Why exactly did Elon want to buy Twitter?

[examplens]

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 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).

[Mpamaegbu]

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.

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.

[livingfree]

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.

[inthelongrun]

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.

[sukmo]

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.

[monineklutak]

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.

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

[Renampun]

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.

[Oasisman]

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.

[philipma1957]

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?

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

[adzino]

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 ?

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.

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.

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?

[Mario Yamasaki]

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.

[Semar Mesem]

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.

[NotATether]

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.

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.

[Taskford]

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.

[Punakawan]

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.

[suzanne5223]

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 ?

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.

[YUriy1991]

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.

[CageMabok]

He could have easily done though the account. But he want to do it his way. No barrier to hold his opinion.
like the spacex project and the Tesla electric car. He wants to do thing his way in communication

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.

[redsun114]

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.

[tygeade]

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.

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.