Elon Musk makes offer to buy Twitter

[Oshosondy]

Like two days ago, Elon Musk in an interview says Twitter ads be better to be paid in bitcoin. Elon Musk has 82.4 million shares of Twitter which is 10.3% of Twitter. Recently he wants more of Twitter and wants to buy Twitter.

Tesla boss Elon Musk has offered to buy Twitter, saying he is the right person to "unlock" the social media platform's "extraordinary potential".

In a surprise announcement, Mr Musk said he would pay $54.20 a share for Twitter, valuing it at about $40bn. It recently emerged that Mr Musk was Twitter's biggest shareholder after he built up a large stake in the firm. He said that if his offer was not accepted: "I would need to reconsider my position as a shareholder".

We all know how deceitful Elon Musk can be, all he cares about is doge coin, not bitcoin, even doge coin rose when he bought shares on Twitter, he is only looking for ways to make doge popular and this can be effective if he owns Twitter. I believe he will fail because Twitter is never like Facebook and will never be like Facebook. His aim will only be towards making doge the dominant coin Twitter will be accepting just as he did with Tesla after his bitcoin criticism which he was wrong about but just wanted to fool people.

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[Oluwa-btc]

He will fail woefully, I have seen tweets about him not being a true lover of Bitcoin, despite holding a huge amount of Bitcoin.
Zero arguments he's a pretty good influencer of whatever coin, but twitter doing much better and ion think they'll sell though.
And why do I feel like we've the the owner of twitter in this community ? Might be wrong though. Why should he even sell Twitter ? Why ?
Wayward move!!
I have seen Twitter is one of the major influencers of Bitcoin.

If he do really wants to get something huge, then he should go make offer's to buy Manchester United.

[Kakmakr]

I think the "reconsidering of his shareholding" has more to do with the fact that he realized that he cannot influence the Twitter board with only a 10% of the total shares and that he cannot be on the board and have more than 10% of the shares. So he said, he does not want to be on the Board, so that he can buy more shares.

Even if he has more than 10% of the shares, he will still not influence the Board to make huge changes to the platform. I cannot see why he cannot hire skilled developers to create a "Twitter" like platform, where he has the majority shares and most of the power to steer his visions for that platform. (The guy took on NASA and won.... why not large social media platforms?)

[Leo]

It's a huge figure, If WhatsApp went for over $19 billion,then,Twitter should go beyond the $100 billion mark. Anything below 100 billions USD is a bad sell out! He can reconsider his shares if he likes or go build his own Twitter if he so much wants a free public speech. I think that Jack won't give him that power he's looking for in other tech space. Jack has done wonderfully well with Twitter though.

[dimonstration]

I think the "reconsidering of his shareholding" has more to do with the fact that he realized that he cannot influence the Twitter board with only a 10% of the total shares and that he cannot be on the board and have more than 10% of the shares. So he said, he does not want to be on the Board, so that he can buy more shares.

Even if he has more than 10% of the shares, he will still not influence the Board to make huge changes to the platform. I cannot see why he cannot hire skilled developers to create a "Twitter" like platform, where he has the majority shares and most of the power to steer his visions for that platform. (The guy took on NASA and won.... why not large social media platforms?)

Probably developing social media platform is not his type. He will do it if he really wants it. Elon a brilliant man and he can get whatever he dream like what he achieved on SpaceX. I believe he is just provoking the Twitter board for there recent behavior towards Elon. He knows that Twitter owner will never sell it to him. He is just teasing that he can buy them so don’t get cocky on me.

[Flexystar]

I think Elon should not be buying Twitter. Honestly it is not his business line. Yes I understand that he is billionaire and he could do any dam thing he wants to do. It’s not big deal for him to buy twitter considering twitter is valued at $36 bln while Elon holds 10% shares meaning he gets that much discount instantly.

However, it would really put Twitter share market value at risk. His mind only works best in tech stuff, and in crypto space he would definitely look after DOGE. But assuming the history, lot of people have lost money due to Elons act of doge tweets! Rest we know how everyone will react.

[qwertyup23]

We all know how deceitful Elon Musk can be, all he cares about is doge coin, not bitcoin, even doge coin rose when he bought shares on Twitter, he is only looking for ways to make doge popular and this can be effective if he owns Twitter. I believe he will fail because Twitter is never like Facebook and will never be like Facebook. His aim will only be towards making doge the dominant coin Twitter will be accepting just as he did with Tesla after his bitcoin criticism which he was wrong about but just wanted to fool people.

I think I read somewhere that Elon Musk mentioned that Twitter should be a "private company." Though I have no idea about his goals in general, it is heavily implied that everything he does is with regard to increasing the price of doge in the future.

As a madman that he is, Elon Musk would definitely do anything in order to profit in the end.

I think Elon should not be buying Twitter. Honestly it is not his business line. Yes I understand that he is billionaire and he could do any dam thing he wants to do. It’s not big deal for him to buy twitter considering twitter is valued at $36 bln while Elon holds 10% shares meaning he gets that much discount instantly.

However, it would really put Twitter share market value at risk. His mind only works best in tech stuff, and in crypto space he would definitely look after DOGE. But assuming the history, lot of people have lost money due to Elons act of doge tweets! Rest we know how everyone will react.

I am assuming that he will definitely purchase Twitter and let his team handle all the complexities and technicalities of the business. At the end, he would sell his remaining shares and just profit at the end which may yield him hundreds of millions of dollars in the future.

[SpenserReed]

Like two days ago, Elon Musk in an interview says Twitter ads be better to be paid in bitcoin. Elon Musk has 82.4 million shares of Twitter which is 10.3% of Twitter. Recently he wants more of Twitter and wants to buy Twitter.

Tesla boss Elon Musk has offered to buy Twitter, saying he is the right person to "unlock" the social media platform's "extraordinary potential".

In a surprise announcement, Mr Musk said he would pay $54.20 a share for Twitter, valuing it at about $40bn. It recently emerged that Mr Musk was Twitter's biggest shareholder after he built up a large stake in the firm. He said that if his offer was not accepted: "I would need to reconsider my position as a shareholder".

We all know how deceitful Elon Musk can be, all he cares about is doge coin, not bitcoin, even doge coin rose when he bought shares on Twitter, he is only looking for ways to make doge popular and this can be effective if he owns Twitter. I believe he will fail because Twitter is never like Facebook and will never be like Facebook. His aim will only be towards making doge the dominant coin Twitter will be accepting just as he did with Tesla after his bitcoin criticism which he was wrong about but just wanted to fool people.

I doubt twitter will fail. It will continue to be a popular social network, but the question is different. Is it worth buying Twitter shares if Musk bought them. For me the answer is no. The company is worth $36 billion and doesn't make any profit.

[bittraffic]

It's a huge figure, If WhatsApp went for over $19 billion,then,Twitter should go beyond the $100 billion mark. Anything below 100 billions USD is a bad sell out! He can reconsider his shares if he likes or go build his own Twitter if he so much wants a free public speech. I think that Jack won't give him that power he's looking for in other tech space. Jack has done wonderfully well with Twitter though.

Its what they are saying on the media that he wants free speech in twitter. To be uncensored anymore. He is up to fight democrats and I think he is backed by lots of political minds. Elon sound very eccentric that would do anything but he seem to know the laws in corporate and politics in US.

The first free speech he did was to not attend the board meeting of Twitter which fellow democrats already protest that his way of free speech is dangerous. And then offers to Buy twitter. Because the board rejects the offer, it gives him the right to ask the board members to question the rejection.

[Smartvirus]

In a surprise announcement, Mr Musk said he would pay $54.20 a share for Twitter, valuing it at about $40bn. It recently emerged that Mr Musk was Twitter's biggest shareholder after he built up a large stake in the firm. He said that if his offer was not accepted: "I would need to reconsider my position as a shareholder".

I see a lot of Tyranny in his statement. So, having the most shares gives you the right or puts you in a position to better buy over someone's ideas. He even got to view himself as the only one that could bring twitter to its fullest potential and I wonder what that could be. I think this idea came up given the fact that, he provided some space network for Ukraine to ensure communication in the on going war when the disruption to this happened.

Considering his positionas a share holder is a very ambitious statement but like OP said, it's another attempt to promote either doge or some other shit coin or perhaps, his looking towards creating a coin for twitter itself and establish some affiliation of usage with the Twitter social media.

[skarais]

We know that he is an overly hyped businessman, he does whatever based on what he wants but I don't really know what he wants by acquiring twitter. He was able to buy all the shares thanks to the financial strength he had, but anyway it was just an offer so I can believe that he might fail with his plan.

So let's speculate a bit about him, did he really manage to pull it off?

[Bttzed03]

Honestly, I don't know what you're all fussing about his proposal. Does it make any difference how you will use Twitter if Elon becomes the owner? How will it really affect your life or your business?

~ I cannot see why he cannot hire skilled developers to create a "Twitter" like platform, where he has the majority shares and most of the power to steer his visions for that platform.

Yes he can do that but it takes time to build a huge user base. He's probably smart enough to try the easiest and probably less expensive route before creating his own platform.

[hugeblack]

We all know how deceitful Elon Musk can be, all he cares about is doge coin, not bitcoin, even doge coin rose when he bought shares on Twitter, he is only looking for ways to make doge popular and this can be effective if he owns Twitter.

If you think someone would pay about $40 billion to pump Dogecoin, forgive me for calling you an idiot.
Elon Musk is looking for ways to dominate more sectors, starting with the internet, automobiles, transportation, and finally social media.
Meta may be the next world, and if Elon Musk manages to create Neuralink Brain Chip^[1] that will replace mobile phones, having his own means of communication will be the next goal.

[1] https://www.youtube.com/watch?v=Gv_XB6Hf6gM

[The Sceptical Chymist]

This is the way news has been focused on within the last month: Russia/Ukraine-->Will Smith/Chris Rock-->Elon Musk/Twitter.  I'm left wondering why the Ukraine invasion lost its importance (I know it hasn't, but you wouldn't know it based on what professional Youtubers are talking about).

In any case, I couldn't care less what role bitcoin plays in Elon Musk's bid to take over Twitter.  So that aside, I think Twitter needs a very serious shaking up in its headquarters, because they're a bunch of scumbags who take their orders from the US government and will censor any viewpoints that don't align with Uncle Sam's.  In addition to that, they're extremely left-wing so they're more than willing to censor any offensive content dealing with race, sexuality, etc., and I hate that.

The way I understand it, Musk is very pro-freedom when it comes to speech (and I hope I'm right about that), so if he wound up running Twitter, I think it'd be a very different company and likely a better one.

By the way, does anyone else think news outlets (and even Youtubers) give way, way too much importance to what random Twitter idiots have to say?  I often hear "X on Twitter says...." and who the hell knows who X is?  More importantly, why should anyone care what a random person on a website that's known for mob rage mentality has to say?  It drives me bonkers.

If you think someone would pay about $40 billion to pump Dogecoin, forgive me for calling you an idiot.

And that was after he was hyping bitcoin and then reversed his position on that.  Seems he does have a tendency to act before thinking things out, because the news said yesterday that he was waffling on the Twitter bid, but I'm not sure if that's true or not.

[Oshosondy]

We all know how deceitful Elon Musk can be, all he cares about is doge coin, not bitcoin, even doge coin rose when he bought shares on Twitter, he is only looking for ways to make doge popular and this can be effective if he owns Twitter.

If you think someone would pay about $40 billion to pump Dogecoin, forgive me for calling you an idiot.
Elon Musk is looking for ways to dominate more sectors, starting with the internet, automobiles, transportation, and finally social media.
Meta may be the next world, and if Elon Musk manages to create Neuralink Brain Chip^[1] that will replace mobile phones, having his own means of communication will be the next goal.

[1] https://www.youtube.com/watch?v=Gv_XB6Hf6gM

Do not get me wrong, I am not saying he is buying Twitter to be able to increase the value of doge. What I am saying is that he can speak good about bitcoin today, but if he buy Twitter, there is possibility he will only make sure doge is used for almost everything about Twitter unlike now which bitcoin is more considered.

[uelque]

What does elon musk mean when he said "reconsidering his positions?" Is he threatening twitter knowing he owns 10% of shares.

Eventhough, I still don't think elon musk will most likely succeed. I don't think the founders can be threaten by elon musk. And I'm sure elon will most likely take back his words. Elon's twitter I think is the only social media platform where he gains popularity related to crypto. And he's not even into facebook or etc. maybe because of some conflicts. Having said that, I don't think elon musk can afford to lose another social platform for another conflict. Because I'm sure there can be one if ever elon don't make things right.

[Pomogator]

Quite expected. He wanted to create his own independent platform, but in the end he just decided to buy out a huge company for tens of billions, very cool. He needs a large platform in which he will introduce DOGE as a means of payment. After the purchase of Twitter, this change will happen quickly, possibly introducing a blockchain network.

[DanWalker]

I think the "reconsidering of his shareholding" has more to do with the fact that he realized that he cannot influence the Twitter board with only a 10% of the total shares and that he cannot be on the board and have more than 10% of the shares. So he said, he does not want to be on the Board, so that he can buy more shares.

He's a very smart guy, he doesn't want to be a board member because as a board member he only owns about 14% of the shares and of course it won't be enough to affect twitter changes. Instead of buying back all the shares, become the new boss of this prestigious social network.

Even if he has more than 10% of the shares, he will still not influence the Board to make huge changes to the platform. I cannot see why he cannot hire skilled developers to create a "Twitter" like platform, where he has the majority shares and most of the power to steer his visions for that platform. (The guy took on NASTwitteron.... why not large social media platforms?)

Twitter is Elon's favorite social network and we also know twitter is the most popular social network today, so it is very difficult to create a new social network and have the same success as twitter.

[NeuroticFish]

We all know how deceitful Elon Musk can be

Exactly. I would not be surprised if it was more an attempt to pump the price of Twitter shares in order to sell afterwards, for example.
We simply don't know what his plans are and expecting that they're indeed related to crypto may be a bit much.

[Leo]

It's a huge figure, If WhatsApp went for over $19 billion,then,Twitter should go beyond the $100 billion mark. Anything below 100 billions USD is a bad sell out! He can reconsider his shares if he likes or go build his own Twitter if he so much wants a free public speech. I think that Jack won't give him that power he's looking for in other tech space. Jack has done wonderfully well with Twitter though.

Its what they are saying on the media that he wants free speech in twitter. To be uncensored anymore. He is up to fight democrats and I think he is backed by lots of political minds. Elon sound very eccentric that would do anything but he seem to know the laws in corporate and politics in US.

The first free speech he did was to not attend the board meeting of Twitter which fellow democrats already protest that his way of free speech is dangerous. And then offers to Buy twitter. Because the board rejects the offer, it gives him the right to ask the board members to question the rejection.

Elon is forced to buy twitter for his safety and reconfigure its security, I think that He simply wants twitter because he doesn't like Mark Zuckerberg, Jack won't sell it, It will be foolsh to sell Twitter as the owner. How can you sell your legacy to another man. Money is not everything, at least money is not a problem to Jack Dorsey. Twitter is the most powerful social media platform for breaking News and trending discussions, it can innovate itself into a real-time news aggregator and resource suggestion tool using the latest technology like artificial intelligence to solve topical issues for users. The potential of Twitter is endless.