Elon Musk Explains Why He Bought Twitter: I want to ‘Do Good for Humanity’s Future’, When asked about Twitter, Elon said, “I’m not sure if Twitterboard will accept my offer, maybe it won’t work but after a few days he reached his goal and Elon calculated, played a game of chess and even That these pessimistic words were also part of the plan.
As you all know that initially when Elon made his famous offer, the Twitter board was against the deal, so what happened suddenly this change came out well The details of this story are astonishing because Elon made the offer There were many such processes behind the scenes that many were not aware of.
But it seemed that every day Elon was making a new smart chess-like move that was very calculated and moved him closer and closer to his goal, with the Twitter board not getting too loud, but he did the curtains. Behind him also did a lot of things and his moves have also been very smart Some things that Elon and Twitter’s board did.
They’re so smart and amazing you’d be surprised but in and Elon was a much better player, so to explain everything after Musk bought about a nine percent stake in the company, Elon Musk and Twitter seemed tense, we One can draw a very interesting conclusion from the so-called poison pill that the Twitter board has adopted.
The strategy behind the massive acquisition. Elon Musk’s purchase of Twitter made headlines across the globe, and now he’s explaining why he did it. “I do a lot of philanthropic stuff,” the 50-year-old billionaire told Entertainment Tonight on Monday, May 2 at the 2022 Met Gala in New York City, defending himself against critics who claim he could have spent the $44 billion on something altruistic instead.
“In reality, my businesses are designed to benefit humanity’s future.” The South African native went on to say that Tesla is an example of how he’s “trying to accelerate the improvements in sustainable transport and energy,” and that SpaceX is “bringing the internet to the world’s fewer [served] people,” in addition to aiming to put humans on Mars. Musk also stated that his Starlink terminals are assisting in “giving connection” in Ukraine’s “hardest affected” regions, which are presently at war with Russia.
“So, aspirationally,” he said, “I’m trying to do good for mankind and the future of civilization.” Maye Musk, the Tesla founder’s mother, quipped that her son won’t listen to her advice at the Met Gala “In America: An Anthology of Fashion.” “I warned him not to take on the globe and the cosmos, and he ignored me,” the 74-year-old model told ET. “He doesn’t pay attention to his mother.”
After days of tweeting about what he would do with Twitter if it were his, Elon agreed to acquire it on April 25. In a statement announcing the transaction, he added, “Free expression is the backbone of a functional democracy, and Twitter is the digital town square where questions crucial to the future of mankind are discussed.” “Twitter has enormous potential, and I’m excited to work with the business and the Twitter community to realize it.”
Many lawmakers and cultural critics are concerned that the entrepreneur may roll back parts of the social media site’s community guidelines established to safeguard users from harassment as a result of the acquisition.
“I also want to make Twitter better than ever,” he said in his statement, “by adding new features, making the algorithms open-source to promote trust, fighting spambots, and authenticating all people.”
Senator Elizabeth Warren of Massachusetts, who has been vocal about limiting the influence of billionaires, condemned the pact as “destructive” to American democracy. Last month, she wrote, “Billionaires like Elon Musk play by a different set of rules than everyone else, building power for their own advantage.” “To hold Big Tech responsible, we need a wealth tax and strict laws.”
Reaction to this proposition basically, this death wish is a restricted term investor privileges plot in which assuming any one individual or substance were to gain 15 or more normal supply of Twitter without the earlier endorsement of the Board, Twitter would have the option to hold the excess investors of the organization. Everything appeared to be somewhat dubiously ideal with Elon Musk unveiling his 9% stake in the organization to purchase the excess stock at a tremendous rebate rapidly.
There’s no question that Borderlands Twitter truly could have done without the possibility of the organization purchasing covers the manner in which Elon wanted to help anything ambiguously near an individual from the Twitter board, AI at Twitter. Elon Musk’s contribution promptly affected the organization’s way of life and its representatives, Chowdhary, who will be overseer of Ethics, Ruman Chowdhary, depicted a unique air among workers.
All of this was a genuinely forceful move of obstruction from Twitter’s board, who thought about what Musk as a CEO would mean for his way of life and his positions. Twitter’s side but here we are with Elon Musk currently purchasing the whole stage, so whatever happened it’s shrewd things Musk conquered this obstruction.
As per a few sources on April twentieth Musk recorded a protections report demonstrating that he had acquired supporting arrangements for banks drove by Morgan Stanley, aggregately worth roughly $46.5 billion, to close these concurrences with expected exchanges. which is hypothesized to come down on the Twitter board to reevaluate Elon Musk’s proposition, additionally conjectured by cfra.
Senior equity analyst Angelo Zino said the board may realize that finding an alternative bid may be difficult to come by since the fall in property prices in recent weeks and months, this means that since Parag Agarwal was appointed Was announced as the new CEO of Twitter and when Musk disclosed his ownership stake.
Since then Twitter stock has almost lost its value. After the deal was announced, although Twitter’s stock rose six percent, leading to an increase in price per share that was slightly shy of Musk’s offer, before Elon made his offer, he continued to criticize the platform. Which has increased the criticism of Twitter further on various social media platforms.
More people were supporting Elon in this effort then the important step was that when Elon became the largest shareholder of Twitter and right after he offered to buy it you see there was a big risk that if Elon Twitter Couldn’t meet his buy target he will sell all his shares and after this criticism and controversies it will be a big hit for the company and its shareholders.
Wouldn’t have looked great if the largest shareholder had gotten rid of their shares and that’s another advantage Elon made because of the situation Elon tweeted that he was moving on and now owns is not trying.
The company created a lot of buzz across social media platforms and put more pressure on the Twitter board. This was a very subtle but genius move by Elon as the board had to make a decision that was best for the shareholders and the company would be the largest shareholder. Getting lost could have been a terrifying look for Twitter.
Brett Taylor, a member of Twitter’s independent board called the deal the best path forward for Twitter shareholders, isn’t the only one celebrating Jack Dorsey, the former Twitter CEO praising Musk’s purchase of Twitter. Said company is owned by Wall Street and advertising model and taking it back is the right first step.
Elon’s goal of creating a platform that is maximally credible and widely inclusive is right so now that Musk owns Twitter, what that means in a statement given a few days ago Elon Musk hoped that the people who were most interested in his More critical, they prefer to stay on Twitter because that’s what free speech means for now.
We don’t know how this will happen. It is not clear whether Agarwal, who took over the role of co-founder Jack Dorsey, became CEO in November or whether Elon Musk will change that Kasturi compared Agarwal to Joseph Stalin and even He has also tweeted in his offer letter. Musk was saying that he had no confidence in the management on Twitter.
We can speculate as to what Elon Musk might do but with the world’s richest man in charge of the world’s most influential social network nothing has been confirmed, the only thing we can be sure of right now is that we Something turns out to be commercially unprecedented and whatever happens next will be in motion in history.