Why exactly did Elon want to buy Twitter?

[ingiltere]

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.

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[GxSTxV]

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

[chaser15]

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.

[AmoreJaz]

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.

[Oceat]

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?

[OgNasty]

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 ?

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.

[The Sceptical Chymist]

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.

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.

[NotATether]

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.

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.

[bittraffic]

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.

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.

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.

[teosanru]

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 ?

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.

[sunsilk]

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’

Also Binance has announced, they've invested on this acquisition: Binance’s CZ Confirms Participating as Equity Investor in Musk’s Twitter Takeover

As expected, some companies contributed a lot for Elon to take the ownership and it’s good to know that Binance also part or it. Maybe this is the start of freedom and revolution with cryptocurrency, firing the old executives are normal every time we saw new partnership or ownership, most probably Elon will put people their who are close to him and know how they work. Twitter will become more exciting in the days ahead, let’s wait for their news.

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.

[Polkeins]

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.

Elon Musk is much focused on business than politics. Somehow he'll try to make use of the Twitter acquiring an opportunity to make some noise over the political game. In particular, on the very first day itself the Trump's Twitter account that have been banned was allowed, but Trump denied that the account isn't allowed for his usage.

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.

[Lucius]

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

[philipma1957]

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.

[Sir Legend]

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.

[panganib999]

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 ?

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.

[carlfebz2]

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 ?

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.

[Yogee]

He announced that he will get 20 dollars per blue tick, but I think it is not because of this. If there are 1 million blue tick users, it makes a profit of 20 million dollars a month. He will also use the market for manipulation. He is a man who really knows his business. He has absolutely nothing to lose and he knows what to do and where to do it. He wins because he takes this risk

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.

....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.

Are they using Tesla's open-source patent?

[darkangel11]

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.

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.

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.

[iv4n]

If you control the opinions, you can manipulate the collective opinion. With world going online.Twitter is the power where new revolutions can get started. Where governments can be toppled. Where trends are made and de-made to suit the agenda.. so the rich techie desire to sit in the controller seat.

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?