Winning Bizness Desk
Mumbai. The world's richest and Tesla CEO Elon Musk has bought Twitter for $ 44 billion, i.e. Rs 3.37 lakh crore, which the company has accepted. However, the biggest question is why Musk, who runs profitable companies like Tesla, SpaceX, has bought Twitter with weak balance sheets?
What deal did Musk make to buy Twitter?
The world's richest man Elon Musk had offered to buy Twitter for Rs 3.37 lakh crore, which the company has accepted. Musk said two weeks ago that Twitter has tremendous potential that he will unlock. With this deal, publicly traded firm Twitter will now become a private company owned by Musk.
Twitter has said that the company has been priced at $54.20 per share. The firm said it would now ask shareholders to vote to approve the deal. The company's CEO Parag Agarwal said in a tweet that Twitter has a purpose and relevance that impacts the entire world. We are proud of our team and we are inspired to do what is more important than ever.
What change Musk is talking about?
Musk has more than 80 million followers on Twitter. However, he trolls Twitter from his own platform. Even at a time when he has also become Twitter's biggest stakeholder. Musk has consistently ridiculed the company and its operations. He tweeted that the W should be removed from the name of Twitter, to make it sound more obscene. Musk also wrote that if no one comes to Twitter's San Francisco headquarters anyway, the homeless should be brought and settled there.
Musk Want 4 types of changes in Twitter…
- 1. Want to make Twitter a hub for free speech
- 2. Changes to Twitter's Edit Button
- 3. Want to make Blue subscription a profitable service
- 4. Will get a bigger platform to promote cryptocurrencies
Does Musk want to dominate the whole world through Twitter?
Twitter is an important platform for politicians, business leaders, celebrities and journalists to take their message forward and control the narrative. Musk is the owner of Tesla, the world's largest electric car company. Musk also owns SpaceX. Musk is also currently the richest person in the world with a net worth of Rs 20.8 lakh crore. Experts say that even after everything, they do not have any business related to the media. Whereas, the world's second richest person and Amazon chief Jeff Bezos has invested in business as well as media. Bezos is the owner of the American newspaper Washington Post. India's richest man Mukesh Ambani also has his own media house. Mukesh Ambani is the owner of Network 18.