A few weeks ago we woke up to the news that Elon Musk was the highest shareholder on Twitter, with a stake of 9.2%, the richest man on earth had the largest stake on the social media platform, and then a few days later he announced that he wanted to buy it.
Mr. Musk, who made the shock bid less than two weeks ago, said that Twitter had “tremendous potential” that he would unlock. He is aiming to implement a series of changes from relaxing its content restrictions to eradicating fake accounts. Musk believes in the power of free speech and he is said to be in the process of letting twitter run under this rule.
Mr. Musk is the world’s richest person, according to Forbes magazine, with an estimated net worth of $273.6bn mostly due to his shareholding in electric vehicle maker Tesla which he runs. He also leads the aerospace firm SpaceX.
Musk offered a bid to buy Twitter for $44 billion which the board had at first rejected but the news said otherwise the morning of 26th April 2022.” The board at Twitter has agreed to the $44 billion take over of Twitter by Musk,” headlines confirmed.
“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated, I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spambots, and authenticating all humans.” he added, “Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”
Musk gave out this speech after acquiring the social media platform a few hours ago. The change in the social media giant is now inevitable and kudos to Musk.
