Post
Topic
Board Economics
Re: Elon Musk makes offer to buy Twitter
by
AicecreaME
on 26/04/2022, 11:59:54 UTC
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.

Recently, I've read in an article that indeed, Elon Musk is planning to buy twitter for worth 44 billion dollars. I bet this is all because he wants to promote cryptocurrency, particularly dogecoin in that platform. Being a billionaire that he is, he can spend any amount on almost anything that he wants. If he would want to, he can even make another platform. But I bet he won't do that because his goal is to influence those existing twitter users about crypto.

Perhaps he's thinking that he could somehow manipulate the decision and influence people to patronize specific coins to his own benefit. Whatever his reasons are, we are yet to know once these all fall into place. I believe Twitter is thinking so much about Elon's offer because it's really high. Hopefully, the freedom of speech will be maintained on the same level despite the possible turn over of it to Musk.