Why exactly did Elon want to buy Twitter?

[lovesmayfamilis]

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

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

[Husires]

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.

[Inwestour]

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.

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.

[Bananington]

Anyone know why? Is it because they banned Trumps account? Is it because it’s censored too much and he wants it to be more decentralized ?

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

[bitzizzix]

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.

[crwth]

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.

"The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner without resorting to violence," he wrote in a tweet on Thursday, addressing advertisers.

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

[Maidak]

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.

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

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

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

[Lucius]

Why exactly did Elon want to buy Twitter?

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.

[electronicash]

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.

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

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

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

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.

[Jemzx00]

Why exactly did Elon want to buy Twitter?

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.

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.

[Rikafip]

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

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.

[kryptqnick]

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.

[Issa56]

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 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.

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.

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.

[NotATether]

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

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.

You can't predict Elon Musk's move, the real reason why he bought twitter will remain unknown until he decide to reveal it through his next moves

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

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.

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.


Edit:

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

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.

[arallmuus]

It seems that the purchase had a political background, yes. People who have those levels of money are no longer driven by money so much as by power:

Elon Musk ‘fires Twitter executive’ who banned Trump as speculation mounts he could return to platform

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

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

[el kaka22]

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.

[coupable]

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?

[Mahanton]

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 ?

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.

[Gyfts]

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.

It seems that the purchase had a political background, yes. People who have those levels of money are no longer driven by money so much as by power:

Elon Musk ‘fires Twitter executive’ who banned Trump as speculation mounts he could return to platform

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

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.

[nurilham]

It seems that the purchase had a political background, yes. People who have those levels of money are no longer driven by money so much as by power:

Elon Musk ‘fires Twitter executive’ who banned Trump as speculation mounts he could return to platform

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

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.