Why does Elon Musk so much want to own Twitter?

Why does Elon Musk so much want to own Twitter? ...

Elon Musk didn't accept on Twitter. He now wants a better prize: all of it.

Musk, the world's richest individual, will sell the company for $54.20 per share, or $43 billion in total. The purchase, according to Musk, will give shareholders "a 54% increase over the day before I started investing in Twitter and a 38% increase over the day before my investment was publicly announced." The offer price was chosen, apparently, because it held the numerals "420," Musk's to marijuana.

Alongside this carrot, Musk sold a stick. This was Musk's "best and final offer," he said. He will rethink his shareholding on Twitter, dangling the possibility of delaying the 9.2% share he already owns, as well as the consequences of the stock's decline.

Elon Musk is addicted to Twitter.

Musk's net worth is estimated at $260 billion, allowing him to easily afford to purchase the firm. However, it is impossible not to wonder why a guy who owns Tesla, SpaceX, and a tunnel-digging company also wants to own Twitter.

It isn't as if Twitter is compatible with Musk's current role, given that Twitter isn't likely to double his net worth many times over; in fact, the price per share that he offered is already below the all-time closing high of $77.63, which the stock incurred in March last year.

Musk submitted a statement to Twitter's board chairman saying it had a significant potential for free speech, but that it would "neither expand nor serve this significant social obligation in its current state." Twitter must be transformed as a private company.

Musk genuinely believes that he can unlock Twitter's potential. However, the truth might be that his recent on the changes he wanted in the company did not wreak havoc on Twitter. Here are some of his ideas: removing the "w" in Twitter and transforming the San Francisco office into a homeless shelter.

The speed of Musk's interactions with Twitter over the years makes it tempting to think that the company may be a fun distraction for him. Nevertheless, owning Twitter might even give him the kind of public platform that a Tesla or a SpaceX never can. Musk wouldn't be the person who wants to influence public opinion and to use it as a form of influence.

In a spooky reply to Musk's offer, Twitter said: "The Board of Directors of the Twitter will carefully review the proposal to determine the course of action it believes is in the best interests of the Company and all Twitter stockholders."

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