I had the opportunity to speak with Kelly Cutrara on AM 640 today (April 14) in respect to Elon Musk’s takeover of Twitter. I think there’s a lot of misunderstanding pertaining to what is actually happening at Twitter and his interest in buying the company. I explained that Twitter is a publicly traded company, so anyone can buy it if they have the money. I also mentioned that Elon Musk is one of the richest men in the world, so he has the financial resources to do so. I don’t think people realize how serious he is about this. He’s already put in an offer to buy the company, and I wouldn’t be surprised if he ends up owning it.
Elon Musk has been a vocal proponent of freedom of speech, and he has called for more open discussion on social media platforms like Twitter. However, there may be ulterior motives behind Musk’s call for greater transparency on Twitter. Some have speculated that Musk is interested in acquiring the platform, and that he believes that more open discussion will make it more valuable. While twitter has been struggling to police its content, it remains an important tool for public discourse. If Musk is indeed interested in acquiring the platform, his call for more freedom of speech may be motivated by self-interest rather than a genuine belief in open discussion.
Twitter has been around since 2006 and, in that time, has collected a large amount of data on its users. This data is now seen as crucial for the bigger picture that Elon Musk is looking for. The only other company that collects more information is Tesla. Combining this data together would make perfect sense for a business strategy long-term. Twitter provides Elon Musk with a way to collect even more data on potential customers for his products. It also gives him a way to connect with potential customers and gauge their reaction to certain news or product announcements. Overall, twitter is a valuable tool for Elon Musk and Tesla, and combining the two companies’ data would only make sense from a business standpoint.
Twitter becoming private.
Twitter has been a public company for over a decade, but that could soon change. Recently, Elon Musk made an offer to purchase the social media giant for $41 billion. The current evaluation of the company is only $37 billion, so it’s basically a steal. The only question is whether or not the shareholders are willing to hand over the company. If they vote to make Twitter private, Musk would have full autonomy to do what he needs to do with the business. This could be a great move for twitter, but only time will tell if shareholders are on board.
Today’s podcast is my summary thoughts in respect to exactly what the bigger picture is going on when we discussed Twitter by out. Check it out and listen to me on AM 640 on different Tech Topics.