No one expected that in just a few days, Musk would really buy Twitter.
On April 25, according to people familiar with the matter, Twitter is ready to accept Elon Musk's bid of $54.20 per share, and if nothing else, the world's largest social media will be valued at about $44 billion by Musk as a "global spiritual leader" Musk, becoming another major industry outside the latter's electric vehicle, aerospace, and brain-computer fields.
As the most influential entrepreneur on the planet, we can recoup Musk's previous remarks about what Twitter will look like under his rule. Will Tuite, which is closely linked to the crypto world, make Dogecoin, which was popular with Musk, transform from meme into a practical tool?
When the acquisition is made
The source of the $40 billion-plus super deal happened less than two weeks ago.
On April 14, Musk offered an offer in his filing with the SEC: He was willing to buy Twitter for $54.20 per share. The not-so-long largest shareholder of Twitter said twitter needed to transform into a private company, and the offer was the best and final offer he could personally make.
$54.2 means Musk has given Twitter a valuation of more than $43 billion, more than the current market cap. The sudden positive was also reflected in the market, and Twitter rose sharply.
At the end of the offer, Musk also gave his reasons for privatizing Twitter. He believes that the reason he invested in Twitter is that he believes it now has the potential to become a platform for global free speech, but when he invested in Twitter, he found that Twitter will neither prosper nor meet the needs of society. So he decided Twitter needed to transform into a private company.
"Twitter has extraordinary potential and I'm going to unleash it." Musk wrote at the end.
Most people are still very interested in the change of twitter, and Musk's own vote shows that of the total vote of 2.86 million, 83.5% support Musk's acquisition of Twitter.
The deal is easily reminiscent of Tesla privatization 4 years ago, with the protagonists all the same, the difference being the outcome. Twitter's privatization is a foregone conclusion, Musk is bound to make this global social platform with 200 million monthly active users change, in addition to black box algorithms, fraudulent accounts and other aspects that have been conservatively criticized, what else can Musk bring to Twitter?
Musk's ideal tweet
Two years before announcing the acquisition of Twitter, Musk repeatedly expressed his dissatisfaction with Twitter in public. Earlier, facebook was treated the same way, and Musk hated Facebook to the point of deleting Tesla and SpaceX Facebook accounts. Unlike his dislike of Facebook, Musk doesn't hate Facebook's Instagram simply because it retains its independence.
In addition to disappointment with Twitter's independence, Musk's iteration of Twitter's product features is less than satisfactory. Before making an offer to Twitter, he launched a vote on Twitter to support the addition of a button to modify the content, with more than 4.4 million people voting and 3.2 million supporting it. This is not a new feature, and Weibo, which touched Twitter across the river on the other side of the ocean, supported the feature as early as 2017.
Musk also complained that Twitter was losing more and more big V and stars. It's not just a matter of the Twitter platform itself. At present, social platforms around the world are facing the loss of head users, and they are increasingly afraid to express their positions on public platforms. On the one hand, troll generalization leads to a poor user experience, and at the same time, the inaction of the platform has contributed to the trend of trolls. Behind the screen, some users seem to think they can do whatever they want, which leads to bad money expelling good money. On the other hand, the platform indulges opposing topics and creates a large number of fake users for short-term traffic data.
Faced with Twitter's existing problems, Musk said that once the acquisition is successful, it will fight with spam bots to the death and verify whether it belongs to real users. At the same time, Musk will also open source Twitter's algorithm because it is very important for free speech. Of the 2.03 million user votes, 70.4% believe that Twitter today is not free speech. As Musk wrote in his takeover offer, Twitter now has the potential to become a global platform for free speech, a social responsibility for a country.
Of course, the most important point is that Twitter may support Dogecoin tip payments in the future. The founder of Dogecoin has expressed the hope that Dogecoin will add practical features, which mentions Twitter's tip payment to increase the Dogecoin option, which Musk is deeply impressed.
After deciding to buy Twitter, Musk registered three new companies with X Holdings as the parent company. One of the companies served as the main body to absorb the acquisition of Twitter. Interestingly, Musk considered creating a parent company in 2012, and Musk is also the holder of the X.com domain name. In an interview with TED, Musk believes this can be very complicated because Tesla, SpaceX, Neuralink and The Boring Company have different shareholder sources, and Tesla is still a public company.
However, this is obviously not a thing for Musk, who has super execution, and perhaps soon after, we can see the birth of a giant company with Twitter, Tesla, SpaceX, Neuralink and The Boring Company.
Early Twitter users
Although Musk is not happy with Twitter now, he even took matters into his own hands to transform Twitter. He has always been a veteran Twitter user and has supported the work of former Twitter CEO Jack Dorsy.
As early as 2018, Musk tweeted, "On Twitter, there are very few likes, the criticism is fierce, very hardcore." That's good."
Musk has grown to become the richest man on earth worth more than $250 billion since his first tweet in 2010, and he still frequently and consistently shares his opinions, Meme memes and fragments on Twitter.
Not only that, during the reign of former Twitter CEO Jack Dorsey, Musk has publicly expressed his support and appreciation for Jack more than once. In 2020, he repeatedly said that "Jack has a good heart" and "he is doing his best, and I support him".
More interestingly, Musk and Jack also maintain magical agreements on many things.
For example, the two technology giants of the Web2 world have developed a strong interest in the crypto world and are involved in it. For example, in the big discussion about Web3, Musk and Jack have publicly expressed their doubts and boredom with the capital-driven Web3.
At the end of 2021, Twitter founder and CEO Jack announced his resignation as CEO. In the first half of 2022, Musk, who has always claimed to support Jack, announced that he had invested in and acquired Twitter, which is also worth playing.
Four years ago, Jack Dorsey quoted Musk as an interview and acknowledged, "My goal is to do useful things that make the future as good as possible and more exciting."
In the past 4 years, Musk has not reneged on his word, Tesla, SpaceX, Neuralink have become a company in history, and then it is Twitter's turn.
*Rhythm BlockBeats reminds investors to guard against chasing high risks, and the views expressed in this article do not constitute any investment advice.
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