Why Is Elon Musk Buying Twitter?

The world has been agog with the news of the Tesla CEO, Elon Reeves Musk buying the social media company, Twitter, as he declared and as confirmed by the Twitter CEO, Parag Agrawal. There have been mixed feelings, reactions, and loads of analysis about what is going on.

Elon most obviously has millions of fans interested in his activities, who follow closely everything he does, and who would love for him to acquire Twitter as one of his growing number of companies and affect the changes he stated.

The world’s richest man is also one of the world’s modern controversial figures, and he knows it.

Some people do not like Elon and seem suspicious of every one of his moves, words, and actions. Some outrightly hate him.

Despite all these, Elon remains Elon, and we may not have seen the last of his controversies yet.

Why does he want to buy Twitter?

Elon Musk is the CEO of Tesla, the world-leading electric vehicles manufacturer (electric cars and trucks). Tesla also designs and manufactures battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. It is one of the world’s most valuable companies and remains its most valuable automaker, with more than the US $1 trillion market capitalization.

Elon Musk is also the owner of SpaceX, an aerospace manufacturer with which Musk aims to make space travel commercially viable for humans to explore the area and colonize the planet Mars.

Another company owned by Elon is ‘The Boring Company.’ According to a statement on their website, “The Boring Company creates safe, fast-to-dig, and low-cost transportation, utility, and freight tunnels,” The mission is to “solve traffic, enable rapid point-to-point transportation and transform cities.”

He intends to achieve this with hyper-speed vehicles called the hyperloop

Many people have questioned the feasibility of this technology and also its cost-effectiveness.

Why then does Elon want to buy Twitter?

Elon Musk is a frequent tweeter, and some of his tweets have stirred many conversations worldwide and even affected the behavior of crypto enthusiasts globally, moving the market in some directions

Musk says he is buying Twitter to defend democracy and protect freedom of expression. He refers to himself as a “free speech absolutist,” He believes that Twitter gives people such a voice to express themselves. He plans to take the social-media company private and has said that he wants Twitter to adhere more closely to the principles of free speech, which, in a statement, Musk called “the bedrock of a functioning democracy.”

Twitter clip here

He had described Twitter as the “digital town square where matters vital to the future of humanity are debated.”

Twitter shapes a lot of global conversations, has been doing so since its existence, and is even more relevant today. So the ownership of such a powerful platform is significant, and Elon knows this.

In a series of tweets, Musk made some suggestions for improving Twitter. He suggested that Twitter turn the site’s HQ into a homeless shelter and also that they should remove advertising from the platform’s premium service.

Some people are worried about the new owner of twitter and what could happen henceforth. Some believe that acquisition could undermine all the work and hope that the microblogging platform would be a safe place could be

 

Some people are worried about the new owner of twitter and what could happen henceforth. Some believe that acquisition could undermine all the work and hope that the microblogging platform would be a safe place could be

Musk says he only wants to make it a better place for everyone, and he obviously would be spending $44 billion to mess up the investment.

 

https://twitter.com/elonmusk/status/1518677066325053441?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1518677066325053441%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftime.com%2F6170647%2Felon-musk-twitter-harassment-employees%2F

Hopes are high for some people who wish to see positive  and exciting changes on their favourite social media platform,while for some,its a time of suspicion and rejection of twitter.

The realities will be more evident in the coming days.

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