The world’s richest man well known Elon Musk has made his next big step. With a net worth of $264.6 Bn Musk always creates hot and exciting news. So recently Mr. Elon Musk has dragged attention towards him with an extraordinary tweet.
Elon Musk has offered to buy 100% of Twitter for $41 billion.
It is about Elon Musk has launched a bid to buy Twitter for a price of $41bn. Furthermore, Elon added that he wants to “release Twitter’s extraordinary potential to boost free speech and democracy across the world.”
With this offer, Elon has ready to buy each Twitter share for $54.20. All the shares cost nearly $41 billion. Elon’s takeover bid came through a letter that was sent to Twitter Chairmen Bret Taylor. According to reports, Musk has written that
” I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy. However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.”
Furthermore, Mr.Musk added that he is not convinced by Twitter’s current management. Elon musk has nearly 80 million followers on Twitter. Everyone knows he loves Twitter for many reasons.
However, Musk says if his offer is not accepted that he would ” reconsider his position as a shareholder. “This is not a threat, It’s simply not a good investment without the changes that need to be made,”
Last week Elon Musk bought about 73.5 million Twitter shares for a price of roughly $2.9 billion which indicated he had acquired a 9.2% percent stake in Twitter. Musk was always keen on making difference on Twitter.
Recently last week Elon made a poll asking his followers whether they believe “Twitter rigorously adheres to the principle of free speech.” Moreover, he added, ” The consequences of this poll will be important please vote carefully.”
We all know how fanatic Elon is. So after gaining 9.2% Twitter shares everybody knew he is not gonna stop with that amount.
So this may be a business strategy, Twitter CEO Parag Agrawal and many Twitter officials said Elon will be joining Twitter’s board of directors. Now, why do I call this a business strategy it makes sense because if you are on the board of directors of Twitter, You cannot own 15% of the company.
So if Elon joined the board he will not be able to buy stocks of Twitter as he wish. So this arrangement with Elon might be a tactic just to stop him from buying all of the Twitter stocks.
Elon didn’t reply quickly about this matter, taking some significant time he rejected the invitation of joining the Twitter board of directors.
Now with all these hypes yesterday he offered a bid to Twitter to buy all of its stocks. Now we have a clear point why did he reject the invitation of joining Twitter’s board of Directors. If we look deep into this Elon Musk is a crypto fanatic.
Last year he made so many hypes in the crypto market with single tweets. We all remember how Bitcoin reached its all-time high after Tesla accepted Bitcoin. Memecoins especially Dogecoin and Shiba-Inu are backed by Elon Musk. He Tweets and the market rises.
That’s how powerful Twitter can be. Not like other Social media platforms, Twitter has a unique, intelligent, smart, working, professional user base. Just think about owning such a user base what can we do??? Especially a person like Elon Musk owning such a customer base, Wow that’s amazing.
The metaverse is the future. We all know that. The one who’s gonna rule it and dominates it will be the next Billionaire.
Many companies have invested millions in Metaverse. Cryptocurrencies, NFTs, Gaming, and Social media will be the biggest industries in this Metaverse.
So I think this movie made by Elon Musk is aimed at the future. Elon backup cryptocurrencies now he is trying to own Twitter. He might be willing to create a Twitter coin, Twitter NFTs nobody knows.
Elon is a masterclass and unpredictable person. He always thinks about the future. His all projects are about the future, Tesla, SpaceX, and Neuralink. So this might be the key that he is trying to enter the Metaverse with a master plan.
Research shows that Twitter is gaining more attention and attraction than the other Social media platforms since 2020. So let us wait and see how these things will have an impact on the Cryptocurrency market.
