Elon Musk Already Has Plans For Twitter After Making His Offer -Breaking
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Elon Musk Already Plans for Twitter, After Accepting His Offer- Recently, Elon Musk stated that he can afford to buy Twitter (NYSE:).
- The offer was made to purchase the shares for $54.20 each.
- People’s reactions to Musk owning Twitter are relatively mixed.
Elon Musk, SpaceX CEO, stated recently that he can afford Twitter. Musk is estimated to be worth $300 billion. Musk indicated that his major goal is to transform the user experience through the platform.
Musk stated to Chris Anderson during a TED Talk at a TED Conference in Vancouver that he was seriously thinking about changing how the platform deals with controversial content.
This will be done by not encouraging certain tweets, as well as adding edit and history options for Tweets. Twitter, under his direction, will encourage freedom of speech while respecting laws in different countries.
Musk stated that “A top priority I would have is eliminating the spam and scam bots and the bot armies that are on Twitter.” He added to this by saying that “They make the product much worse. If I had a for every crypto scam I saw, we’d have 100 billion Dogecoin.”
According to a filing by the United States Securities and Exchange Commission, Musk offered to buy Twitter’s shares. The 9% he currently owns is not included in this offer.
The shares could be purchased by him at $54.20 each. The shares had a value of $45.08 at the time the article was published. Over the past month, the shares have increased 30%.
People’s reactions to Musk owning Twitter are relatively mixed. This move by Musk was praised widely as a good business decision. Many others are less enthusiastic and think he is not a suitable candidate for the job due to his immature, controversial behaviour on the platform.
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