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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 ?

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 (https://news.yahoo.com/trump-says-allowed-back-twitter-021019834.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFv85c61v9sv1QnxhalBZqpM7R0lG7kpA04UNwJX-93z_sOISp1xzP4vThsuohgRHaTItYCPZkD38db5KkOOS5V8qTluUaOjWbGCXErn5owULMNvDkv2xFxyfVCP2SFSHBD9txKAKVCBVjtd-hOI0T-azrYjO9E4gGvZnmK8gF43)

In addition, it is quite likely that Trump will run for president again in 2024. So it all adds up.

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.

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.

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.

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.

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 :D.

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.

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 (https://twitter.com/elonmusk/status/1585841080431321088)". 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.

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.

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.

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.

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’ (https://www.theguardian.com/technology/2022/oct/27/elon-musk-completes-twitter-takeover)

Also Binance has announced, they've invested on this acquisition: Binance’s CZ Confirms Participating as Equity Investor in Musk’s Twitter Takeover (https://www.coindesk.com/business/2022/10/28/binances-cz-confirms-participating-as-equity-investor-in-musks-twitter-takeover/)

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.

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

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

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.

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. 

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.

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.  :D

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 ??? 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.

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.

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.

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.

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.

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.


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

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.

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

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.

the man doesn't really have interest in politics, he is already rich. but he explained it that twitter is important as it will serve as the digital town square for democracy to implement. and sure he has plans to make BTC or doge on twitter like the plan they have with previous twitter owner.

i've read it somewhere, its kinda funny theory that he was pushed to spend billions to save the particular people to send to Mars if nuclear war will happen. seem not happening now and his project postponed. so he is fighting back. i wanted to see a twist to this story if there is just a movie for it. yip its a crazy story only a methhead can come up.

With how Elon already affected the masses previously when it comes to shilling any memecoins which unfortunately has been very effective. Owning twitter now will surely boost and will be much easier for him to do. However, there seems to be much more agenda behind him buying Twitter. He already fired some of the executives of Twitter and just as Don Pedro Dinero said, it might be a political agenda.

He was already doing that without owning Twitter, so no need to spend $45 billion just for that. He is an eccentric billionaire manchild and I don't buy all that bs about freedom of speech (I do hope that I am wrong there and that he changes some things) but he ain't stupid.

My guess is that his plans are much bigger than shilling some shitcoins as he mentioned earlier about wanting to create "everything app" and that having Twitter userbase would speed up the process for 3-5 years. WeChat is sort of app for everything as its been massively used in China for payment, chatting, gaming etc so maybe he wants to create something like that. Unless of course he gets bored soon and just resells Twitter in the future which is entirely possible knowing how unpredictable he can be.

Musk does things out of a whim because he can. I hoped he won't buy Twitter, but here we are. I think the main reasons are that he really likes the platform and has already been very prominent on it, but also that he wants to be able to reorganize something as powerful as Twitter based on his beliefs. I guess we'll see whether he truly believes in absolute freedom of speech and how it will be in practice and whether it won't actually just become another kind of censorship, based on what Musk finds acceptable and not acceptable.

I don't think Elon musk bought Twitter just because he wants to pump doge coin, actually since he bought Twitter doge coin have been pumping, but I think the reason why he bought it is best known by him.
I think I support you, Elon musk already has the money already so I don't think money should be his problem, but I think he wants everybody to know about him, he wants to be mentioned in every aspect, I think that's why he decided to join even cryptocurrency, whenever you mention doge coin, then you will have to mention Elon musk, so I think he just want to be in every sector.

First of all the American public probably would've let him get away with other stuff but the majority will not be voting for him after that "Watergate 2.0" documents fiasco.


He already revealed it. It's called Project X.



No.

Owning a social platform doesn't put you above the SEC's iron first just as owning a website doesn't mean you can post whatever you want to manipulate markets.

---

Considering that Jack Dorsey (the original Twitter co-founder) is making a Web3 version of it, it may seem that this acquisition is irrelevant anyway, like catching a falling knife, or buying .com businesses before the dot-com crash.

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Edit:


The answer is that they are completely uncorrelated. Trump doesn't need Musk's help to win an election. Also I don't believe either him or Biden are in for a second term as the people are sick and tired of their antics/policies.

Still doesnt add up on why he buy twitter though. Donald Trump is a name / individual that will keep on existing even if he is banned on Twitter. Besides that, even if Trump runs for another president, he doesnt really need twitter to help him win the election. Most of the Americans are not really happy with how Biden runs things around so good chances he might got it back if he runs for it even without being on twitter

As far as I am aware, he wanted to just build a centerpiece for what’s to come. He wants to build something that would be one giant centre for all his future social media or human interaction business, he could have purchased all of facebook which would be facebook+instagram+whatsapp and that would be better for him but he doesn't have that much money.

So, I am assuming that he bought the next thing that he could with the amount of money he has and that’s the reason why he got Twitter. In a few years we are going to see him branching Twitter out to bigger and bigger things and add more stuff to it, and that’s when we will understand why he wanted to buy it so badly.

I agree with the idea that Musk may seek to gain influence more than just thinking about money, at the same time it cannot be overlooked that what he has done cannot be outside the scope of the investment activity, which must reap profits in one way or another.
I thought that the issue of the purchase of Twitter by the global billionaire Musk had been transferred to the American judiciary, due to the percentage of fake accounts on the platform. Are there any details about how things turned out and how a settlement was reached?

You could read i up here.

“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,” Musk wrote in a tweet

Source: https://www.cnbc.com/2022/10/27/twitter-cannot-become-a-free-for-all-hellscape-musk-tells-advertisers.html

I do agree on that reasoning though but lets see on how Twitter would be running under his hands.

I take Elon's words at face value -- he believes in free speech and wants the de facto town square to be free and fair, allowing for all voices to be heard.

He won't make twitter a place for free speech absolutism, but it sure will be a better forum for ideas than its current iteration. Driving out the far left wing politics and media industrial complex that have had a monopoly on big tech will be refreshing, and getting rid of the bots would help clean the place up.


This doesn't make sense. No one in their right mind is going to spend 44 billion dollars so they can get some political favors done. There are much cheaper options. And Elon Musk is a Ron DeSantis supporter anyways. He has no intentions of voting for Trump. I don't think this is about politics.

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.

He definitely has a plan, considering he's making such a heavy investment. Although Twitter is about to die from underutilization in some countries, it's still quite popular in some countries. I think he didn't buy Twitter because he was directly interested in its income, he wanted to buy it because of the influence it created. Never before have we witnessed a social media site ban the American president and look so strong.
I don't think he ever intends to make Twitter decentralized. I don't think this purchase has anything to do with Trump's ban, at least directly, either. Since it's a platform that directs the masses, it seems normal to me that he wants to control it. After all, as the richest person in the world, it wouldn't hurt to pay extra when he could afford to buy such a thing. Building such a platform from scratch and reaching this number of users wouldn't be easy. We will see the effects of this buy in the coming years.

Lol, the funny story and reason i heard why Elon musk buy twitter is because his fight with bill gates and did that to own twitter and ban bill gates twitter account and revenge for that, that’s a silly reason of course and so childish to be honest that’s a low level for a person in his position and being the richest man on earth doesn’t give him the right to do silly things
For him he claims that he did it to help humanity and fund humanity causes, since he has much money and twitter even he makes him more money that won’t effect his assets that much

Just to show off his money power and capability lol. Just kidding.

Twitter's supposed overall profit isn't even in the same league as Elon's owned companies therefore it's something about having a big audience in one place. No way he will just spend big money for nothing.

We will only know the stuff behind this once we saw Twitter doing such unusual action on their platform under Elon's ownership.

remember, he is a businessman. so he is seeing something profitable on this social media channel. not only the audience but the money flowing in and out using this socmed. he can easily reach out to the public also via this channel. no way he will buy this if he doesn't see anything favourable to his agenda.
we will see in the coming days what kind of moderation they will apply here under his leadership.

Seeing him as a businessman plus owning a legit social media app and is quite popular among the people, you know where this is going. And probably if find another opportunity that would favor him he will do anything since he got the money. Although, I'm confused why choose Twitter or perhaps he got a fanclub on that app so he could do anything just to create the hype that he wanted. Will there be an unusual activity going to happen after he owns it?

The reason he gave was that he wanted people to have an open town square where they could communicate freely without censorship leaning to one political party.  In reality, he thinks that Twitter is the perfect tool to build out for an "everything" app.  He's stated that he wants to make Twitter like WeChat in China, where it handles payments, booking, communication, pretty much everything you need.  By taking Twitter private now, he was also able to cash out a lot of his stock in Tesla at the peak, and diversify his holdings into Twitter, which he believes he will take public again in around 5 years, probably cashing out a pretty penny in the process.

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.

Well, I don't see a "public town square" flocking around a for-profit platform (assuming they expand on Twitter Blue) especially not one that freely bans right-wing personalities. The future is more what BlueSky is about.

That would be like saying that everyone reads a specific newspaper or watches a particular news channel.

The everything app, OK, but then again, an OS with an App Store can already do all that stuff. It's just a case of people (both at WeChat and Twitter) wanting to control everything without going the full 10 miles and writing a whole OS for it.

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.

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.

Binance is expanding their assets through investing in different ventures and that's a good idea that they can do. While they're at the peak of their business, that's what they have to do and that's to invest into other companies that's inline with their business principles.

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.

Politics and big business are inseparable and always stick together.
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.

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 ::)

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.

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.

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.

Cant trust up on things that comes out into his mouth?  Its true that whenever these billionaires do say something then there's always a motive behind whether they are just sugarcoating up things but the intention

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.

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.

Are they using Tesla's open-source patent?

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.

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?

The answer is simple, money.
he made a lot of money shilling tweeting for Doge. he certainly saw the additional potential for profit in the first place if he had "full" control over that network. all that talk about freedom of speech is just a show, there are many other ways to do it, and cheaper ones too.
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).

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.

On the political angle, I think it's about time Twitter's strangulation on free speech/posts was cut loose.

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.

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.

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.

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

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.

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.

only works if you know how to live for hundreds of years.

He bought it because he wants freedom speech. I doubt he is looking for money. I doubt even more that it was because trump was banned from twitter. But if he does manage to somehow make it popular, there is money for him. He might be able to remove censorship, but it will still remain centralized. By the way, he is going to charge monthly fee for verified blue tick user. Highly likely he is going to accept crypto payments. If he does, that's a plus one for us.


That article is just a click bait. Biased media. Biased title. Of course he is going to fire all those that "failed" twitter and wanted censorship. Why would he keep someone employed at the top level who supported and made the previous twitter policies?

Elon Musk certainly has a business calculation that is profit and loss when buying Twitter, and the thing that we can easily catch is that Twitter users are in the second rank after Facebook so that it becomes a great potential to be developed for business, I'm sure 2 or 3 years Twitter will be full with advertising so as to make a very large money.

Elon Musk's behavior is always interesting to follow, whatever Elon Musk's tweets are, they often become trending, like last year when Elon Musk often tweeted to invest in Doge and made Doge skyrocket from under 200 and into the top 30 and is currently ranked 8th. , of course when he bought twitter the main reason is business opportunities in the future, many analysts think the price of $ 44 billion is too expensive, but I believe if Doge can reach 10x the current price then Elon musk get huge profit.

If he makes Twitter Blue purchasable with crypto at $8/month per pop then I might grab one. Wouldn't it be ironic if Bitcoiners and crypto activists who have been buried by the search algorithm suddenly have the blue tick, while those nocoiners who were previously gifted the tick lose it from non-payment?

The playing field would be reversed.

More power social media can give him huge power because he can do all what he want without anyone censoring him so I guess this is smart move to him because at the moment he can spread anything information he want to digest by his followers. And indeed this one is good to follow since we know that Elon is active on cryptocurrency so maybe he will bring up something cool on Web3 or other upcoming upgrades on cryptocurrency scene.

As we know that Elon Musk has many businesses and of course to make businesses like Tesla needs a place to advertise, and Twitter is a global social media that will make the Tesla brand or all that Elon Musk has will be worldwide.

Elon Musk appears to have had an interest in buying Twitter long ago because he once tweeted about getting social media and implementing some change that will allow freedom of speech and decentralization.
I believe he's not stupid to have spent the funds that can easily feed every soul on earth in obtaining Twitter. However, what we don't understand is that this money is not even from his pocket and this is what these billionaires and millionaires do. They do the acquisition expensive property or business with loans so they can escape tax.

The idea of Elon Musk wanting to buy Twitter might sound a bit odd, but there are people who think that he might actually be a good fit.

There are probably three products he has in mind like SpaceX, the electric car company, and Tesla Motors. Each could potentially benefit from having Twitter as part of their existing corporate social media presence.

SpaceX may publicly confirm a rocket launch or landing via Twitter posts; Tesla can use this service to share news about its cars and on the other hand the company can provide updates on their status to the public through social networking platforms.

Is Elon Musk telling you that at this point? Because every human being who already has the ability in two things (the ability to think and the ability to money), then he will always do whatever can make him profit because the profit from every job is part of the business goals that have been built. And that's regardless of what method Elon Musk uses, because clearly he will always pursue profits in simpler ways through some things.

Or is it because of that kid jack sweeny who always track his flights? And he want to buy twitter because he wanted to rid of that kid. Other rumour would be the free speech. He wants to restore it but I am not sure if decentralized is the term to use there because I think twitter itself is already centralized and then we all know that Elon Musk have a past record and known as the master manipulator of sh8tcoin.

There is a chance that he will be doing that again but this time he will control the whole platform. Last reason would be is for doing business. He can use it to generate more revenues. There are so many ways that he can do with twitter to make that possible.

Are we really sure about that? He is a weirdo and he could do something just for the fun of it, and he bought twitter and the first thing he did was making blue ticks cost something and that wasn't loved by anyone aside from scammers who found it cheap to have blue tick and convince people they are not scammers.
I am sorry but he doesn't look like someone who has ideas, he looks like who has dreams and I am sorry to say this but he probably will fail for a while, and then will find a way when others help him see that way. He is not a guy who can run a company successfully, he is a guy who can sell an idea to people and get money and then use that money on engineers who can turn that dream into reality.

Musk is an egotistical fleabag who probably only wanted to buy Twitter because he wasn't satisfied with some of their decisions in recent years(Banning Trump etc).

He decided not to go through with it at the last moment(Probably due to shareholders pressuring him), but couldn't change his decision due to legal issues. Twitter is basically a toy for him to play with.

I think Elon Musk is not so satisfied with the services and features that Twitter provides to users that Elon wants free speech, Elon also indicated that he would relax Twitter's content moderation policy and at the same time take action against irresponsible users. violation of their service program Elon also said that he could change it if twitter became a private or private company. This is in line with the sentiments of Jack Dorsey in one of his tweets which said that Twitter was owned by Wall Street and the advertising model in the sense that Dorsey revealed that turning the Twitter company into a private company was the right step. So you can have strategic planning freedom if you become a private company.
There were several internal board problems that influenced the board of supporters to support the resignation of Jack Dorsey as CEO, the trigger was because Jack Dorsey was not able to increase the possibility of Twitter being abandoned by other social media colleagues, and also the value of Twitter shares was stagnant. In the end, Jack Dorsey resigned in November 2021. Of course, Elon will not stay silent considering Jack Dorsey is his theme.
Content moderation isn't the only thing Elon will do, there are a few other things he'll be working on. What he has said on several occasions:
1. Elon was once asked to add an edit button
2. Elon wants users who subscribe to blue Twitter to be able to pay with their favorite cryptocurrency DOGE COIN
3. Elon said it should create an algorithm that determines which posts to show to users which is open source to increase public trust on Twitter.
4. Lastly Elon said that Twitter should get rid of spam bots that interfere with his platform or die trying to do so and he will authenticate all real humans with some sort of verification badge.

Elon being weird or not is totally out of context. He is intelligent and a business man/entrepreneur who has the means and resources to fulfill his desires. He bough twitter because he plans, and right away, those plans will gradually unfold. The blue botton for like is one of the many amendments to suit his agenda. He has the ideas like you have said, but the one with the ideas is not really the one who enacts them. He has brilliant personnel and engineers more than one can count to execute his ideas. Let's hope the company twitter doesn't elude him in no one single way.

Last time I saw it was said he bought twitter to help humanity. Maybe it refers to the new policy he wants to introduce on twitter, which claims to be free speech friendly and against censorship.

Well, that is what they say, but the real purposes may be others yet. Elon Musk is a wealthy and power accumulator and presents himself towards the masses as a prosperity creator and as a savior (especially regards freedom and individual rights).

Individuals who present themselves like this, while having hidden agendas are dangerous in my opinion. I fear this man controls too much power and influence towards the world at some point.

When you do have the money
When you do have the fame
When you do have the popularity

Then you could actually be able to attain that superiority which you could anytime set out some hidden agendas behind with those pleasant things that you've been doing.
But come to mind that whenever the community or entire world do knows about shitty stuff to came out then it would definitely affect his overall image which i dont
see for Elon on risking out on what he had trying to establish.We dont actually know on whats running into his mind when it comes to future plans or something.

Why Elon purchased Twitter? Hehehe, maybe to add a social media platform to his list of acquisitions. Up to date, his achievements include X.com, Tesla, SolarCity, SpaceX, Starlink, Hyperlink, Open AI, Neuralink. Now adding Twitter to the list helps for diversification.
 In one of his posts he said he could include a service dedicated to car rides on the platform, so I won't be surprised if he would think to market Tesla on there too.

 

Elon Musk is a businessman and knows what to do, for those who do not understand and think that $ 44 billion is a very expensive price but I'm sure 2 or 3 years in investment $ 44 billion will return and profit, and the main mission of Elon Musk is to become Promotion Means for Elon Musk's Business Line.

It is always part of the business; he purchased it so he could earn it back. I think the reason was to promote more of his business and its data. I know Elon is doing some sort of AI right now, and the data coming from Twitter could be used to improve his AI. We know that Elon's inventions or projects can greatly help humans, and I am hoping that all of us can benefit from them.

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.

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).

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.

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.

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.

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.

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.

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.
Assuming if the blue twitter users are 424k according to statista (https://www.statista.com/chart/28633/verified-users-on-twitter/), 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.  :D

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 :D :D

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. (https://www.reuters.com/markets/us/who-is-financing-elon-musks-44-billion-deal-buy-twitter-2022-10-07/)

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!

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.

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.

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.

This is an incomplete list (https://www.theguardian.com/news/2022/may/03/billionaires-extra-power-media-ownership-elon-musk) 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. (https://www.theguardian.com/technology/2018/jul/15/elon-musk-british-diver-thai-cave-rescue-pedo-twitter) 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." (https://www.nytimes.com/2022/10/14/technology/elon-musk-ukraine-internet.html)

Allowing for spreading misinformation specifically, like proven misinformation: is this guy bipolar?

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.

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?

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.

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.

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[1] https://www.bbc.com/news/business-63408384

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.