Why exactly did Elon want to buy Twitter? - page 5.

Lucius

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Why exactly did Elon want to buy Twitter?

He bought Twitter so that he could easily shill shitcoins, isn't that more than obvious Roll Eyes

I don't think that such an unstable man who often changes his mind is a good choice to be the owner of any such influential social network, but I also think that he, like any other spoiled child, will throw away that toy sooner or later. All this nonsense about media freedom is just nonsense, especially if he restores the profiles of those who incited violence and are responsible for the deaths of people who are direct victims of that violence.

Maidak

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Quote from: Inwestour on October 28, 2022, 08:54:24 AM

Quote from: KaliLinux on October 28, 2022, 08:00:46 AM

So does this mean Elon Musk can even tweet whatever he wants and influence the market since he is the owner of the platform now without someone censoring him Huh

Because I believe maybe before now that would have happened if he posted something that might be inappropriate for the market or seen as trying to manipulate the market.

If I'm not mistaken, then Elon Musk became the owner of Twitter, but even if he was not its owner, he still would not have the right to manipulate the market with his tweets. Although we have already seen him do this more than once, and no one reacted to it in any way, which may be a signal for him that he will go unpunished for this. I don’t know what this deal can change, but for now everything remains as it was, it’s just another toy for a rich person.

We still don't know what his purpose is to buy Twitter but speaking of him using Twitter to manipulate the market I don't think so. He did it before and was soon discovered by everyone and if he continued to do so, not only would he get nothing but his reputation would also suffer.

Certainly the acquisition of twitter is not for the purpose of the crypto market, but it is reported that binance also contributed 500 million to Elon in this deal. With this news, I think it will be good news for crypto in the future as CZ is one of the most influential people in the crypto space.

crwth

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I remember an interview where he wants to build something out it and make like a digital world and make it even more decentralized to make everything okay but of course not the illegal ones I think.

I Googled it and I saw this.

Quote from: https://www.newsweek.com/elon-musk-reveals-why-bought-twitter-1755180

"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," he wrote in a tweet on Thursday, addressing advertisers.

It's going to be a sure thing then. Congrats Chief Twit~

bitzizzix

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Elon Musk can buy and run any company he wants and that can be profitable for him, Elon Musk is a very intelligent person and he knows that owning Twitter is a powerful tool to advance his agenda and goals.
and maybe Elon Musk bought twitter to turn it into an uncensored platform that supports free speech, but Twitter is trying to stop this from happening because they don't seem to want twitter to be an uncensored platform where everyone is free to have an opinion. And we'll see what really happens in the future, Twitter and Elon Musk.

Bananington

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Quote from: adaseb on October 27, 2022, 09:56:30 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 ?

The number one reason is that he has enough of money to purchase it, and doesn't really need any real reason to pay more than what people see as an okay price for it. Rich people sometimes can buy something simply because of the likeness they have for it and not for any serious reasons. Twitter is one of the lead social media services, It is something that anyone who can afford it will like to have knowing that you can make back any money you spent on getting it and even get more.

Inwestour

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Quote from: KaliLinux on October 28, 2022, 08:00:46 AM

So does this mean Elon Musk can even tweet whatever he wants and influence the market since he is the owner of the platform now without someone censoring him Huh

Because I believe maybe before now that would have happened if he posted something that might be inappropriate for the market or seen as trying to manipulate the market.

If I'm not mistaken, then Elon Musk became the owner of Twitter, but even if he was not its owner, he still would not have the right to manipulate the market with his tweets. Although we have already seen him do this more than once, and no one reacted to it in any way, which may be a signal for him that he will go unpunished for this. I don’t know what this deal can change, but for now everything remains as it was, it’s just another toy for a rich person.

Husires

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Which baffles me why do people care about news? Billionaires make purchases every day and nobody cares.
Elon Musk is a businessman and will not buy at a price difference unless he sees intrinsic value in the price, and Twitter shares are not as big as Apple or other companies.
Twitter is still considered a source of news and then it will control public opinion.

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Quote from: KaliLinux on October 28, 2022, 08:00:46 AM

Quote from: lovesmayfamilis on October 28, 2022, 04:57:48 AM

Any media is power. But according to Musk, he fights for freedom of speech so that everyone can express their point of view. Dogecoin's payments were also Musk's promises. But we can see all this in the future. Will Twitter really be a free platform, or will we see another power with its own laws in this society.

So does this mean Elon Musk can even tweet whatever he wants and influence the market since he is the owner of the platform now without someone censoring him Huh

Because I believe maybe before now that would have happened if he posted something that might be inappropriate for the market or seen as trying to manipulate the market.

I assume that any publication from a person who has already manipulated the masses once will always be successful. If Musk's tricks are not listened to here on the forum, this does not mean that his followers will be fewer on the Internet.
Maybe a little out of place, but read what Goebbels said about the media. Not so rude, but there is something logical in this.

KaliLinux

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Quote from: lovesmayfamilis on October 28, 2022, 04:57:48 AM

Any media is power. But according to Musk, he fights for freedom of speech so that everyone can express their point of view. Dogecoin's payments were also Musk's promises. But we can see all this in the future. Will Twitter really be a free platform, or will we see another power with its own laws in this society.

So does this mean Elon Musk can even tweet whatever he wants and influence the market since he is the owner of the platform now without someone censoring him Huh

Because I believe maybe before now that would have happened if he posted something that might be inappropriate for the market or seen as trying to manipulate the market.

samcrypto

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After the drama between Elon and Twitter, finally they resolve it and now Elon owns it.
I read other news as well that Elon is not alone here, some companies contributed to Elon, probably they are dealing into something and working with the one goal. Hard to know his reason but hopefully it won’t be bad. Anyway, Trump is back can’t wait to see his tweets again. Cheesy

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Who would have thought that a man like Elon would purchase Twitter at that price, but considering that it is one of the most influential social media platforms ever, I believe he has his own personal reasons. I'm still curious about the motivations behind his purchase, but Twitter has a lot of qualities that can go a long way in terms of social media, which is taking on a new dimension sharing of information goes faster and very easily. Let’s wait and see what will happen.

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Quote from: monineklutak on October 28, 2022, 05:35:35 AM

It seems that the changes in Twitter are not going to happen right away anytime soon,
but it will be interesting to see how Twitter develops and whether Elon Musk promise will be kept or not.
I'm sure in the future Twitter will grow, we'll see

No human or government can guarantee freedom of speech. Would Elon Musk vow that he wouldn't censor speeches that is against him and his companies? How are we sure that Twitter would not be used as a tool to witch-hunt his enemies? For me the only reason why he bought Twitter is for more money, influence and power. He would use this medium to promote himself, company and ideology. Freedom of speech would continue to be a mirage because humans are naturally selfish and self-centered, maybe only superhuman can guarantee it.

Elon Musk is diversifying his wealth and power to build more influence that would enable become a major player in the global and economic settings of the world. We have began to see this influence when he tried to propose negotiation for the peaceful resolution of the Russia-Ukraine conflict.

Sithara007

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It can't get any better than this. The left-wing mafia that had ruled Twitter for all these years have lost their jobs, and have been "escorted out" of the Twitter headquarters in San Francisco. Those who lost the job after Elon Musk completed the takeover includes the following: Parag Agrawal (Chief Executive Officer), Vijaya Gadde (head of legal, policy and trust), Sean Edgett (general counsel) and Ned Segal (Chief Financial Officer). What happened yesterday represents perhaps the most important victory for free speech in this century. People like Parag and Vijaya were the worst abusers of free speech censoring. We should all thank Elon for kicking these people out of their offices.

zasad@

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Quote from: adaseb on October 27, 2022, 09:56:30 PM

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 ?

https://twitter.com/elonmusk/status/1585341984679469056?
"Entering Twitter HQ – let that sink in!"
Elon Musk made a $50 billion bet with another billionaire that he would install his sink in the Twitter office.
Looks like he won the bet.

https://www.theguardian.com/technology/2022/oct/26/elon-musk-twitter-visit-sink
Elon Musk makes splashy visit to Twitter headquarters carrying sink
Tesla CEO changes his profile to ‘Chief Twit’ as Friday deadline to finalize his takeover deal nears

monineklutak

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Quote from: lovesmayfamilis on October 28, 2022, 04:57:48 AM

Any media is power. But according to Musk, he fights for freedom of speech so that everyone can express their point of view. Dogecoin's payments were also Musk's promises. But we can see all this in the future. Will Twitter really be a free platform, or will we see another power with its own laws in this society.

It seems that the changes in Twitter are not going to happen right away anytime soon,
but it will be interesting to see how Twitter develops and whether Elon Musk promise will be kept or not.
I'm sure in the future Twitter will grow, we'll see

Johnyz

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Quote from: adaseb on October 27, 2022, 09:56:30 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 ?

We can only speculate and no one know the exact reason, some can say it's because of censorship and some because of his personal interest.
We can just wait for the future updates with twitter and with that, we can get the answer why. Elon owns twitter now and his first action is to remove the executives probably because something is going on with the organizations and Elon needs to clean in. There's also money and power with twitter, that's for sure.

sunsilk

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I guess it all lies about authority and power, data is the new oil today and everyone who has the most data got the most information from all over the world.

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

lovesmayfamilis

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Any media is power. But according to Musk, he fights for freedom of speech so that everyone can express their point of view. Dogecoin's payments were also Musk's promises. But we can see all this in the future. Will Twitter really be a free platform, or will we see another power with its own laws in this society.

Tony116

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Quote from: Solosanz on October 27, 2022, 11:06:53 PM

Twitter is really a big social media for cryptocurrency space, he can do anything if he want to pump his favorited coin e.g. Doge. I think he don't mind about the overpaid since he's a billionaire and can bought anything that he want. I think sooner or later we will see he will trolling on twitter about Doge and Bitcoin, that will make his fanatic fans taking serious about his joke and buy the coin he promoted.

I don't think he bought twitter just because he is holding bitcoin and doge and his purpose of buying twitter is just manipulating these 2 coins for profit. You would think how long he can do that, people will soon realize if he intends to manipulate for profit. Spent a huge amount of money to buy back twitter just because this is not worth it, he is not that stupid. It seems to have more to do with politics as Don Pedro Money mentioned. It is reported that Trump's account will be restored soon and this means that US politics will continue to be more chaotic.

Reid

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IMO, it's not just business anymore, it will be tainted by politics obviously. Free advertising will be a start, all he need is to pay actors for the ads.
That will be millions of dollars that could be saved, and it will be worth the investment in the long run.
I don't really care about the politics side, but it could influence big time when the elections start. It's not like they could ban the platform during those days so it will be a powerful tool for those who seek power.
The upgrades and new features are what I am looking forward to, I wish they will be good.

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