economics at all an avid twitter user,musk is also one of the site's biggest,critics musk tweeted a poll to his 81,million followers in march asking,whether users believe twitter was,protecting free speech,he said the poll results in which,roughly 70 percent of 2 million,respondents answered no would be very,important,as part of his original agreement to,join twitter's board musk had pledged to,cap any investment at 14.9 percent while,serving a two-year term with the,agreement now scrapped musk is free to,add to a stake if musk acquires twitter,he says he wants to increase the,public's trust of the platform by making,it a place of inclusivity and true,freedom of speech a necessary feature of,any functioning democracy he adds during,an interview at the 2022 ted conference,in vancouver musk said that he values,truth on april 9th he shared a tweet,reading truth is the first casualty with,an image from a yougov survey showing,the most trusted media organizations,since announcing his stake in twitter in,april musk has posted several tweets,about what he'd change at the company,and one which has since been deleted he,asked whether twitter's san francisco,headquarters should be turned into a,homeless shelter because no one shows up,anyway in another he asked if twitter,was dying,as one of twitter's largest shareholders,musk already has a lot of power he can,team up with other shareholders and push,for any changes he wants to see musk,also has a tendency to sway public,opinion with his tweets after tweeting,tesla would no longer accept bitcoin as,a form of payment multiple crypto coins,took a dive when he said tesla would,start accepting dogecoin for some,merchandise the cryptocurrency surged,he could use that power and influence to,try to bring changes to twitter without,buying it if he does acquire twitter,musk proposed a number of changes he,would make to the social media platform,including an edit button something he,told his followers about a few weeks ago,twitter has been working on an edit,feature since 2021,something musk didn't acknowledge during,his ted conference interview,musk's edit button would be time,sensitive and also zero out any retweets,eliminating scam bots and bot armies on,twitter would also be a top priority for,musk,he noted during his interview that they,bring down the site's product value and,make it worse for users,musk said you would also make twitter's,content moderation practices more,transparent he added that users should,know whether tweets were being promoted,or de-emphasized manually or,algorithmically,he cautioned against permanent bans from,twitter advocating for temporary,suspensions instead,musk believes twitter's coding structure,should be transparent as well,if he purchases twitter he said he would,post its open source data on github a,popular form for coders so people can,access the company's data identify flaws,and offer solutions,musk is an avid twitter user with over,81 million followers,however he admits he doesn't really have,a strategy for his twitter account his,tweets are reflections of a stream of,consciousness it's impressive,considering that neither tesla nor,spacex companies he owns operate a,marketing or public relations department,news and developments at both companies,is often shared first via muscu's,twitter account,muska's in
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why does elon musk want twitter catalogs
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- What is Elon Musk doing to Twitter? – BBC News
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