Reasons that drive Elon Musk to buy Twitter
6 May 2022
All the major newspapers, in recent weeks, are telling us how Elon Musk, founder and CEO of Tesla, as well as richest man in the world, is engaged in a fierce battle for the control of Twitter. After having purchased, on March 14, more than 9% of the shares of the social network, the entrepreneur did not settle and is now trying to acquire control of the company, with a purchase offer of 44 billion dollars. The shareholders are now putting pressure on the CEO of Twitter to accept the offer since it is still a large amount and 7 billion more than the market value of the company. But the question that many are asking is: Why does Elon Musk want to buy Twitter?
The statement of the entrepreneur
If we talk about the economic aspects, the purchase is definitely disadvantageous for the entrepreneur, so much so that he himself has declared that he does not want to do it to make money: “This is not a way to make money. My strong intuitive sense is that having a public platform that is highly reliable and widely inclusive is extremely important”, he said, adding: “I do this for the future of civilization, I don’t care about the economic aspect”. Is the richest man in the world, with a fortune of 264.9 billion dollars, really willing to pay 44 billion dollars for Twitter? The businessman, after concluding the agreement for the acquisition of 9% of the company, has repeatedly stated that he wants to make public the algorithm of Twitter so that it can be controlled by anyone and, Above all, he would like freedom of expression to be guaranteed on the platform. He also asked his “followers” (about 81 million users) about possible changes in the company, first of all the possibility of turning the Twitter office into a shelter for the homeless and the introduction of the “change” button after posting a tweet as well as removing the letter “w” from Twitter.
For some it is simple egocentrism
According to US news outlets, Elon Musk is only trying to get all the spotlight on him once again by openly saying, “The tycoon wants attention, not free speech”, as quoted by The Atlantic in an article this week, while the Guardian called Musk one who wants to defend “his freedom “not that of others”remembering how in the past Tesla was forced to remove tweets containing information believed to be false or misleading. Even some European newspapers have commented on the news of the possible purchase of Twitter by Elon Musk, for example El Pais calls it a “trollata” and it is not true that the purchase is being finalized. For now we just have to wait for the next developments, which will certainly come over the next few weeks.