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| Elon Musk has 83 million followers on Twitter (image source: GETTY IMAGES) |
Until recently, the relationship between Twitter and Elon Musk was like that of a lover in one-sided love.
Elon Musk likes Twitter, he has 83 million followers on this platform and he is very active here and sometimes makes controversial tweets.
The US Securities and Exchange Commission banned him from tweeting about Tesla because one of his tweets cost Tesla loss 14 billion.
Musk also made objectionable remarks about a diver on Twitter, after which the diver filed a defamation suit against him. Musk, however, won the case.
Now back to Twitter and Elon Musk. You might be wondering if paying 44 44 billion for a 16-year-old business that hasn't outperformed its competitors is tantamount to helping it and forcing Twitter shareholders to agree to the deal. Should.
Musk says he wants to make the most of Twitter's "extraordinary potential."
He is not very interested in making money from Twitter, he already has a lot of money and he owns a variety of properties.
Twitter used a "poison pill" strategy to prevent the company from being forcibly taken over, preventing anyone from buying more than 15% stake in the company. However, an agreement has now been reached between Twitter and Elon Musk.
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| Musk is very active on Twitter (image source: GETTY IMAGES) |
Why Elon Musk is buying Twitter
Perhaps the Twitter board was unhappy with Musk's announcement that he wanted to see more 'freedom of expression' and less moderation on Twitter.
Many Republicans, who have long felt that Twitter's moderate policies favor left-wing freedom of expression, are happy with the agreement and Musk's argument.
But regulators around the world are talking about tightening the noose on social networks and forcing social media platforms to take more responsibility for their content.
Regulators are imposing heavy fines on platforms in such situations, especially for content that incites violence. In addition, the responsibilities of social media platforms regarding hate speech are being determined.
But we must not forget the financial side of it. Twitter's core business model is based on advertising, and Musk wants to change that. Musk claims that he is more interested in the subscription model.
In an environment where all social media platforms are free, expanding the subscription model seems a bit daunting. Twitter users may decide that they do not want their data to be used to monetize Twitter and are willing to pay for it, but the move could be a gamble.
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| Elon Musk has an army of fans who make him laugh (image source: GETTY IMAGES) |
Musk's interest in cryptocurrency
Elon Musk's preference for cryptocurrencies is no secret. Can they use this platform to promote payments in volatile, unsecured currencies like bitcoin?
Musk is the richest man in the world. He has a number of businesses whose successes include companies such as PayPal and Tesla. They are outspoken and want to break the rules.
Even after buying a 9.2% stake in January, he refused to join the Twitter board, partly because he did not want to be held accountable.
He has an army of loyal fans who like him.
I once tweeted about the fact that the way their finances are structured (their assets are mostly based on stocks rather than cash and they do not have solid assets) they do not pay income tax ۔
I got an answer on this tweet, how did you dare to write such a thing? He is a very intelligent man and I should be grateful to him.
It is an aggressive business deal between Musk and Twitter, with no bargaining or compromise.
This is a private sale of a private company. This is not a merger of two big companies.
For 300 million users, Elon Musk's Twitter will be very different from the current Twitter. It will be less aggressive and perhaps less pro-liberal.
It is unknown at this time what he will do after leaving the post. As per my understanding, in response to every tweet in which Musk is being welcomed, there is also a tweet threatening to leave the platform.
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