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Topic: Why exactly did Elon want to buy Twitter? (Read 1024 times)

sr. member
Activity: 1372
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November 07, 2022, 10:15:31 AM
He has many plans and goals to be the owner of twitter.  as he said to help humanity build a no-rules ride where everyone is free to say whatever they want without consequences.  there have been many policies that he has changed recently a surprising policy appears for verified accounts to pay subscription fees because blue tick accounts in another sense Elon goal is to expand his business
people are talking about amber heard twitter account.
It has vanished from the twitter since the time - Amber old boy firend Musk has taken over.
There is no clear news when the account belonging to Amber Heard who became the star of Aquaman disappeared.  Amber party has not commented on this until now, some say she deleted her own Twitter account and some other speculation states that her account was deleted by the new Twitter boss.  this is against the problem of romance
legendary
Activity: 1554
Merit: 1139
November 07, 2022, 03:27:42 PM
Elon Musk spends a lot of time on social media and it was high time he actually owns one. Maybe it is as he claims, for his love for humanity, after all, his project Mars is based on saving humanity from eminent danger from climate change and other catastrophies that is projected to hit the earth and make he gets to make a lot of money out of that too. Or
Elon probably bought twitter just to add to his investments. He might have over paid but still, its an investment and on that is sure to yield some good profits in the long run. Twitter have been around for so long and promiscuous still.
legendary
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November 07, 2022, 02:27:53 PM
Anyone know why? Is it because they banned Trumps account? Is it because it’s censored too much and he wants it to be more decentralized ?

There is an article that states the reason why Elong buy Twitter.  He said that it is for the love of humanity that he bought Twitter.  He said he bought the firm, not because of money but to help humanity whom he loves.[1]  Now I wonder if Elon has a plan to run for the presidency in the next election because his statement is somehow often stated by politicians.




[1] https://www.bbc.com/news/business-63408384
full member
Activity: 1092
Merit: 227
November 07, 2022, 01:01:03 PM
Why not, dude carries billions of dollars and the money flow is riding his way all the time. Just now discussed that he might be plotting Twitter and Doge games together so that he could turn his DOGE into good fortune one more time. There is high chance of this after his monetisation announcement on the Twitter. He even started the Apple collaboration associated with blue tick profiles.

You see, it’s all about business for him. Everything that happens on the Twitter henceforth would be paid stuff and Elon will be benefited all the time.
legendary
Activity: 2184
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November 07, 2022, 10:51:59 AM
Seems it’s official. However I am puzzled as to why he bought it in the first place.

For one he overpaid for it because looking at tech stocks like Facebook, it’s value would be probably less than $20 a share compared to the $54.20 he paid for it. So he really must have a big interest in it.

Anyone know why? Is it because they banned Trumps account? Is it because it’s censored too much and he wants it to be more decentralized ?
The reason Elon Musk bought Twitter is not so important, the reason is childish and borne of greed. He wanted to control more things, especially a communication platform, and Twitter could only be his reasonable target as Facebook and top others would never sell their platforms to him.

This started as a play thinking Twitter would not take him seriously, but the opposite was the case as they dared him into action. And perhaps, maybe because of shame and ego, he proceeded before trying to make a U-turn giving excuses as if it was child's play. Yet Twitter took him accountable.

I knew he would never win in court!

You are describing him as more like a child than an adult, it seems you don't like him. I'm not his fan either but I can only say I admire him because he's talented. Although he sometimes acts crazy on social media, there is no denying the success he has achieved and I wonder if you or I or anyone did it as he did. The fact that he bought Twitter is not a joke or shame, he is not that stupid and 44 billion is not a small amount to play with. You will be willing to spend 44 billion to buy something that does not bring you benefits?
legendary
Activity: 1708
Merit: 1280
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November 07, 2022, 09:01:55 AM
For sure additional assets for Elon we know how big the Twitter is and also there's a chance another manipulation by this man so one of the biggest news spreading right now is with the payment of having a verified account we know the algorithm of it that's make the legit user but right now is you need to pay at least 8 dollars per month that could he a possible source of income and waiting for the profit also good thing remove the scammers with verified.
hero member
Activity: 1890
Merit: 824
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November 07, 2022, 07:09:07 AM
Social media has now become so ingrained in our lives that we depend on it for our expressing our ideas and in principle our thinking. 
It doesn't have to be that way, you know.  I suspect if you think we're all dependent on social media, you're probably either under 30 years old or someone who needs it as part of how they make their living.  Using platforms like Twitter, Facebook, and all the other social media sites is a choice (for the most part), and I can tell you that I'm perfectly happy not using any of them.  I don't think bitcointalk counts as social media, but if it does then it's my one guilty pleasure.

Taking Twitter private is the best way to ensure that our freedoms last into the new digital age.  I think Elon bought Twitter so he could see these changes happen and he knew it would cost him 44 billion dollars to make it happen.
I have a hard time taking anything I read in the news (or from Elon Musk) at face value.  You might be correct, but as I said previously when an ultra-wealthy individual purchases some sort of media outlet, it's usually because they want to control the flow of information.  I don't use Twitter, but I'm damn curious as to how it's going to look 6 months to a year from now.  Maybe by then we'll see if the reasons Musk gave are true or if he had another agenda.

This is an incomplete list of billionaires owning important media. Musk has reacted outrageously various times over the last couple of weeks and months. He has been an interesting guy to me for a while and his entrepreneurial success is crazy, no doubt. But is the way he achieved success a great way? He has been brutal and he often has been lying.

Here he calls one of the Thai cave rescuers a pedo. I really wonder if someone who loses control over his wording in such a way is the right person to judge in the future what can be said on his Twitter platform and what can't be.

He is also dominating space with his satellites and some sources state that it is close to impossible to compete with him because in that sphere around planet Earth there is only so much space for satellites to be placed. He already "owns" the majority of it. So how far is that guy going to go?

One real problem I see is that with so much power, most people can't keep themselves under control even if they wanted to. He can implicitly blackmail authorities who are dependent on the satellites like NASA and the Pentagon. He is polarizing so hard, and I am not against polarization per se because sometimes that is a helpful tool to get hurt, but I feel he is crossing many lines at that is a type of polarization our society doesn't need. If the guy stays healthy, he has tens and tens of years to increase his empire and exert more and more pressure. Doesn't feel right to me.

Another quote:

"But by April, Mr. Musk made it clear that his help would go only so far. On Twitter, he said that as a “free speech absolutist,” he would not use Starlink to block Russian state media outlets that spread propaganda and misinformation on the war in Ukraine."

Allowing for spreading misinformation specifically, like proven misinformation: is this guy bipolar?
copper member
Activity: 153
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Professional virtual assistant and writer
November 07, 2022, 05:56:32 AM
Well, when people say it's not about the money that he bought on Twitter, it's hard to believe. We shouldn't forget that no matter how rich we human beings are, we are still bound to want more.

Also, I think its also about making Twitter uncensored which he's currently doing now. Nowadays Twitter is becoming a platform for free speech around the globe.
legendary
Activity: 3500
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November 07, 2022, 05:41:11 AM
Social media has now become so ingrained in our lives that we depend on it for our expressing our ideas and in principle our thinking. 
It doesn't have to be that way, you know.  I suspect if you think we're all dependent on social media, you're probably either under 30 years old or someone who needs it as part of how they make their living.  Using platforms like Twitter, Facebook, and all the other social media sites is a choice (for the most part), and I can tell you that I'm perfectly happy not using any of them.  I don't think bitcointalk counts as social media, but if it does then it's my one guilty pleasure.

Taking Twitter private is the best way to ensure that our freedoms last into the new digital age.  I think Elon bought Twitter so he could see these changes happen and he knew it would cost him 44 billion dollars to make it happen.
I have a hard time taking anything I read in the news (or from Elon Musk) at face value.  You might be correct, but as I said previously when an ultra-wealthy individual purchases some sort of media outlet, it's usually because they want to control the flow of information.  I don't use Twitter, but I'm damn curious as to how it's going to look 6 months to a year from now.  Maybe by then we'll see if the reasons Musk gave are true or if he had another agenda.
hero member
Activity: 826
Merit: 641
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November 07, 2022, 04:20:07 AM
#99
Seems it’s official. However I am puzzled as to why he bought it in the first place.

For one he overpaid for it because looking at tech stocks like Facebook, it’s value would be probably less than $20 a share compared to the $54.20 he paid for it. So he really must have a big interest in it.

Anyone know why? Is it because they banned Trumps account? Is it because it’s censored too much and he wants it to be more decentralized ?
The reason Elon Musk bought Twitter is not so important, the reason is childish and borne of greed. He wanted to control more things, especially a communication platform, and Twitter could only be his reasonable target as Facebook and top others would never sell their platforms to him.

This started as a play thinking Twitter would not take him seriously, but the opposite was the case as they dared him into action. And perhaps, maybe because of shame and ego, he proceeded before trying to make a U-turn giving excuses as if it was child's play. Yet Twitter took him accountable.

I knew he would never win in court!
legendary
Activity: 2492
Merit: 1215
November 07, 2022, 04:03:25 AM
#98
It's quite interesting that many people think that he spent 44 billion to buy Twitter just for doge Cheesy Cheesy

It is also interesting to observe, that many people think that Elon Musk has bought Twitter with his own money, or that people dont count his assets, but think that he has a bank account with billions on it. I think a lot of people imagine, that Elon has logged in into his bank account, clicked "new payment" and transferred 44 billion to Twitter bank account. I think these people will be amazed, when they find out that behind this deal stand a lot of other companies and Elon Musk is not the only owner of Twitter.
legendary
Activity: 1974
Merit: 1108
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November 06, 2022, 10:22:15 PM
#97
Social media today is seen as the leading weapon in everything from political propaganda to business, so it's no surprise that Elon or some other billionaire buys up the popular social network like Twitter. In today's world, whoever controls the media will almost certainly win. The companies that Elon runs like Tesla and Space all have fierce competitors, this Twitter buy is definitely good for his work. According to recent reports, many companies have stopped advertising on Twitter but most of them are competitors of Tesla.
It's quite interesting that many people think that he spent 44 billion to buy Twitter just for doge Cheesy Cheesy
hero member
Activity: 1778
Merit: 709
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November 06, 2022, 08:46:57 PM
#96
-snip-
Musk wants to charge $19.99 on people with blue checkmarks.
One thing is close to the possibility that it will actually be implemented because there has been an announcement published on Twitter's "help" page for $4.99.
How much does Twitter Blue cost?

Twitter Blue subscriptions are paid on a monthly basis, and priced regionally based on the current US price of $4.99.
Assuming if the blue twitter users are 424k according to statista, twitter will get a steady annual income of more than $25 million.
It seems that verification to get a blue account will be made easier in the near future.  Cheesy
jr. member
Activity: 126
Merit: 2
November 06, 2022, 08:13:53 PM
#95
1. make Twitter a trusted platform
2. a platform for free speech
3. Combat bot proliferation

I read it from here
https://blog.amartha.com/official-owner-twitter-ini-3-reason-elon-musk-beli-twitter/#:~:text=Still%20quotes%20dari%20Washington%20Post,important%20to% 20various%20angle%20view.
legendary
Activity: 2996
Merit: 1054
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November 06, 2022, 07:36:55 PM
#94
It is undeniable that Elon Musk is a talented guy and holds the position of the richest person in the world at a relatively young age compared to other rich billionaires. The man is pulling Twitter out of a long slump into a completely different new era. I can't describe to you what Twitter would be like like SpaceX and Tesla.
About firing 50% of employees around the world, he won't just fire someone without doing a background check. There should be a reason for him to do that.

He wanted a complete change and by firing those employees he can put people who can wok with him and with all those demands that he want, Elon Musk is not just a billionaire by chance but by IQ and skills, he will take over and will make things profitable for his business, twitter might be something that he can use with his business and he will surely maximize the use of it in order to gain more money.

He spent a lot and expect to gain it back with a huge percentage of profits. We will understand everything once he executed his
main goals, just wait and see.
legendary
Activity: 3024
Merit: 2148
November 06, 2022, 06:45:27 PM
#93
If you take Elon's words at face value, it seems like he sees himself as a messiah who will save America from some political catastrophe like a civil war, and he wants to do that with free speach, so that all political sides had access to it and no single side dominated the info space.

Now he seems to be on track to suffer a huge loss, as advertisers don't like the idea of Twitter to become a place of uncheked free speech, because they don't want to be advertised on a platform with a big presense of extremist content like racism or homophobia.
hero member
Activity: 2548
Merit: 607
November 06, 2022, 06:34:16 PM
#92
IMHO, Elon's Twitter purchase was basically a power move- power and control over politics, followed by an advertising cost savings for the various companies under his purview.  I don't buy the whole free speech absolutist bs either as he has already made petty moves that undermine and contradict this.
hero member
Activity: 2338
Merit: 757
November 06, 2022, 03:21:51 PM
#91
It is undeniable that Elon Musk is a talented guy and holds the position of the richest person in the world at a relatively young age compared to other rich billionaires. The man is pulling Twitter out of a long slump into a completely different new era. I can't describe to you what Twitter would be like like SpaceX and Tesla.
About firing 50% of employees around the world, he won't just fire someone without doing a background check. There should be a reason for him to do that.
hero member
Activity: 2268
Merit: 669
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November 05, 2022, 03:50:41 PM
#90
Didn't musk tweeted the reason why he want to acquire twitter?. As far as I can tell, musk must have another reason why he wants to acquire twitter. We all know that musk tweeted crypto related on twitter platform and msybe that's the other reason why he wants to acquire twitter and successfully acquired twitter, It also could be for political reason. Well, I found this in the article provided in here about bthe reason why musk acquired twitter though I think that this is what he wants people to think (I may be correct or not at all).

The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence
legendary
Activity: 3122
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November 05, 2022, 01:48:06 AM
#89
Well firstly I think it's great that Elon Musk bought Twitter for an important reason. The fact that we have freedom of speech as a right is absolutely amazing but in practice we’re not being delivered on that promise. Social media has now become so ingrained in our lives that we depend on it for our expressing our ideas and in principle our thinking. 

Taking Twitter private is the best way to ensure that our freedoms last into the new digital age.  I think Elon bought Twitter so he could see these changes happen and he knew it would cost him 44 billion dollars to make it happen.
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