auther
Vivek

May 2 · 10 min read

Elon Musk buys Twitter, why? | The Reasons You Should Know

Elon Musk the biggest name in the game, is one of the richest men alive on the earth. And the owner of one of the social media giants Twitter too.

Elon Musk
                    buys Twitter, why? | The Reasons You Should Know

Elon Musk the biggest name in the game, is one of the richest men alive on the earth. And the owner of one of the social media giants Twitter too.

On 25 April 2022, Elon Reeve Musk bought Twitter for $44 billion dollars, with this gigantic deal, Twitter now became a privately owned company.

Elon has been giving hints for the past few months about buying Twitter shares, that somehad noticed and some took it as a fluke. According to Forbes: after buying Twitter, Elon’s net worth became $270 billion.

Despite being the richest person in the world, there are some other reasons which Elon Musk buys Twitter.

Scroll down to know them.

1. A better way to gauge the public sentiment on his products

One reason for this could be that people are more likely, to be honest on Twitter than on Facebook. Because it’s a public forum, most people don’t want to look bad by expressing negative sentiments here.

As such, they hide their true feelings behind comments like “I really love this product!” or “I can’t wait to buy one of these when they come out.” By listening in on what people are saying about his products, Musk is able to get an accurate picture of how well they will sell when they hit the market.

Twitter is also a better platform for gauging public sentiment than Facebook because most Twitter users have open accounts, meaning you can follow them without having them follow you back first. This makes it easy for Musk to monitor what people are saying about his products without having them know he's doing so!

2. He bought Twitter to get more control over the spread of information

In today's modern world, controlling the spread of information is one of the best ways to gain power. Why? Because you can control what information is shown to the public and how it is being shown.

You see, with Twitter, Musk can do exactly that: control the popularity of certain topics and even people. He can also control the spread of misinformation as well as disinformation.

So any news or person who goes against Elon Musk’s agenda will be buried by him in order to minimize their impact on his goal.

He may also use this platform for more propaganda about his products, like Tesla cars or SpaceX rocketships, and so on.

3. It gives him a more powerful platform to advertise his products

Over the years, Elon Musk has developed a knack for using social media to advertise his products. He’s best known for spreading out promotional content on Twitter.

In this manner, he has managed to draw the attention of various people across all walks of life.

But owing to the fact that the company is now under new management, it remains unclear whether or not Musk will be able to continue with his advertising efforts in the same fashion as before.

Twitter has been the main platform for many politicians, sports personalities, and celebrities to interact with their fans and followers. Since Elon Musk is one of the most popular and loved personalities on Twitter, it’s safe to assume that he purchased Twitter for similar reasons.

Elon Musk himself has confirmed in interviews that he purchased Twitter because of a personal bet against Bill Gates. He was quoted saying “I only bought twitter because I made a bet with Bill Gates that I would buy it if Bitcoin reaches $50K which came true recently”

Elon Musk bought Twitter to save it from being taken down by manipulative people.

Elon Musk has a reputation for being unpredictable, but his decision to buy Twitter makes sense if you know the facts.

He doesn't want to see something valuable get taken down by bad actors. Elon has seen people abuse Twitter in the past, and he wants to intervene before it gets any worse. He will take action to make sure that manipulative people can't keep hurting the company's reputation.

Some of the worst offenders are using fake accounts to distort the public debate on important issues like climate change and vaccine safety. They may even be doing so as part of a disinformation campaign coordinated by foreign adversaries.

The last thing anyone needs is for Twitter's platform power to fall into their hands!

Elon’s Upcoming Plans For Twitter

A few days ago, Elon purchased a 9.2% stake in Twitter, and became the largest shareholder of Twitter, after the Vanguard group.

But he didn’t join the board of Twitter having said that:

“However, since making my investment I realize now the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.”

This statement of Elon’s clearly showed that he has different plans for Twitter.

And, what are they? Let's have a look.

Firstly, Elon is now looking to solve the problem of Freedom of Speech on Twitter:

Secondly, he wants the algorithms that decide what kind of content will work on Twitter to be transparent

And lastly, he wants to use twitter for promoting his own products.

Apart from these there are several other changes that we can see in upcoming weeks, according to CBN that are”

  • He has called for the addition of an edit button, which Twitter says is currently in the works.
  • He wants users who subscribe to Twitter Blue to be able to pay with his favorite cryptocurrency: dogecoin.
  • He says that Twitter should make its algorithm — which determines which posts are shown to which users — open source so as to “increase trust” in the platform.
  • He says that Twitter should eliminate the spam bots that plague its platform “or die trying,” and will “authenticate all real humans” with a verification badge of some sort.

One thing is sure in the upcoming weeks, Twitter will go through drastic changes, and now the power is in Elon’s hands, and we can’t predict what next he’s going to do with Twitter.

Hope he makes Twitter a better platform than it was before.

Did you find this column informative, if yes then please let us know in the comments, we’ll love to hear them?