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‘I didn’t do it to make more money. I did it to try to help humanity’: Elon Musk Officially Buys Twitter, Wants To Turn it into the “Most Respected Advertising Platform”

Elon Musk Officially Buys Twitter

Billionaires always have a lot on their minds nowadays since they’ve got enough money to provide for a country. After all, who won’t get bored possessing all the riches of the world? Elon Musk is one such billionaire, having used his platform and wealth to explore the curiosities of mankind, mostly on land but also in space!

Popularly known as the CEO of aerospace manufacturer SpaceX, Musk’s company was the first private company to send a spacecraft to the International Space Station, among many other achievements. On land, the 51-year-old has made waves in the field of social media, not by going viral with memes and tweets (which he has done a lot), but by buying the platform itself, and all fingers point to Twitter.

Elon Musk FandomWire
Elon Musk

A Must-Read: ‘Elon is awesome but he shouldn’t be above the law’: MCU Star Mark Ruffalo Welcomes Federal Investigation on Elon Musk’s $44B Twitter Deal

Elon Musk’s Acquisition Of Twitter Took Its Time

Elon Musk owned 9.1% of the stock of the popular social media company Twitter.Inc, which he bought for $2.64 billion. He would follow that up and make an official proposition to purchase the company back on April 14, 2022, for a staggering $43 billion.

Elon Musk FandomWire
Elon Musk

His proposal was eventually met with an invitation to join the board of directors for Twitter. He politely declined on second thought after accepting the offer, all on the suspicion of a ‘poison pill’ strategy from the company in an attempt to resist a hostile takeover.

However, the deal still went through as the board of directors unanimously okayed the deal for a buyout offer of $44 billion. The problem came up again when Musk announced that he was planning to call off the deal, which the Tesla CEO justified by accusing Twitter of failing to agree on the crackdown on spambots on the company’s social media platform.

Related: ‘You crushed my hope’: Fans Blast Neil Gaiman for Defending Diverse Rings of Power Series, Say Elon Musk Was Right for Saying Every New Age Male Character’s “a coward, a jerk or both’

Things got heated as what followed was a lawsuit by Twitter filed against Musk, the trial was scheduled to take place on October 17, just a week ago. But the trial never materialized, getting called off when Musk once again agreed to finalize the acquisition at the beginning of the month.

The trial will, however, be rescheduled to a later date if the acquisition doesn’t close by October 28, a date that Musk had targeted on which he’ll be looking to close the deal.

Also Read: ‘Have very good relationships with all the others….Can’t win them all’: Amber Heard’s Ex Elon Musk Breaks Silence on Estranged Daughter Who Changed Name and Gender

Elon Musk Has His Reasons To Buy Twitter, Here’s What Twitter Thinks Of It

It’s highly expected from Elon Musk to be close to the Twitter acquisition deal by tomorrow, which is October 28. Meanwhile, here’s what the founder of The Boring Company has to say about this whole ordeal.

Elon Musk FandomWire
Elon Musk

Related: “Tolkien is turning in his grave”: Elon Musk Gives His Verdict on Amazon’s Rings of Power, Calls Male Characters Cowards and Jerks While Claiming His Love for Galadriel

In a tweet posted on his Twitter account, Musk wrote quite a lot of words regarding the Twitter deal, and why he chose to buy out the platform as a company. The tweet in question-

When the deal is complete, the social-media company will be taken private. That’s all fine and dandy, but what do users on Twitter think about the whole thing? Here’s what they have to say-

Sounds like a multiplayer video game –

To be fair, he has the money to keep it floating for more than a year-

Why not? They’re friends –

It all seems like a lie to this user-

Were Musk’s hands tied?-

Reactions to Elon Musk’s acquisition of a major social media platform like Twitter have been mixed.  With most worrying that it will bring about a wave of disinformation and unprecedented harassment to all users across the platform.

Source: Twitter

Written by Sang Tonsing

Sang is a content writer for Fandomwire with over 300 published articles. He now has 3 years of experience and counting in content writing. He is currently pursuing a Bachelor's degree in Political Science at Delhi University.