8.1 C
Mönchengladbach
Wednesday, April 2, 2025
Advertise with us
BusinessWhat are the goals of Elon Mask by buying shares in Twitter?

What are the goals of Elon Mask by buying shares in Twitter?

Yesterday evening, an important news item made headlines in the world media: Elon Mask Musk paid $ 2.89 billion to buy 9.2% of Twitter shares . Now a recurring question is on the minds of the audience again, and everyone wants to know what the CEO of Tesla and SpaceX, and of course the richest person in the world, is looking for with his recent move. Musk could easily have bought the entire social network if he wanted to, but now he has become the company ‘s largest shareholder and no one knows exactly what he wants to do.

The company’s Twitter is not very profitable and can not be compared to Facebook or Tic Tac Toe. Although the news of the purchase of the mask raised the company’s stock price by 25% , it seems unlikely that money will be the main motivation of the richest person in the world from this transaction. Instead, it can be speculated that Ilan Mask came to the conclusion a little late that he, like many of his peers, should have a role in the world of large media companies.

Elon Mask is finally entering the field of media

The 50-year-old entrepreneur is following in the footsteps of people like Jeff Bezos , who bought the Washington Post a few years ago by investing in Twitter . Patrick Sean-shyung with the Los Angeles Times , Lauren Powell Jobs with the Atlantic , Michael Bloomberg with Bloomberg , and John Henry with the Boston Globe are others who have made media investment important. Billionaires and celebrities usually come to this space before they are fully flourishing, so that they may play a role in directing the flow of content.

Ilan Mask

Of course, many wealthy people turned to these companies to revive the big media, including the Washington Post, the Los Angeles Times, and the Boston Globe. But the purpose of the mask is not to save Twitter. This social network is stable enough and does not need any wealth to restore its power. Ilan Mask is more like someone whose passion for milk that he eats every morning makes him think not only about buying cows, but about the whole herd and ranch. This analogy makes the audience think that Mask is dissatisfied with the censorship of content on Twitter, and therefore decided to buy the company to change the situation. After buying Twitter shares, Tesla’s CEO asked users in a poll whether they wanted the edit button to be added to the platform. This incident made some people think that he is going to play an important role in this social network in the future.

Although Mask is best known for his innovations in tangible and physical products, he has not been a complete stranger to the media world in the past. The founder of SpaceX is a board member of Endeavor Group Holdings, a talent agency and entertainment company led by Eri Emmanuel. Incidentally, Egan Durban is another board member of the company, which invested $ 1 billion in Twitter through Silver Lake two years ago.

The interesting thing about Ilan Musk is that although he loves Twitter immensely, he has not hesitated to comment against this social network. In 2018, Musk tweeted about the launch of a platform called Pravda, saying that the platform is supposed to be a place to rate the reality of the content and track the credibility of journalists over time. But Pravda never materialized. “What should be done, given that Twitter has become the center of public announcements in the world but does not adhere to the fundamental principles of freedom of expression and undermines democracy?” He wrote on his April 26 page. He further asked users if we need a new platform?

However, according to the documents registered with the Stock Exchange and Securities Commission, we now know that Mask had bought Twitter shares on March 14th. Why should he speak out against Twitter after such a huge investment and come up with the idea of ​​building a new social network? Nobody knows. However, positive changes are waiting for Twitter.

Strengthen freedom of expression on Twitter?

twitter

The question of how much they censor content has become more and more important as social networks play a more serious role in conveying information and creating an important platform for conversations. This issue has become doubly important since 2016, with the Cambridge Analytica scandal, and in 2020, in the midst of the US elections. The global epidemic of the Corona virus also fueled the situation, culminating in the Trump supporters’s attack on the Congress building. The attack, which appeared to have sparked Trump’s remarks on social media, blocked his account.

Since then, many have tried to build different social networks focusing on freedom of expression. Parler, Gab and Gettr were among those platforms that did not have much success. Trump’s personal attempt to build the Truth Social network has not been very successful and he has not yet been able to provide good service to users. But if Ilan Mask sticks to his ideas, he can turn Twitter into a freer platform for expression instead of building a new platform.

Of course, the stock he bought from Twitter is a passive investment . This means that under US securities law, Mask cannot have control over the company, but who knows what he will do in the future and what can prevent Mask from actively investing in the company. On the other hand, the richest person in the world can now more easily comment on Twitter and even communicate with company executives. If he believes that the policies of this social network will be an obstacle to his use of his popular platform, he will probably take steps to solve this problem.

Regulatory documents show that Mask is investing in the company with a long-term view , which minimizes the possibility of selling Twitter shares in the near future. Therefore, it is unlikely that the CEO of SpaceX has any purpose in this purchase. He will definitely have other long-term plans in addition to his trip to Mars, and Twitter will play an important role in these plans.

It should be noted that according to the rules of the Stock Exchange and Securities Commission, major buyers of companies’ shares must report their performance report to this commission within 10 days after the purchase. Mask made the investment on March 14th, but registered his documents 11 days after the tweet on freedom of expression on Twitter, on April 6th . Therefore, in this regard, he may face problems in the future and face fines.

Investing in a mature company

Ilan Mask

The richest person in the world has not easily won this title. He found new and talented companies on time and correctly, or he started to create companies that were successful. Mask had never invested in a mature company before. He has previously founded People , SpaceX , Noralink and Boring Company . Although the Tesla website claims that the mask was made by the company, this claim is not true. He was not the founder of Tesla , but he invested in the company in its infancy and was an influential figure in the company’s success.

Ilan Mask happened to get a lot of help from Twitter to shape Tesla’s story using his large audience. He used the rostrum to support the company, even in times of crisis, when the company’s stock was about to collapse. His account is now one of the most popular Twitter accounts with more than 80 million followers , and he frequently publishes posts about Tesla or SpaceX products to his audience. Of course, some of these posts, which have affected Tesla’s stock price, have been troublesome for Mask and have placed restrictions on him. The US Securities and Exchange Commission in 2018 asked him to submit the tweets that may affect Tesla shares before the company’s lawyer approves. Mask is now calling for these restrictions to be lifted .

The CEO of SpaceX, who has now seen the failure of many new social networks, including the Donald Trump social network, has probably taken a new approach to addressing one of his main concerns. Instead of starting a new company or helping a start-up, he has decided to invest in a platform that has found its way but is not large enough to be influenced.

He wants to secure his big podium and change it the way he wants by buying Twitter shares and possible future investments in the company. Maybe he fears that with the change of Twitter CEO, the conditions for him to continue his activity in this social network will become more difficult and he will lose this platform one day. Musk knows that Twitter and the large audience he has gathered in this service have been one of the main factors in the popularity and, of course, the success of his companies.

Of course, Ilan Mask is not the first face in the world of technology to go to Twitter. Earlier, Mark Benioff of Salesforce wanted to buy Twitter for $ 20 billion in 2016 , but his colleagues and friends turned him down. The next important point is that unlike Mask investing in Bitcoin through Tesla, this time he personally invested in Twitter and Tesla is not involved.

Will Twitter be a platform for promoting cryptocurrencies?

Twitter and Bitcoin

This social network has long been a platform for launching bitcoins and many cryptocurrencies. Ilan Mask has also used his personal page many times to talk about Bitcoin and Dodge Coin . Tesla had previously made it possible to accept bitcoins to buy cars, but did not do so due to environmental issues. The company now owns bitcoin but has kept it as an investment. Given the scale of Twitter and the way the company uses software to connect with remote users, Tesla’s CEO can use the platform as a platform to promote a decentralized , government-independent currency.

On the other hand, we should not forget that Twitter also had connections with the world of cryptocurrencies, at least during the time of CEO Jack Dorsey. Dorsey founded Square a few years ago , now known as Block , and specializes in financial services. The company has a special focus on blockchain technology and, according to its founder, is looking for decentralized services.

It is difficult to predict the future

Ilan Mask Twitter

Although many speculations can be made about Ilan Mask’s decision to buy this large volume of Twitter shares, but all these analyzes only express the author’s point of view and no one really knows what is going on inside the mind of this controversial figure. It is not at all unlikely that he deliberately did something to distract part of the public mind and actually have another goal in mind.

On the other hand, Mask’s statements on Twitter are not very reliable. Let’s not forget that he recently called on “Vladimir Putin” and his bear to fight hand to hand to solve the problem of Ukraine and said that he was even willing not to use one hand. He had previously admitted in a tweet in 2019: “My Twitter is now largely meaningless and neglected.”

Mask has not yet clearly responded to his investment. “Oh, hello,” he tweeted. Laugh.” Twitter, on the other hand, has not reacted. “This poll will have important consequences,” Parag Agrawal , Twitter’s CEO, tweeted in response to Mask’s poll about the edit button. “Please vote carefully.” But some users say the tweet is ironic and not serious. However, we can not draw any definite conclusions about this until more information is released.

Eventually, Ilan Musk joins the board of Twitter , which, although it can play a major role as the largest shareholder in the social network, cannot fulfill all its demands. In addition, it will not be possible to acquire more than 14.9% of the company’s shares as long as it is a member of the board of directors.

What do you think about Ilan Mask investing? What role do you think he will play in the future of Twitter and what changes will he make to this social network?Source: Politico , The Washington Post , Los Angeles Times

Reviews

Related Articles

POPULAR

The romantic relationship between Ronaldo’s son and Luis Suarez’s daughter was revealed

"Delfina Suarez", the daughter of "Luis Suarez" revealed her romantic relationship by publishing a story with a heart from "Cris Ronaldo Jr.", the son...

Were Jennifer Lawrence nude photos real?

Are Jennifer Lawrence nude photos true?The question that you may ask yourself is whether the images that were published years ago are trueThe answer...

UK Entry requirements

Entry requirements This page reflects the UK government’s understanding of current rules for people travelling on a full ‘British Citizen’ passport, for the most common...

LATEST POSTS

Salman Khan reaches Mumbai to celebrate his 58th birthday

Salman Khan is celebrating his 58th birthday. He returned to Mumbai to spend his special day with family and close people. It's a big day...

McDonald’s opening hours on Christmas Day and Boxing Day in Cambridgeshire

Although McDonald's is not the first thing that comes to mind for most people on Christmas Day, some might be wondering if they can still pop...

MORE

YOU MAY LIKE

Death of Al-Qaeda-linked terrorist leader in US invasion of Syria

The U.S. military said Tuesday that it had targeted Abu Hamza al-Yamani, a prominent leader of an al-Qaeda-linked terrorist group, in a military offensive in Syria's Idlib province. The U.S. military says a car bomb...
Aliens

Time Traveler Predicts An Alien Landing On Earth This December

We all have been told by our parents and maybe our old and creepy uncles about aliens. But we thought they were nothing more than rumors, but what if one day when you are...

Study: Coffee helps treat attention deficit hyperactivity disorder

Recently, a study has shown that drinking coffee helps treat attention deficit hyperactivity disorder (ADHD). According to the American "Study Finds" website, scientists from the University of Oberta de Catalunya in Spain found that caffeine...

Half of Justin Bieber’s face was paralyzed

Popular pop singer Justin Bieber today explained the reason for canceling his Justice World tour to his fans by releasing a video. In a video posted on Bieber's page; He stated that he had Ramsey Hunt...
metaverse app, metaverse facebook, metaverse crypto, metaverse zuckerberg, metaverse game, metaverse login, zuckerberg stuck in metaverse, mark zuckerberg stuck in metaverse, live longer for 150 years in metaverse, shib metaverse, gundam metaverse, shiba metaverse, shiba inu coin, shiba inu metaverse, shiba inu, metaverse fashion week, shiba metaverse land, mark zuckerberg, mark zuckerberg metaverse, how to make money in the metaverse, zuckerberg metaverse, best metaverse stocks, metaverse logo, nvidia stock, buying real estate in the metaverse, how to invest in the metaverse, bitcoin, metaverse login, how to buy land in metaverse, metaverse headset, how to invest in metaverse, metaverse meaning, metaverse crypto, metaverse stock, metaverse facebook, metaverse coins, metaverse real estate, metaverse etf, metaverse nft, metaverse login, metaverse pro, facebook metaverse, sandbox metaverse, how to invest in metaverse, mark zuckerberg metaverse, best metaverse crypto, how to buy land in metaverse, roundhill ball metaverse etf, roblox metaverse, top metaverse coins, apple metaverse, pete davidson net worth, pete davidson kim kardashian, pete davidson instagram, pete davidson ariana grande, pete davidson father, pete davidson tattoos, pete davidson exes, pete davidson wife, pete davidson net worth, pete davidson kim kardashian, pete davidson movies and tv shows, pete davidson instagram, pete davidson height, pete davidson ariana grande, simon rex, kenedi anderson american idol, bebe rexha, billy ray cyrus, pete davidson roast 9/11, walker scobell, is kim kardashian pregnant by pete davidson, tish cyrus, david mamet, wynonna judd, roast of pete davidson, pete davidson bde, is kim kardashian pregnant with pete davidson, kanye pete davidson boxing, phoebe dynevor and pete davidson, north and pete davidson, daphne bridgerton, pete davidson father 9/11, kim kardashian pregnant with pete davidson, cam newton, pete davidson and north west, is pete davidson jewish, pete davidson north, kourtney kardashian, pete davidson dad

What is a Norovirus and how is it prevented?

Noroviruses cause approximately 685 million cases of the disease and 200,000 deaths worldwide each year Noroviruses, sometimes referred to as "winter vomiting disease", is the most common cause of gastroenteritis, or inflammation of the gastrointestinal...

The praise of the former German star of the Atlas Lions

Former German star Mesut Özil praised Atlas Lions and wished success to this team. Mesut Ozil praised the Moroccan national team, which was able to prevail against the strong Portuguese team in the quarter-finals of...

Billie Eilish confesses that it is exhausting to suffer from Tourette syndrome

Singer Billie Eilish spoke, as she had rarely done, about how suffering from Tourette syndrome affects her It was in 2018 that Billi Eilish revealed to the world that when she was an 11-year-old girl she was...
World's First Wireless TV

The World’s First Wireless TV is Ready to Launch in only two weeks

The world's First Wireless TV is going to launch by the American Giant Company. The most avant-garde, outrageous, and cutting-edge technology is on its way to helping its viewers. The newest technology for 2023 is...

“Avatar” on the verge of another record

In a situation where James Cameron, the producer of the movie Avatar, announced the filming of parts of the third and fourth series of this project, the second series of Avatar managed to sell...

US President Joe Biden has resumed the tradition of speaking at the annual White...

US President Joe Biden has resumed the tradition of speaking at the annual White House dinner.He was the first president to address the event since 2016.The ceremony was not held due to the Covid...

When a replacement is found, Elon Musk will step down as CEO of Twitter

Elon Musk Quits Being CEO of Twitter If there would be a replacement, Elon Musk Quits being the CEO of Twitter. Elon Musk has stated that he will step down as Twitter's CEO once...

How the Instagram Algorithm Works (And How to Use It to Your Advantage)

Back in 2016, Instagram switched from displaying posts in your feed chronologically to an algorithmic method. This prioritizes content from the accounts you interact with that have the highest engagement levels. The Instagram algorithm prevents users from drowning in an endless stream of content:...
metaverse app, metaverse facebook, metaverse crypto, metaverse zuckerberg, metaverse game, metaverse login, zuckerberg stuck in metaverse, mark zuckerberg stuck in metaverse, live longer for 150 years in metaverse, shib metaverse, gundam metaverse, shiba metaverse, shiba inu coin, shiba inu metaverse, shiba inu, metaverse fashion week, shiba metaverse land, mark zuckerberg, mark zuckerberg metaverse, how to make money in the metaverse, zuckerberg metaverse, best metaverse stocks, metaverse logo, nvidia stock, buying real estate in the metaverse, how to invest in the metaverse, bitcoin, metaverse login, how to buy land in metaverse, metaverse headset, how to invest in metaverse, metaverse meaning, metaverse crypto, metaverse stock, metaverse facebook, metaverse coins, metaverse real estate, metaverse etf, metaverse nft, metaverse login, metaverse pro, facebook metaverse, sandbox metaverse, how to invest in metaverse, mark zuckerberg metaverse, best metaverse crypto, how to buy land in metaverse, roundhill ball metaverse etf, roblox metaverse, top metaverse coins, apple metaverse, pete davidson net worth, pete davidson kim kardashian, pete davidson instagram, pete davidson ariana grande, pete davidson father, pete davidson tattoos, pete davidson exes, pete davidson wife, pete davidson net worth, pete davidson kim kardashian, pete davidson movies and tv shows, pete davidson instagram, pete davidson height, pete davidson ariana grande, simon rex, kenedi anderson american idol, bebe rexha, billy ray cyrus, pete davidson roast 9/11, walker scobell, is kim kardashian pregnant by pete davidson, tish cyrus, david mamet, wynonna judd, roast of pete davidson, pete davidson bde, is kim kardashian pregnant with pete davidson, kanye pete davidson boxing, phoebe dynevor and pete davidson, north and pete davidson, daphne bridgerton, pete davidson father 9/11, kim kardashian pregnant with pete davidson, cam newton, pete davidson and north west, is pete davidson jewish, pete davidson north, kourtney kardashian, pete davidson dad

Kaley Cuoco ‘So Happy’ for Costar Pete Davidson and Kim Kardashian: Their Romance Is...

Kaley Cuoco is totally on board for Pete Davidson and Kim Kardashian's romance! In an interview with Entertainment Tonight published Tuesday, the 36-year-old actress expressed her happiness for her Meet Cute costar, 28, amid his new relationship with Kardashian, 41. "I am so happy...
CONFIRMED! Pete Davidson & Emily Ratajkowski Are Dunzo!

CONFIRMED! Pete Davidson & Emily Ratajkowski Are Dunzo!

The end of the year is just around the corner and there’s one more couple to add to our list of splits! And this one came and went in the blink of an eye! We’re sorry...
\