Today Friday October 28th Elon Musk came to Twitter HQ to sort out what had to be done, he came with a washbasin and tweeted 4 hours ago "the bird is freed". This means that maybe he really wants Twitter to be more decentralized. Of course, after Elon's arrival at Headquarters, Twitter shares rose to $53.18 as it was almost close to the acquisition price had occurred at $54.20. Regardless of the intent contained in it whether it's political or not I think he wants to return to his reputation which had sunk because he made Twitter wait too long.
Topic: Why exactly did Elon want to buy Twitter? - page 6. (Read 1026 times)
Additional income stream, I guess.
There are many daily active users of twitter and when a social media platform is being used by many users, companies will go there and advertise their company or business. Just look at Facebook.
Elon has a mind that no other businessmen have. I mean he is doing something that businessmen aren't doing. Him pursuing his main goal which is people living in Mars. I saw a Facebook post an hour ago just when he officially bought Twitter, he went in the office with a sink. I mean who in the hell will go to his office with a sink on his hand
.
I expect good things in Twitter now that we have a new owner and now a private-owned company. 44 billion for him is just small and he can just earn that money in a year with his other business, I guess.
There are many daily active users of twitter and when a social media platform is being used by many users, companies will go there and advertise their company or business. Just look at Facebook.
Elon has a mind that no other businessmen have. I mean he is doing something that businessmen aren't doing. Him pursuing his main goal which is people living in Mars. I saw a Facebook post an hour ago just when he officially bought Twitter, he went in the office with a sink. I mean who in the hell will go to his office with a sink on his hand
. I expect good things in Twitter now that we have a new owner and now a private-owned company. 44 billion for him is just small and he can just earn that money in a year with his other business, I guess.
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.
It may be somewhat political too, but I don't think that - no matter how rich he is - he would spend 44 billions only for political reasons. He must have been convinced he will earn that money back and 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.
It may be somewhat political too, but I don't think that - no matter how rich he is - he would spend 44 billions only for political reasons. He must have been convinced he will earn that money back and more.
Money aren't the main motivator. Social media platforms aren't very profitable and their stocks are overpriced.
Elon Musk is driven by his own ego. He wants to be in the spotlight. He wants the people to like him and talk about him 24/7. Maybe he's turning into a narcissist or maybe he keeps trolling everyone.
Meta is going downhill. Instagram is trying to become the new TikTok and the IG users hate that. Facebook has become "grandma's favorite social media" and the young people ran away from FB years ago.
Maybe Musk wants to make Twitter "great again", by reducing the amount of censorship and trying to gather more republican/conservative/right-wing users, who keep complaining about the progressive-liberal "big tech" corporations trying to silence them.
Elon Musk is driven by his own ego. He wants to be in the spotlight. He wants the people to like him and talk about him 24/7. Maybe he's turning into a narcissist or maybe he keeps trolling everyone.
Meta is going downhill. Instagram is trying to become the new TikTok and the IG users hate that. Facebook has become "grandma's favorite social media" and the young people ran away from FB years ago.
Maybe Musk wants to make Twitter "great again", by reducing the amount of censorship and trying to gather more republican/conservative/right-wing users, who keep complaining about the progressive-liberal "big tech" corporations trying to silence them.
Sincerely, I have no idea as to his intentions because he's not the kinda person whose actions can be predicted. On the outside, he's saying the purchase was for Space X and since it's a platform with alot of potential, it's a worthy buy.
Twitter will be facing a lot of changes as they've already been pressed with a debt of $13bn and with his initial plan to scrap %75 of the workers, and according to a co entrepreneur, Jason Calcanis, a suggested workforce of 3000 workers was given to Musk..
Personally, I think the major part of his job would be to resuscitate Twitter in the years to come.
Twitter will be facing a lot of changes as they've already been pressed with a debt of $13bn and with his initial plan to scrap %75 of the workers, and according to a co entrepreneur, Jason Calcanis, a suggested workforce of 3000 workers was given to Musk..
Personally, I think the major part of his job would be to resuscitate Twitter in the years to come.
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.
legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
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.
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 ?
Jump to: