Something many people by no means thought would occur, has occurred. Elon Musk has formally purchased Twitter. The deal is valued at about $44 billion, or $54.20 per share. Which remains to be greater than what the inventory is presently at.
Whereas it’s nonetheless unclear what may occur to Twitter underneath Musk’s possession, he does imagine he may help make Twitter develop and develop into extra worthwhile. The Tesla and SpaceX founder and entrepreneur can also be a giant Twitter person, and has voiced a variety of considerations that customers have been complaining about for years. Just like the existence of an Edit button, and the spam bots.
Actually, Musk has stated that if his provide goes by means of, they are going to “defeat the spam bots, or die making an attempt”. Which is music to our ears.
Why did Musk wish to purchase Twitter?
Musk believes that Twitter must be taken non-public to develop and develop into a real platform totally free speech. Free speech has been Musk’s primary motive for trying to buy the platform.
It’s fairly clear that Twitter has tried to silence conservatives, whether or not on objective or not. It has additionally banned the previous President from utilizing the service, and locked out another conservatives on occasion for posting lies (aka misinformation). Musk has recognized himself as a half Democrat, and half Republican. But it surely’s not fully clear whether or not he helps Trump or not, who could also be seeking to run in 2024.
Many are frightened that after Musk formally owns Twitter, he may enable former President Trump again on the platform. Twitter banned him from the platform after the January 6, 2021 riot on the Capitol. In addition to nearly each different platform on the market, together with Fb and YouTube.
Lots of people are evaluating this to Jeff Bezos shopping for The Washington Submit a number of years in the past, again in 2013. That’s as a result of Musk is shopping for Twitter personally, not Tesla. The identical factor Bezos did with the Washington Submit, he purchased it, not Amazon.
