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With the $44 billion acquisition of Twitter, where are Musk's ambitions?

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The parents of the A-share fall in the past few days do not know, although there has been a rebound, but now the stock critics and economists dare not easily say the bottom. We have discussed the issue of A shares many times before, and today we will not say more, but want to talk about the big event on the US stock market on the same day, that is, Musk's acquisition of social media Twitter.

On April 25, local time, Tesla CEO Musk announced the acquisition of the social platform Twitter for $44 billion (about 287.45 billion yuan), thus gaining control of the social media platform with 217 million global users.

With the $44 billion acquisition of Twitter, where are Musk's ambitions?

(This picture is the free creation of netizens on the Internet, Twitter did not change the logo)

Musk has always been very active on Twitter, but because after the listing of Twitter, its management is more and more catering to Wall Street tycoons and establishments, Musk is quite dissatisfied, especially during the 2020 US election, Musk's dissatisfaction is very obvious, some people have suggested that Musk get his own social media platform.

Musk didn't say a word, but privately began buying a stake in Twitter. Twitter's board panicked when it learned of Musk's plan, refused to accept Musk's acquisition, and also developed a poison pill plan for this purpose.

But under Musk's strong offensive, Twitter's board finally changed its mind and decided to accept the acquisition. The twitter president also said in his personal Tweets confirmation of the acquisition agreement that Twitter's goals and relevance could affect the entire world.

With the $44 billion acquisition of Twitter, where are Musk's ambitions?

According to the agreement, Twitter will withdraw from the stock market and become a private company, so that it will no longer be swayed by the market and public opinion, which is a good thing in today's Western left media domination. Musk tweeted that free speech is the cornerstone, saying twitter will provide a platform for various discussions.

"I think it's really important to have an inclusive free speech scene," he said. Twitter has become a de facto town square, so it is important that people speak freely within the bounds of the law, both realistically and conceptually. ”

With the $44 billion acquisition of Twitter, where are Musk's ambitions?

(Musk tweeted: "I hope even my worst critics stay on Twitter because that's what free speech is all about.) )

Under the current situation that the mainstream media and social media in the United States are covered by the establishment, Musk's successful acquisition of Twitter is of great significance to improving the public opinion space in the United States.

Twitter co-founder Jack Dorsey expressed support and recognition, seeing the acquisition as the "only solution to trust" and believing it was the right path for Twitter. He argues that Twitter should not be owned or controlled by anyone and wants the platform to "become a public good at the protocol level." He also called bringing Twitter back from Wall Street as the "right first step."

With the $44 billion acquisition of Twitter, where are Musk's ambitions?

Twitter co-founder Jack Dorsey

But there are also concerns that Musk's private capital controls Twitter. In fact, most of the world's media is controlled by private capital. Twitter even became a tool of Wall Street after its listing.

For Musk, buying Twitter wasn't about making money. He repeatedly said: "This is not a way to make money, and my strong intuition is that having a public platform with maximum trust and broad inclusion is extremely important for the future of civilization." ”

With the $44 billion acquisition of Twitter, where are Musk's ambitions?

It seems that Musk's ambition to acquire Twitter, like his SpaceX, is aimed at the sea of stars in the future of mankind. Is Musk talking big, pretty? Or will they use Twitter as their personal platform to make Twitter more depraved?

It's too early to tell. Because there is more than one social media platform in the United States, at least the same type of open source social platform Mastodon competes with it. After Musk announced his acquisition of Twitter, Mastodon's user registrations surged overnight. After Musk's acquisition of Twitter, he also hopes to turn it into an open source platform.

With the $44 billion acquisition of Twitter, where are Musk's ambitions?

It can be seen that Musk believes in competition and is willing to participate in market competition. This is actually the same ideological vein as he published Tesla's patents. From this point of view, Twitter's future prospects will not be bad.

In fact, from the perspective of Musk's ideological pattern, saying that he acquired Twitter is to want a platform for his own public opinion, is to underestimate him, is a typical Chinese self-media person thinking. I put a hammer myself, and everything is a nail.

First of all, he himself is already a huge source of information and disseminators, he casually said a word, whether it is mainstream media or social media, are flocking to it, Tesla has any new moves, the media is uninvited. Therefore, Tesla hardly advertises and relies entirely on products. After Twitter goes private, the advertising business will also fade out, so it will not be affected by Wall Street tycoons.

With the $44 billion acquisition of Twitter, where are Musk's ambitions?

That is to say, in Musk's concept, the medium of advertising is unnecessary, and each subject can be like him, a source of information and disseminator. This is actually the philosophy of Web 3.0. Although Musk does not put the metaverse and Web 3.0 in his mouth like others, he is indeed a physical practitioner.

With the $44 billion acquisition of Twitter, where are Musk's ambitions?

The social media platform based on Web 3.0 does not control user data, and users can fully control their data use rights. Musk understands the essence of Web 3.0 and tries to lead the media into a new space.

So why didn't Musk start a new web 3.0 social space? With the huge $44 billion that is now acquiring Twitter, it is more than enough to do this.

You know, former US President Trump raised only $1 billion to build his own media platform, TRUTH Social. This is still what Trump's company claims, and the actual investment may be far less than $1 billion.

With the $44 billion acquisition of Twitter, where are Musk's ambitions?

Musk can draw the gourd like this, ask for money, he has a lot more money than Trump; to influence, he is also much bigger than trump who retired. But the question is, can such a platform meet the Web 3.0 requirements in Musk's mind?

Is it self-built or acquired? Musk may have discussed this issue countless times in his mind. For the acquisition of Twitter, he did not hesitate, which is not a financial issue, but a matter of post-acquisition development.

If it is a self-built social media, it is undoubtedly a platform with Musk personally as the soul and center, and gradually become a carnival space for fans who are consistent with Musk's ideas. "Truth Social" is like this, basically a space for Trump's fans.

With the $44 billion acquisition of Twitter, where are Musk's ambitions?

This space cannot accommodate dissidents, and dissidents are reluctant to join this space. Such a space is pure and pure, but it is an "information cocoon", which is dangerous to go to extremes, and it lacks the spark of the collision of pluralistic ideas. That is to say, this kind of space is ultimately lifeless.

This is clearly not the Web 3.0 social platform Musk wants. As a genius mind, he knows the importance of pluralistic thinking, and more understands the importance of reaching consensus in human society - the reason why human society is becoming more and more civilized is achieved by continuous exchange and collision and convergence of consensus.

Fortunately, Twitter still retains such a user base and concept ecology. Because Twitter's original ideal was to provide a space for each individual to speak, it developed rapidly. Although it has been biased by the manager in recent years, Twitter's user base is still there, and the atmosphere is still there. Although there are a large number of water army and robot accounts, for Musk, these can be technically solved.

With the $44 billion acquisition of Twitter, where are Musk's ambitions?

Musk has revealed some ideas for revamping Twitter, including:

1) Twitter's algorithms should be open source and publish code on Github to find bugs or suggest adjustments.

2) Users should have tools to know if their posts are being promoted or demoted without any form of behind-the-scenes manipulation.

3) Having black-box algorithms facilitate certain things and not others, which Musk thinks can be very dangerous.

4. Support the requirements of Twitter users' edit buttons on digital platforms.

5) If a controversial tweet is posted, Musk wants to "make that tweet exist." Musk also said he didn't like the permanent ban.

……

These are just functional improvements to Twitter according to Musk's wishes. In the long run, Musk should use blockchain technology to transform Twitter so that every user on Twitter can grasp their own private data and generate value.

If such a Web 3.0 platform can be implemented, it is undoubtedly a starting point for mankind to enter a new era.

The image originates from the internet

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