Before pouring all his money into an electric vehicle company (Tesla) and a space venture (SpaceX) — the web was where he started his career as an entrepreneur. He started with Zip2 in 1995, an online platform for news publishers at the time. Then he founded X.com in 1999, an online payments solution provider that later on merged with PayPal.
Now, fast-forward 23 years later, the same man, Elon Musk is back to the internet business after achieving success with extreme engineering. Earlier this month, he made an offer to buy the social media giant Twitter, Inc. for $54.20 a share.
After more than a week of meetings at the Twitter HQ and a ton of discussion around the issue by the social media platform users, Musk was finally able to acquire Twitter for approximately $44 billion yesterday.
After this acquisition of Twitter, Elon Musk went on to express his views on this event and what he is looking forward to by purchasing Twitter and making it a privately-held company from a publicly-traded one.
Musk had already said in his purchase proposal that he feels Twitter has untapped potential and he will unlock it and that he wants to make a platform that is a symbol of true Free Speech in the digital world.
Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated.
I also want to make Twitter better than ever by enhancing the product with new features, making algorithms open source to increase trust, defeating spambots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.
Elon Musk on the acquisition of Twitter.
“I hope that even my worst critics remain on Twitter, because that is what free speech means,” Elon Musk further explained his stance on free speech on this platform in another tweet.
Jack Dorsey, the founder of Twitter also chipped in his 2 cents on Elon Musk’s acquisition of his company. “I love Twitter. Twitter is the closest thing we have to a global consciousness,” Jack said, “solving for the problem of it being a company, however, Elon is the singular solution I trust. I trust his mission to extend the light of consciousness,” he added.
Here’s the complete thread that Jack Dorsey published to express his views on Elon Musk buying Twitter.
Historically, the companies that Elon Musk has founded or acquired have left a mark on the progress of humanity. With him at the helm of Twitter, we can expect radical changes to the social media platform both at the back end and front.
One change at the top of Elon Musk’s priority list of Twitter tasks is eliminating the spambots that have spread like cancer on this social media platform. Musk advocates authenticating all humans using Twitter, this will automatically separate humans from the bots that plague this digital town square.
According to an article by The Verge, there is a mixed reaction among the company’s employees to Elon Musk’s Twitter takeover. Some think it will be a nightmare to work with Elon Musk and some are excited for what’s to come next in their career working for one of the most successful entrepreneurs in the world today.
From PayPal to Tesla, SpaceX, and The Boring Company — Elon Musk has provided the human race with solutions to big problems, with Twitter, he must have a great plan in mind as well that we will witness in the coming weeks, months, and years. So stay tuned and let us know your thoughts in the comments section below.
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