avatarTeja Seelam

Summary

Elon Musk's involvement with Twitter has evolved from conducting a poll on free speech, to becoming a major shareholder, to making a bid to buy the company, which was initially refused but later accepted.

Abstract

The saga began when Elon Musk initiated a Twitter poll questioning the platform's commitment to free speech, leading to a majority voting "No." Following this, Musk acquired a 9.2% stake in Twitter, becoming its largest shareholder, and was offered a seat on the board, which he initially accepted but later declined. In a dramatic turn of events, Musk offered to buy Twitter for 43 billion, an offer that was initially met with resistance from the board. However, recent reports suggest that Twitter is likely to accept the offer. As of the article's publication, Musk has acquired Twitter for 44 billion, expressing intentions to make its algorithms open-source, combat spambots, and authenticate users. The author of the article expresses optimism about the future of Twitter under Musk's leadership.

Opinions

  • The author indicates skepticism about Twitter's adherence to free speech principles based on the results of Elon Musk's poll.
  • The author suggests that Elon Musk's acquisition of Twitter's shares and subsequent board seat offer were driven by his dissatisfaction with the company's free speech stance.
  • There is a sense of surprise and intrigue regarding the rapid developments and changes in Musk's relationship with Twitter.
  • The author conveys a mix of anticipation and hope for positive changes at Twitter following Musk's acquisition, particularly in terms of transparency and user experience.
  • The author encourages readers to connect on Twitter and offers contact information for professional inquiries, indicating a personal stake and interest in the platform's future.
  • The author endorses an AI service, ZAI.chat, as a cost-effective alternative to ChatGPT Plus (GPT-4), suggesting a preference or affiliation with this service.

What’s all this Elon-Twitter drama?

What the future of Twitter looks like.

Image credit: Teja Seelam

The poll

This whole drama started a month back on March 25th. Elon, on Twitter, conducted a poll asking if Twitter adheres to the principle of free speech and the majority of the people voted for “No”.

The stake

Elon might have decided to change the situation I guess. So just after a few days, he bought 9.2% of Twitter’s stake and became the major shareholder of the company.

The next day, he was appointed as one of the board members of Twitter.

But Elon seem to have other ideas so he decided not to. A week after, the social media CEO, Parag Agrawal on the platform announced that Elon is not joining the board.

So much drama within 15days right? The next 15days are even more dramatic.

Elon’s offer

On the 14th of April, Elon offered $43 Billion to buy the social media giant. Twitter refused to sell the company.

Later he replied in a tweet, saying that he will make the board salary $0 if his bid succeeds, so that’ll save $3 Million a year.

Current situation

But the situation seems to come down to Elon somehow. Reports say that the company is most likely to accept Elon’s offer, and sell the company.

By the time this article goes on air, Twitter might have already been sold to Elon. I really hope this will only mean good to the future of the platform. However, I’m so excited to see what the future of Twitter looks like.

Update

Elon has acquired Twitter for $44 billion. Elon on Tuesday posted about making the algorithms open-source, defeating spambots and authenticating humans.

I really hope the future of Twitter will be better than ever and it couldn’t be in better hands.

While we talking about Twitter, why don’t you join me there? Find me at tejslm. Waiting to catch you there ;)

Contact me for gigs:- [email protected]

Elon Musk
Twitter
Social Media
Tech
Entrepreneur
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