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We all know how rich and influential Elon musk is and if I'm not mistaken, he used his influence in promoting Dogecoin. Recently there has been a trending news of the 19 yo boy, Jack Sweeney who has refused to delete his account that tracks the billionaire's private jet and was offered by the latter $5,000 but counters with his own 50,000. This should be chicken change for Elon but it seems the man has other plans.
 Come to think of it, is this move of buying Twitter another of his impulsive acts or is he afraid of Jack? Your thoughts on this, please 🙏 https://www.legit.ng/people/1453754-elon-musk-reportedly-offers-19-year-old-n2m-delete-twitter-account-tracking-private-jet-boy-wants-n20m/
 

Why would he be afraid from the 19 y/o kid? He may not like the idea of this kid tracking his whereabouts, but I don't think he has big influence in buying the social media platform. I am more on the idea that he has plans for this, in terms of business aspect of things. Definitely, he has eye on this platform because he is actively using it even before the announced acquisition. One benefit for him is it is easy to announce any updates on his plans via informal tweets and he already knows that it can create interest from the community. Just look at the doge price today.

it has nothing to do with him buying twitter ... the reason he bought twitter is because nowadays information becomes something valuable,, from twitter he can mine a lot of information that he can use to enlarge his business empire,, and that's the reason he bought twitter

I don't think Elon Musk is afraid of this. the reason he bought twitter is because he wants to have a social media platform. I've read his interview some time ago, he showed interest in creating a social media platform, and in one of the interview sessions he said it was easier to develop an existing platform than to develop from scratch. and after some time passed, he finally acquired twitter. So this might be the answer to his past interview.

The news about that boy is some Months old and it doesn't have anything to do with why they bought Twitter. The boy was intruding into Elon's privacy which he didn't like and not just that, it was a security risk to him as the richest man on earth and the boy as well(people will be ready to buy any information he finds about Elon).
Why would Elon Musk be afraid of Jack, someone who was not afraid to influence Bitcoin and some meme tokens, what is there for a successful person to be scared about if not for security and some privacy.

I’m pretty sure Elon Musk could’ve just report the leaks and Twitter would’ve taken down the Tweets or the account itself.

In Twitter’s report Tweet options, there’s an option for: It’s abusive or harmful > Includes Private Information > Home address or physical location/Other

A person like Elon Musk clearly does not need to be scared of anyone or anything. He is not buying it because he is scared and want to monitor tweets. I think he just wants the ownership so that he can :
1. Advertise doge
2. Place people strategically like the owner of bitcoin.com to say good things about his preferred coins
3. Enter-make profit-exit the market and do it in a loop using Twitter somehow

Well I do not know what are his intentions to buy Twitter but other than profit ofc I do think there are some underhanded reasons as well therefore at the end of the day this thing can also cause his downfall but the guy is not at all affected by the public opinions as well. Remember about ending world hunger ? Or about trying to pump the price through his tweets?

Elon has thought about buying social media platforms for 3 years minimum:


He joked about buying facebook to delete it in 2018.

The share price at which Elon bought twitter is more than it is worth. It might have been better if he lowballed them. The current trend of society could make platforms like twitter completely worthless considering I see only bs posted there recently for the most part. There appear to be fewer and fewer people everyday speaking truth and facts on the internet.

I mean spending 50 billion dollars just to get away from 50k payment would be funny, but at the end of the day he knows that if he pays 50k to this kid, some other account will come up and do the exact same thing and ask for 50k again, which wouldn't make sense, he would be out of money eventually because everyone would open an account to follow his moves if that were to happen. Hence, it is clear to me that this can't be stopped.

Only thing he could hope for is that he could start twitter, and then all of his "free speech" bullshit will go away and he will ban anyone who follows anyone's plane, which would be against free speech, but he is that kind of guy anyway.

1.The idea of spending 44 billion USD just to stop a 19 year old kid from "tracking" him is ridiculous.
That kid could still track Musk and publish the info on another social media platform.Do you think that Elon Musk would buy all social media platforms,only for the sake of stopping a teenager from tracking his private jet? ;D
2.AFAIK,the deal about Twitter still isn't approved by the US authorities.There is a small possibility that the authorities might decline the deal.
3.Musk stated that he would buy Coca Cola only to add cocaine as an ingredient.You never know when he's serious and when he is trolling.

Surely he could have saved 44 billion dollars and offered the kid 50k instead, no?

He's already said he hopes his critics stay on Twitter. It's not much of a profitable enterprise anyways, so he'd be better off not arbitrarily banning people like the current model the executives have in place. He probably bought Twitter out of boredom and because he can afford it.

I agree with the part that he can afford to buy it, but I don't think he did it just because he was bored! I also don't think he bought it because some Jack Sweeney, he could and can deal with him in many other ways, probably a lot cheaper ones!


Exactly this, we never know when he's serious and when he is trolling everyone! He is full of surprises, and sudden unexpected moves! One thing is sure, he is making money, and we will see what he will do with Twitter now, I bet he will surprise all of us, and of course, make a nice/huge profit from that!

Spending 44Bn for the 5or 50K expense doesn't really matches and it can be one of the reason but Elon has other Big reasons for buying the Twitter especially after realizing how much influencing power he is having over the internet people in the recent days so he can make money by using them.

I don't understand why you think that he would be concerned by such a small act, although he will mostly likely stop the account in future, it will simply show his need for control and poor ownership traits of such a large social media platform. All Jack is doing is consolidating publicly available information that could be posted in many other places and it will definitely move to a new platform if it ever got shut down. Maybe Elon is vindictive enough to want to hunt down where Jack is geographically located, if he doesn't know it already, but beyond that he cannot do much else. Elon should be more concerned by the illegal stock manipulation that he engaged in with his failure to declare ownership up to 10% - but the SEC has already shown it is weak to enforce the law.

This is the most ridiculous reason to buy Twitter, and I don't think it was mentioned, but it attracts viewers or forces them to comment, even in a sarcastic way.

The deal that took place to buy Twitter is more than a temporary investment, but rather a long-term investment, and the profits that it will achieve are nothing more than an increase in the share price, but rather the political and social impact of Twitter.

• It is a double-edged sword, and it seems that Elon Musk has decided to be influential in politics, something that could be dangerous for him or gain more influence.
• The man's actions are not absurd, and he may make Twitter as a "company" a better place, but it will not add to freedom of opinion or the decentralization of these networks.

Elon is a very smart guy so there is no way that he will fear of just because of this teenager's taking advantage of him. Before we knew it, he has already made a good arrangement with this teenager which i think Elon is not also being taken advantaged of. And about his real intention on buying Twitter, that remains a mystery until now, the thing that only himself knows it. One thing is for sure, Elon buys Twitter because it can make him more profitable and productive in the future.

At first I thought it was Jack Dorsey and began to think about the reason for that, but Jack Sweeney? What is this strange reason?
The subject of buying an Elon Mask has received a lot of analysis, most of which will be useless, it's a big deal but it's a bargain in a sea of deals.
Let's see how Twitter will result in continuity as a profitable company and how it will maintain the numbers of active users are the measures of success.
Until we get there, the deal still takes several months to complete.

That’s true, why there’s a need to spend Billions of money just to shutdown the account of one user, it doesn’t make sense and seriously Elon has another plan and we have not seen it yet. Expect a lot of changes in tweeter, and most probably will become a more regulated even if Elon promise a good freedom here. Elon is very innovative, I wish to see Tweeter to be the best social media platform to start accepting cryptocurrency and consider it as legal, this can he the start.

There's a dipper reason why Elon bought Twitter out of nowhere, and not is not because of a simple tweeter user most probably Elon is planning to do something big that could change the whole Twitter system. Let's just watch his next move, and he might introduce DOGE on this platform just like the expectation of many and see how the government regulation respond to this one. Elon is a big player, he's very powerful right now and can do everything he wants, let's hope that its for the best benefit of everybody.

For someone like Elon this is without a doubt the easiest path, developing a social media from zero is possible but gaining enough users is the biggest challenge as most people are happy with the number of social networks they belong already, so unless you can build something completely innovative then it is better for him to buy an existing social media platform and then adjust it to his vision, which is exactly what he is trying to do after he bought twitter.

Gaining good userbase is really a tough task. Elon Musk always tries to provide service to certain level of people. Particularly his focus will be over the elite and not upon the common people. For this reason surely a social networking platform could've never been this successful if he have developed it from the scratch. Even now he have planned for charging certain category of users which isn't a needed one for a social networking platform.

I really doubt it. Elon Musk buying Twitter is more of the desire to earn more and control more. It must not be out of fear. Elon Musk ventured into the great unknown with his space program. Why should he even cower at a child's trick? The richest man on Earth is even trying to colonize Mars, and you think he is afraid of a young boy? For goodness' sake! Elon is not even taking this child seriously.

Many speculations circulating after Elon Musk bought Twitter, some even said that there were people behind Elon Musk who pushed and helped Elon Musk to buy Twitter, but I'm sure that Elon Musk bought Twitter because he had big plans in the future.

44 billion dollars just to shut down the Twitter account of the kid? What?!
Maybe he could pay someone to kill the kid for just a billion but instead he went through the trouble of paying more and he ain't even dead yet and won't stop pestering his jet. He just stopped the account or even an IP ban can be bypassed.
I doubt that's the purpose of it. There's more to it but of course its sacred. It will all be a surprise to social media but we here in crypto space might have a clue about what will happen.

I guess its more on he bought Twitter because has the money to buy it, and it will pave way for his own real intentions to still make money the most. And definitely, if he thinks Sweeney can compromise his own plan, then he must have settled with him in a way that only Sweeney and him know the deal. But whatever it is, it does not change the fact that Elon always takes advantage where there is a great way is. At the end of the day, i just hope Elon's owning Twitter can bring improvement for the platform as much as it will bring also a lot of advantages for him.

Don't think Elon will be influenced to buy something by anyone since for sure he's smart taking advantage om certain situation for his personal gain. Maybe there's little convincing factor but I believe Elon see the huge potential of twitter for getting more gains since he know how powerful the social media is. Hopefully there's no censorship and free speech will still here and he will not be manipulated by government.

I agree with you, Elon is a smart guy and knows how to take advantage of things, We did see how he controlled DOGE before when nobody even see the potential of that coin. I think those existing features wouldn't be remove, It is what twitter makes unique and because of that they are great. Elon would just be adding or incorporate some web3 features such as NFT's and signed wallet/account for us to be verified.

He wont really be making himself to be billionaire if he wasnt that brilliant or wise enough on every decision that he do makes whether there are some influenced by other people or simply do make out solely on his

own decision on which its not something surprising and on whatever things that they do have in mind specially into their intents then its none of our business.He had bought Twitter and we dont know on what would

be his future plans with this platform or on what things would be integrated or what would be removed and everything would really be still question mark,

I'm sure no one gives $40+ billion because he's bored in life, even if he has a lot of money, which is definitely the case here. Any form of media that has a global impact such as Twitter is something that goes beyond the business aspect, and can also be considered as an investment in shaping public opinion.

The real reasons for the purchase are not known to us, but it is certainly not to shut down an account that only published data that is already publicly available to everyone.

I think Jack has nothing to do with this purchase. Elon has long wanted to create his own free social network, but in the end it turned out to be easier to buy a ready-made version and adapt it a little for himself. In general, the story with Jack is very interesting, it was very in vain that he did not agree to $ 5,000.

I'm rather amazed at how people find connections for the weirdest of things. He's an entrepreneur, he wouldn't have reached his current position if he couldn't use his brain to think about stuff,  and buying Twitter based on this kid certainly isn't one of them. I wouldn't even consider Musk having "impulsive" actions, pretty sure they all have some thinking behind them one way or another. Plus I don't think he gives a damn about what people think about him, so I don't think being "afraid" of jack is plausible.

Yes, that's right, many netizens think Elon Musk bought Twitter because of encouragement or other reasons that do make Elon Musk look regulated. but i also think that elon musk bought twitter because of his own intentions for his big plans. While he hopes Twitter remains a medium of free speech, he has other big plans. Elon Musk has surprised people with what he's been up to lately.

Well the Jack Sweeney case was quit unusual but celebrities face this kind of issue from paparazzi all the times. So we can not said that Elon musk did just because someone was attacking his privacy.
If you following Elon musk's tweets for long time you already know who found of Elon musk is toward twitter is and his eyes was always to create an open platform for everyone to express there thought was and now he take this opportunity to modify what already is there to the betterment of so many. But it doesn't mean that someone can speak anything in the name of freedom of speech to violate someone personal life religion, race or anything. This can't be tolerated.

There could be correlation between Elon musk and  Jack Sweeney in purchasing twitter account because after all twitter isn't the largest social media platform he could have gone for others or possibly create one with some unique offers that will be more catchy compared to twitter. I think something fishy lies behind his twitter purchase. I think what he intends to do with the purchase will bring his intents to limelight

The power of Twitter cannot be measured in the nominal terms of just looking at PE ratios and so on. Twitter has a lot of political power that is not considered in traditional stock fundamental analysis, that's why it doesn't matter if it's not profitable within itself, you put yourself in a position of power by owning it. Of course Elon will try to find a way to make money out of it directly too.

I don't like this idea that Twitter depends on the mood of whatever latest billionaire has bought it tho. You never know who will buy it next.

There are so many rumors circulating about Elon Musk. I would argue that Elon Musk has big plans after the twitter purchase. one of them is making Twitter a paid platform like Facebook, tiktok and others. I'm not sure anyone else sparked Elon Musk. The richest person in the world cannot possibly be managed by a teenager who is only 19 years old.

It is completely illogical especially when we take into account that Elon believes in freedom of speech, so if he banned someone for personal reasons and that did nothing wrong then it would become plainly obvious that he is not willing to hold up those ideals at all and that Twitter will just become his own personal toy instead of the platform for free speech that he wants it to be, so when we begin to think about this it does not makes sense at all for Elon to invest so much money for something so small.

I believe that Elon Musk bought Twitter because he has his own beliefs, he is a rich person who fought from scratch so that every decision he makes is of course through deep consideration, but whatever he does after buying Twitter, of course, he hopes that Twitter will shine and fully support cryptcurrencies. .

Elon Musk certainly has a team that does an in-depth analysis of Twitter's prospects, I'm sure he bought Twitter for bigger business interests and he plans to make Twitter a social media that supports cryptocurrencies.

I don't think that's the reason, if that's true at all. If it's a security risk, wouldn't it be possible to contact authorities? Anyway, at first I thought the kid was a dick for asking a lot of money. Then I saw the account has almost 460k followers, which is quite big and thus certainly more valuable than $5k. And Musk is very rich, so why not just pay up and settle it. In any case, that would cost way less than buying Twitter, much less. So the explanation doesn't sound reasonable.
And, in any case, I don't think it will affect the crypto market.

Jack Sweeney created a Twitter bot to track the movements of Elon Musk's private jet. Musk previously offered Sweeney $5,000 to take the account down, but he declined. Sweeney said "it's hard to think that he wouldn't do something" now that Musk will lead Twitter. Elon Musk uses Twitter to make jokes and share his opinions, which often happen to be controversial. Musk is renowned for poking fun at people who cross him, weighing in on global events, manipulating asset prices, and sharing his thoughts on how Twitter should be run.
His buying of Twitter is not fueled by anyone.

We all know how Elon Musk is so focused on all his desires, and once he aimed for that, he won't stop finding ways until it became his own. So his decisions are definitely his own will, and not that he was threatened nor being tricked,  especially with this young boy who has less experience compared to Elon. And his inner desire to buy Twitter has nothing to do with other people, as he is known to be more selfish when it comes to profits.

Doesnt matter on what are the issues been raised or controversies in regards into his decisions had been made but one things for sure that he do comes after on things which he do see that it could really

benefit him out which is something not really that surprising and those conflicts in between or negative thoughts and inputs then i dont really care at all as well Elon do. :D

He do made out plans which he could really make even more money, whether we do know the actual reason or not behind those decisions then its none of our business.

When viewed by Biography Elon Musk, which is full of charismatic, I am sure that all the decisions he made are purely his own ideas without any encouragement from others, after being bought Elon Musk now the value of Twitter shares increases significantly and this makes his wealth continue to grow.

Elon Musk terminates deal with Twitter: https://apnews.com/article/elon-musk-twitter-inc-technology-4193a27d86458952542dfa2176150a01


He cites a lack of information/transparency on bot accounts as his reason. Sure, I suppose people might buy that excuse.

I'm wondering if the economic downturn had anything to do with his decision not to sink over 40 billion dollars into a miserable social media enterprise filled with college aged children complaining about how they were oppressed because they were misgendered at the coffee shop. He's claimed that he's losing billions of dollars on his car factories due to supply chain shortages, and he's cut staff at Tesla citing economic concerns. It would be a horrible move to overpay for twitter at his buying price, especially with recession on the horizon.

Losses in business venture is inevitable and here's the perfect example i guess.It turns out that buying of Twitter didnt really end up on what he had anticipate or expected.
Selling it again on a lower price or at loss? I wont be surprised but he hadnt made out any conclusions in regards but he had already given his reason which do clearly
sums up everything.I do agree that people will surely buy that excuse.

I've seen this news and wasn't surprised.

I guess those people that have an opinion about it that he's really going to buy it were correct after all.

He has set some conditions and there goes the news that Twitter wasn't responding(?) for the deal.

It seems like a buzz only and also, probable that the crisis really has something to do on this deal that they've got. Better to allocate that fund somewhere else that will make his companies and products better.

Elon was the one of the big shot with huge money as their balance.If he want to buy the twitter,it’s very easy one for them.When the talk of twitter going to owned by the Elon musk is real.Then it very simple for them.The purpose of buying the twitter will be very simple one.He need to had some upper end on the most of the social media which includes the Twitter.Twitter had huge influence to many of the crypto projects.

What he really wanted to do was renegotiate the deal but he isn't much of a negotiator and much more so a demander and went about it without proper dialog, which ultimately became his undoing.  He got what he wanted until he didn't want it anymore, consequence of rush, ego, and not doing one's homework.  Hopefully he'll focus on Tesla- improving the products and expanding the product lines, if he wishes to remain at the top.

Well, that's him and I think he's doing what he want to do and he's on that position. Unless the whole management of Twitter didn't really want to have a deal with him.

Well, it's already closed and done and there will be no more deals between the two. The $42B deal was over and if there will be another offer from whom, how much would be the valuation of it?

After the agreement was terminated, Twitter's stock market shares lost 8% of its value. This is really bad news for investors who invest in Twitter stocks...

I think I know Elon Musk better with Dogecoin... He may be a very enjoyable and funny person in real life, but he is a ruthless wolf in financial markets. I think there is a big manipulation behind the Twitter thing. I have nothing to prove that. All my feelings and experiences make me think like this.

How many years will Elon Musk be suing Twitter shareholders?
I think he'll be in the news for a couple more years.

https://decrypt.co/104760/elon-musk-cancels-twitter-purchase-agreement-reports
Elon Musk Cancels Twitter Purchase Agreement
After weeks of waffling, the Tesla and SpaceX CEO is attempting to break his agreement to buy the social media platform.

Dude is richest man around the globe if he wanted to clear the boys doubts he would have done it other ways. This is too much exaggerated news with pointless assumptions for the same. Plus its claiming that he has info on various billionaires and that makes me laugh if all of those billionaires altogether could not figure out how to make deal with that 19 y boy then who does?

In addition to this any sort of info that boy has could not hamper a little to billionaires as they run the half government. lolz.

Yes, that might be the real reason on why Elon buys twitter and that is to gain more dominance and it wasn't because of that young boy who is spying his jet. If Elon wants to, he already sue jack long time ago for doing this inappropriate act because I think spying or stalking someone else is a kind of crime that is against the law but I salute Elon there for being a good man despite of what happened because he didn't do anything bad to the kid but he also offers a good amount of cash for the kid to stop what he was doing.

Unfortunately the kid responded and he calls a much higher amount but Elon think it was insane already so he blocked the kid.

So has Elon Musk bought Twitter now? because what I read in the local media today is very different from the facts.

Elon Musk ended his deal to buy Twitter for $44 billion. Musk's lawyers claim Twitter has not fulfilled its contractual obligations.
Meanwhile, Twitter's Chairman of the Board of Directors, Bret Taylor, said the company is still committed to locking the deal according to the original plan and will not hesitate to take legal steps to enforce the agreement.

"We believe we will win on the Delaware Court of Chancery," Taylor wrote in a tweet. _{Source: cnbcindonesia.com (https://www.cnbcindonesia.com/market/20220709130313-17-354250/jreengg-elon-musk-batal-beli-twitter#:~:text=Jakarta%2C%20CNBC%20Indonesia%20%2D%20Elon%20Musk,Twitter%20belum%20memenuhi%20kewajiban%20kontraktualnya.)}

With Elon Musk terminating the agreement to buy Twitter, there's no doubt that Twitter market will plummet as we all know how the richest person move affect any market he goes into.

Unfortunately, the ruthlessness of Elon in the financial market affect too much where he can literally control the market whether it increase or not. He is too scary to be involved in the crypto market as what he did during the dogecoin fiasco.

The market had already factored in that Elon had lost interest in buying Twitter, which was why the price of a Twitter share was considerably below the $50~ price that he was offering far before today's announcement that he was abandoning the attempt to purchase. However the agreement that was laid out did not give him room to abandon the deal at the agreed price, so the board of Twitter are fully within their rights to force him to go through with the deal. There was also a disparagement clause that he broke within the first few days of announcing the deal. He knew that there was a problem with bots before attempting the purchase, in fact cleaning them up was one of the stated aims behind him buying the platform. You say he is ruthless, however it is more like a conniving and rotten type businessman only seeking to extend their influence by dirty methods.

Now that Elon had decided to opt out of his plans acquiring Twitter, what next? I can see that he had made so much research of what could happens if he eventually acquire Twitter looking at the way the Twitter stock seems to be declining since he announced his plans of going for it. Now I think everything will come to normal and we'll going to rest and be rest assured that he will not use the opportunity of getting Twitter to advertise his love for his favorite crypto project.

The fact still remains unchanged, the reason as to why the current market of Twitter is down is mainly because of Elon Musk whether it be termination of the agreement or the agreement itself.

Based from the article posted above, it seems like there's a temporary hold on the deal made on May. However, the Chairman of the Board of Twitter will do anything to pursue the agreement made between them and Elon Musk.

Elon Musk is indeed a ruthless type of businessman with his knowledge on the financial market and his ways to manipulate it.

Regardless of right or wrong, but indeed in this case he can really do anything with the finances he currently has and it is not impossible to manipulate things like this.
He's now in control of several big projects and it's now clear he's even more powerful after getting Twitter.
Regardless of how he did it this was something that was difficult for anyone else to do and his thinking was actually one step ahead in this regard.

This is certainly a joke. I am not surprised that this is one of the means of propaganda that Elon Musk is excellent at. Do you think that Elon fears for his privacy? of course no? But he definitely liked the story and wanted to use it to get more excitement on Twitter. Elon is manipulating everyone and I don't think anyone is able to manipulate this man, not because he is the smartest man on earth but simply because he is the richest man!! As long as you have the money, you can do anything, even the things that seem to be against you will turn out to be in your favour.

The conditions were nonsense from the start. Of course Twitter has some problem with bot accounts, every social media platform does. He's afraid that he overpaid at 54 USD a share when the reality is twitter is probably worth half of that. They aren't very profitable for a social media giant so he isn't going to get any major ROI.

Elon let his ego get in the way. Shocking for a billionaire, I know.

You are right with the wealth that Elon Musk has, he can do whatever he wants, I doubt that the reason Elon Musk bought Twitter was because
he was scared by 19 year olds. Elon Musk must have big plans why he decided to buy Twitter at such a high price. Moreover, Elon Musk is indeed
a visionary who has a certain strategy to do something big in the future. So normal people like us, it would be hard to understand the real reason
why Elon Musk bought Twitter, I believe Elon Musk wants to enlarge his business empire through Twitter. Moreover, Twitter is one of the platforms
often used by Elon Musk, so it's only natural that Elon Musk wants to have Twitter, so he can freely do whatever he wants through Twitter.
So of course it's a big joke if links Elon Musk's Twitter purchases to Jack Sweeney.

Well it looks like our billionaire influencer, Elon is backing out of the deal with Twitter. On Friday, he announced his bid to back out ad he claimed Twitter was not being upfront about the amount of fake and spam accounts on the platform. This change of heart will see him settling the social network around a billion dollars as against the $44bn that was put on it.
 But where I'm finding it hard to wrap my head on is why he waited this long to discover this miscrepancies. Is there something he's not telling us? Has found a way to settle Jack Sweeney or are his reasons genuinely founded?.