IMO, Elon has a greater purpose than to whatever reason he made publicly for purchasing the platform.
It could be political, power, or just plain more money generating purpose.
But, I'm thinking this is most likely a "power" motivation for Elon for purchasing one of the most used social media platform globally.
I mean, money won't matter to him anyway that he even overbought it.
Topic: Why exactly did Elon want to buy Twitter? - page 3. (Read 1024 times)
From what I've noticed, of course, Elon Musk's strong reason for buying Twitter is to make a profit. The most valuable thing in the world today is data, Elon will also certainly be able to collect data from Twitter users when he has Twitter.
on top of that, he used a bank loan to buy Twitter and he charges $8/month for accounts that have "blue ticks". For long-term profits, buying Twitter will be very profitable for him and his investors.
on top of that, he used a bank loan to buy Twitter and he charges $8/month for accounts that have "blue ticks". For long-term profits, buying Twitter will be very profitable for him and his investors.
If you control the opinions, you can manipulate the collective opinion. With world going online.Twitter is the power where new revolutions can get started. Where governments can be toppled. Where trends are made and de-made to suit the agenda.. so the rich techie desire to sit in the controller seat.
It's true that things like that can happen, especially Twitter I think is different from other social media,Twitter has its own power but after all the new revolution will not happen easily,
Regardless, let's see what Elon Musk will do with Twitter
first of all, it's most likely that Elon Musk wants full control over the access that Tritters have which we all need to know that living in a high reputation cannot be separated from the impact of Politics, big business is inseparable and always united we all know that an Elon Musk is an entrepreneur, great, visionary, people who promote progressive ideas.
the second is undeniable twitter is the largest social media that includes a lot of knowledge, access, information or more about cryprocurency and he should have a clear calculation and Twitter's great potential can certainly make Elon Musk's wealth continue to grow.
I hope that Elon Musk's full ownership of Twitter will have a good impact on the world of cryptocurrencies.
the second is undeniable twitter is the largest social media that includes a lot of knowledge, access, information or more about cryprocurency and he should have a clear calculation and Twitter's great potential can certainly make Elon Musk's wealth continue to grow.
I hope that Elon Musk's full ownership of Twitter will have a good impact on the world of cryptocurrencies.
Did Elon Musk really overpay when he acquired Twitter? I thought he purchased it at market price? I read news about the acquisition as a political move. Some users were leaving Twitter already. But I believe Elon Musk purchased it with a business agenda as its main reason. Twitter is actually bleeding financially hence we expect Musk to make a major revamp. News circulating lately is that Musk wants to charge $19.99 on people with blue checkmarks. I am optimistic Musk can make Twitter a profitable company soon.
Musk's partners during the takeover are crypto people like CZ of Binance and Sriram Krishnan of A16z Crypto. I am feeling that a metaverse is part of the plan and probably a new coin will be launched just like Zuckerberg's plan to launch Libra before.
Musk's partners during the takeover are crypto people like CZ of Binance and Sriram Krishnan of A16z Crypto. I am feeling that a metaverse is part of the plan and probably a new coin will be launched just like Zuckerberg's plan to launch Libra before.
There's this content creator named Uptin popped on my suggested videos that I've watched and he speculates that Elon is trying to do the same thing as what wechat of China is doing.
It's being like an everything app or service where almost everything can be done on it. Like payments, transfers, investments, as in almost everything.
And that's how powerful is that super app/service which he saw with wechat of China.
It's being like an everything app or service where almost everything can be done on it. Like payments, transfers, investments, as in almost everything.
And that's how powerful is that super app/service which he saw with wechat of China.
Twitter probably brings nice money from advertising. And it can be "improved" to bring more.
Twitter has a huge number of users. I would not be surprised if Elon has in mind businesses targeting vast number of users and this will give a good potential user base.
This is the angle most people aren't looking at from. For me, this is a very vital part of the deal. As a shrewd businessman, many people aren't seeing what he saw while making that deal. I believe he's looking at the advert potential of Twitter which surpasses every other social media site. Buying Twitter for Elon will be like paying heavy sign-on fee on a player with clout but outsiders scream that it's a waste of financial resources until tickets, jerseys and stickers sale shoot up just because that single player joined that club. It's the same thing I see in all this Elon stuff with Twitter. Elon Musk will recoup his invested cash in no distant time. Twitter has a huge number of users. I would not be surprised if Elon has in mind businesses targeting vast number of users and this will give a good potential user base.
On the political angle, I think it's about time Twitter's strangulation on free speech/posts was cut loose.
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 ?
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 answer is simple, money.
he made a lot of money
I don't trust him, and I don't like it at all that one person has such a big influence on crypto (or anything).
If you control the opinions, you can manipulate the collective opinion. With world going online.Twitter is the power where new revolutions can get started. Where governments can be toppled. Where trends are made and de-made to suit the agenda.. so the rich techie desire to sit in the controller seat.
Manipulating the collective opinion and trading with crypto at the same time is very profitable... Now he is in the driver's seat, he can set his own rules and watch all others. I guess he is planning to become the first trillionaire ever, and that is not so impossible when you give it a thought. That can happen soon, he is making money anyway, and crypto can make some crazy spikes in the next 10 years. But I am not sure why would anyone want to be so rich, where's the purpose of that?
He did it because he could. He has so much money that he doesn't need any more houses, cars or jets. He has a bit of popularity as well, but he could use some more power and that's what he bought, the power over what people with even more power than him can post. That can buy him a lot of friends, but also a lot of enemies, depending on how he plays the censorship card.
That's what I'd expect of him. He'll act like a white knight of free speech and really using it for free advertising and pumping a shitcoin. There's always a hidden meaning with this guy.
He wanted to spike Doge past a dollar he will do so over the next year with proper twitter info. He will then cash out billions worth of Doge and essentially get twitter for free.
He needs a new gig since Tesla will struggle in the electric car business due to 'real' car companies jumping in the electric car race.
He needs a new gig since Tesla will struggle in the electric car business due to 'real' car companies jumping in the electric car race.
That's what I'd expect of him. He'll act like a white knight of free speech and really using it for free advertising and pumping a shitcoin. There's always a hidden meaning with this guy.
He announced that he will get 20 dollars per blue tick, but I think it is not because of this. If there are 1 million blue tick users, it makes a profit of 20 million dollars a month. He will also use the market for manipulation. He is a man who really knows his business. He has absolutely nothing to lose and he knows what to do and where to do it. He wins because he takes this risk
He could lose on this Twitter just like any other business. Twitter has a lot of users but there are other social media network giants out there. Tiktok or Reddit has large followings as well and those who do not like the new policies that he'll implement will just move there.....He needs a new gig since Tesla will struggle in the electric car business due to 'real' car companies jumping in the electric car race.
Are they using Tesla's open-source patent? 
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 ?
If I am not mistaken, and correct me if I am, it is something about Twitter becoming a festering cesspool of things that defines humans as the worst of the hominids (lmao). Botted content, scammers, unsolicited ads that do not even align with what you want, hackers, racists, and the likes. He says he wants to buy a portion of Twitter in the first place to actually change this and make twitter a more free and decent application. Although I am not really sure if this is really the case as with all these multibillionaires always having an ulterior motive. 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 ?
wasnt really that supposed on what he had said but the other way around. He might able to say those things but lets see on what he would make out that now he owns Twitter completely.
He could do whatever he wants and lets see if those changes would really be applied on what he had said earlier on or would totally be seeing the different
which we didnt know or totally on whats up into his mind.
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 ?
If I am not mistaken, and correct me if I am, it is something about Twitter becoming a festering cesspool of things that defines humans as the worst of the hominids (lmao). Botted content, scammers, unsolicited ads that do not even align with what you want, hackers, racists, and the likes. He says he wants to buy a portion of Twitter in the first place to actually change this and make twitter a more free and decent application. Although I am not really sure if this is really the case as with all these multibillionaires always having an ulterior motive. 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 ?
Elon Musk bought Twitter because buying social media that already has a reputation and large users is easier to develop, of course he has clear calculations and the huge potential of Twitter can certainly make Elon Musk's wealth continue to grow.
He wanted to spike Doge past a dollar he will do so over the next year with proper twitter info. He will then cash out billions worth of Doge and essentially get twitter for free.
He needs a new gig since Tesla will struggle in the electric car business due to 'real' car companies jumping in the electric car race.
He needs a new gig since Tesla will struggle in the electric car business due to 'real' car companies jumping in the electric car race.
It seems that in addition to the dismissal of old employees, they also started returning some disputed user accounts, so we have the first winner who got his account back (Kanye West) - so the man is not guilty of anything, only his statements were a little anti-Semitic. Does this mean that Mr. Mars will unblock some Russian accounts? Maybe Putler and the team will get the freedom of speech that has been denied to them 
It seems that the purchase had a political background, yes. People who have those levels of money are no longer driven by money so much as by power:
Elon Musk ‘fires Twitter executive’ who banned Trump as speculation mounts he could return to platform
In addition, it is quite likely that Trump will run for president again in 2024. So it all adds up.
Elon Musk ‘fires Twitter executive’ who banned Trump as speculation mounts he could return to platform
In addition, it is quite likely that Trump will run for president again in 2024. So it all adds up.
This can be one of the reasons why Elon Musk buys Twitter. However, there should be more reasons. Elon Musk isn't a typical person who focuses on government politics. He prefers to be busy with business matters than taking part in government politics. I am pretty sure that buying Twitter will increase his popularity and it may have a big advantage in promoting his business in the future. It is probably about Tesla products or other things.
Elon Musk is a great businessman, a visionary, a person who promotes progressive ideas, whether it is the Internet for everyone, space flights on return carriers or unmanned vehicles. But we must not lose sight of the fact that he received contracts for flights for Spacex from NASA (from the US goverment) for Starlink from the Pentagon.
He is very strongly connected with the money of the goverment, and apparently Trump's unblocking is not just a coincidence.
Twitter is popular and I think that the influence that he's got, for him, it's not enough. Well, after this acquisition look at what Elon has done.
Elon Musk completes Twitter takeover and ‘fires top executives’
Also Binance has announced, they've invested on this acquisition: Binance’s CZ Confirms Participating as Equity Investor in Musk’s Twitter Takeover
As expected, some companies contributed a lot for Elon to take the ownership and it’s good to know that Binance also part or it. Maybe this is the start of freedom and revolution with cryptocurrency, firing the old executives are normal every time we saw new partnership or ownership, most probably Elon will put people their who are close to him and know how they work. Twitter will become more exciting in the days ahead, let’s wait for their news. Elon Musk completes Twitter takeover and ‘fires top executives’
Also Binance has announced, they've invested on this acquisition: Binance’s CZ Confirms Participating as Equity Investor in Musk’s Twitter Takeover
And for the execs and other positions, he's got the highest share so he's got the authority whoever he wants in and out. He has planned it before the acquisition that he'll put the people who's in his care. Let's see how he will manage it.
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 ?
I think Elon has given a big enough statement citing the reason why he was keen on buying Twitter. Most of it revolves around how Twitter is going to be a medium of exchanging useful thoughts in the future and how an unbiased speech is required on the platform. But I think this decision revolves more around proving himself in front of the world. He has been known to take wild and crazy decisions and I think buying Twitter is one of them. But strange to see firing all the CXOs on day one itself because if there were any differences in approach they could have been settled through conversations but he has chosen the hard way to bring his own guys in to get better control over Twitter. 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 ?
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.
When companies get bought out, it isn't uncommon for the buyer to pay a premium over the going share price. In Musk's case, it doesn't surprise me that the economics seem to be playing a backseat role in this whole thing--because him buying Twitter was never about turning it into an enormously profitable enterprise. He wouldn't need to do that, nor is he the Warren Buffett type, looking for undervalued assets.Why would any mega-rich person want to buy a media company? Same reason Ted Turner, WR Hearst, or any similar person in history has taken control of one: it's a power play. If you control what people see and hear about the world, you can very effectively shape their opinions about pretty much anything.
I think that's probably the real reason behind Musk's Twitter buy. He might be an advocate of free speech and all that, but he's got to have an ulterior motive to spend that much money on something that's likely not going to be very profitable.
I'm assuming he will influence politicians also to approve his EVs and shut off bills that distribute s Canadian diesel and gas. Bring back Trump after all he needs that guy, they both are businessmen. It needs a group of oligarchs to get rid of the old oligarchs in the position.
Elon afaik is not friends with those WEF guys like Bill Gates and Mark Zucker. The WEF guys like the people in tech companies who can harvest data so Elon must be one that's his goal I think.
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