Why does Elon Musk want to buy Twitter?
Elon Musk And Twitter today they are two names that are rarely pronounced in isolation. We say this because Musk made an offer to buy Twitter. An offer that, according to experts, is about 43 billion dollars. This makes us ask a question: Why does Musk want to buy Twitter?
The context of Elon Musk’s Twitter purchase intention
To understand Musk’s fortuitous purchase decision, we need to go back a few tweets and weeks. And the very day Musk posted a tweet intending to ask his followers if they believed that Twitter fully respected freedom of expression. The result of this survey was not very promising for the company, as most users felt that Twitter did not allow them to express themselves freely.
But there have been two key points which surely motivated Musk to buy Twitter: the first was the joke he made about creating his own social network. But the most significant point of all was this: when a follower suggested he buy Twitter. Musk joked about it, but he didn’t rule it out at all.
After a such exchange of ideasweeks later, news broke in all the media around the world: Musk bought a 9.2% stake in Twitter. Faced with this action, everyone speculated that this tech tycoon might have the intention to buy Twitter.
Perhaps the Twitter user’s comment gave Musk the push he needed to carry out his plans. What is clear, however, is that Elon Musk has always had a particular interest in Twitter. Not for nothing has it been listed several times as a frequent tweeter.
Musk, in his SEC statement on the hostile takeover, says, “I invested in Twitter because I believe in its potential to be the platform for free speech worldwide. And I believe that freedom of expression is a social imperative for a functioning democracy ”.
In that statement, Elon Musk comments on what motivated him to invest in the company’s stock. Then, later on, he reveals what made him want to buy it: “However, since I made my investment, I now realize that the company will not thrive and fulfill this social imperative in its current form. Twitter has to turn into a private company “.
Now the million dollar question is: what will Twitter do now? Will he accept that generous offer or will he refuse it?