Elon Musk is now serving as CEO of Tesla, which is the most valuable automobile manufacturer on the planet. The firm, headquartered in Austin, Texas, offers both electric automobiles and solar battery storage systems to the general public. Musk is the CEO of SpaceX, a rocket manufacturer that NASA has chosen to resupply the space station, and he also owns a portion of the shares in Twitter. Elon Musk is now the wealthiest individual in the history of the globe and the contemporary era. Elon Musk’s intention to acquire Twitter for $44 billion is the few month’s greatest tech news story. Nonetheless, as usual, the Tesla and SpaceX executive threw the whole situation into disarray.
Musk Desire to Buy Twitter
Even as far back as the year 2017, Musk expressed his interest in purchasing Twitter. Elon Musk started buying into Twitter in January 2022, and by March of that year he owned 5% of the firm. At the end of the month of April, Musk held the position of being the most significant investor in the firm with a 9.0 percent equity.
Musk tweeted that “free expression is the backbone of a healthy democracy and Twitter is the digital town square where topics essential to the future of civilization are contested.” The statement was published on Twitter. Musk wants to ensure that Twitter continues to be considered a “free speech” platform so that he may, in all intents and purposes, continue publishing on the network without fear of repercussions.
Elon Musk said he needed cash in case he was compelled to follow forward with his abandoned plan to purchase Twitter Inc., so he sold $6.9 billion worth of his shares in Tesla Inc., making it the largest sale in the history of the billionaire’s career.
What’s his Twitter strategy?
Musk, a self-proclaimed “free-speech absolutist,” has said that he wants to improve what he regards as the site’s overzealous content management. Before he was permanently banned, former US President Donald Trump used Twitter as a powerful platform. This was communicated by him via Twitter. He envisions making Twitter better than it has ever been by expanding the platform with extra features, making the algorithms open source to promote trust, overcoming the spam bots, and authenticating all users. These are just some of the ways he envisions making Twitter better.
Musk, CEO of Tesla and the world’s wealthiest man, has publicly called on Twitter to be more respectful of free speech. Musk has the intention of going private with the social media company. It is believed that Musk will continue to use the website, and there is a chance that he would reactivate the account of Donald Trump, who served as president of the United States from 2009 to 2017. Since Musk is an avid Twitter user himself, it seems to be the reason that he will keep up the habit. It is also believed that he has a lower likelihood of banning users for violating the rules of the site, which may itself be subject to change.