Elon Musk is finally buying Twitter to create his own social network

Elon Musk is finally buying Twitter to create his own social network

Hardware news Elon Musk is finally buying Twitter to create his own social network

We thought the lawsuit between Twitter and Elon Musk was going to happen, but it seems otherwise. After announcing the billionaire’s proposal, he is a little more detailed about what he will do with the social network.

Twitter will win the case and Elon Musk will pay

This Wednesday we talked about how Elon Musk took over Twitter. To everyone’s surprise, he decided to avoid the trial and complete the acquisition. If we do not yet know the underlying reasons for this sudden change, we can speculate on certain hypotheses.

In a summary tweet, the social network reports on Elon Musk’s offer at an initial price of $44 billion. So we can read:

We have received the letter from Musk’s parties that they filed with the SEC. The company intends to close the deal at $54.20 per share.

Finally, the billionaire must put his hand in the wallet and will not be able to escape. Now his goal is that there will be no trial and that everything will be resolved as soon as possible. The date of the hearing is currently set for October 17.there is no new information about it.

Twitter is about to experience a revolution

The main hypothesis of the turn is Musk’s desire to create his own ultra-libertarian social network. But it takes time and the public does not fall from the sky, even for the most powerful billionaire in the world.

The day after Twitter’s announcement, Elon Musk posted a tweet explaining, “Buying Twitter is an accelerator to build X, an app for everything.” What he means by “applying everything” has already been more or less explained before.

What he calls “X” is an obvious reference to his former company X.com, which became PayPal and was soon resold. It was society that made his fortune, and he intends to give it credit. For what is inside. We know he wants to see Twitter with features from the Chinese social network WeChat.

In addition to the social aspect, a whole ecosystem of services will be created. In particular, they would find a payment service. This once again brings to mind the origin of his wealth from PayPal.

At a conference with Twitter employees last June: “You basically live on WeChat in China. If we can recreate that with Twitter, we’ll be very successful.” It’s very likely that at this time he was already envisioning the execution of the takeover agreement. Even if that didn’t stop him from continuing to vilify the social network. A paradox that could cost him dearly if the case went to trial.

In response to his tweet introducing his social network, a user asks him if it wouldn’t be easier to create a platform directly. Elon Musk replied that it should save him three to five years of development, although he himself is not sure about this.

After all, it’s a great charade that Elon Musk and Twitter have played against us this year 2022. The conclusion is close, even if nothing is certain. It seems that the billionaire is in any case ready to create his own social multi-service, like WeChat.

Leave a Comment

Your email address will not be published. Required fields are marked *