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Preface:
Musk's obsession with [freedom] coincides with the idea of "freedom" held by the Web3 world, so whether Musk really wants to rely on Twitter to drive the Web3 economy, Web3 advocates want to see Musk push to the ideal encryption path.
The author | Fang Wen
Image source | network
Twitter officially entered the Musk era
According to the official announcement issued by Twitter, Musk will make a wholly-owned acquisition of the company at $54.2 per share, with a transaction value of about $44 billion, which is expected to close in 2022.
This means that Twitter, the world's largest social platform, will be delisted from the New York Stock Exchange in the future and become a company privately controlled by Musk.
In mid-March, documents released by the U.S. Securities and Exchange Commission showed musk already owned 73.487 million shares of Twitter, or 9.2 percent of the company's common stock.
The move made Musk Twitter's largest single shareholder, while also replacing U.S. investment giant Vanguard Group as Twitter's largest outside shareholder.
In early April, Musk managed to get on Twitter's board, but according to regulations, once he was a member of the board, he could not own more than 14.9% of the shares as an individual shareholder or a member of the group.
From planning for a long time to making a formal shot, to fighting wits and courage to put pressure on Twitter frequently, and finally breaking through the siege and successfully hunting, the world's richest man only took about 30 days.
Under Musk's meticulous platooning, the last trick that Twitter's board can come up with, that is, their [poison pill plan], is simply vulnerable.
Musk did two things at the first time
The first was logging into his Twitter account and forwarding the official Twitter press release.
The second is to announce to the world the boundless imagination of the [new Twitter era] and the "freedom of speech is the cornerstone of democracy" that blew up the Internet yesterday.
Many people began to worry about whether Musk really had the energy to run such a large social media, free speech is not an empty word on paper, and speculated about musk's purpose of spending hundreds of millions of dollars.
Twitter becomes Musk Capital's careful thinking [vanguard]
Twitter amplified Musk's [mana] even further, with people believing that as long as he mentions cryptocurrencies, they will skyrocket, and as long as the currency he buries will plummet.
While there is no clear evidence that Musk has used his influence to gain profit in the crypto space, he has long been seen by Web3 advocates as one of the most important opinion leaders.
December 2017: Musk announced on Twitter that if 50,000 [Boring] brand hats were sold, he would release a Boring Company Flamethrower, and eventually this limited edition flamethrower, $500 each, sold out for $20,000 each.
February 2018: Twitter buzzes as Tesla's electric sports car, the Roadster, is launched into space.
April 1, 2018: Musk tweeted that [Tesla is bankrupt], and Tesla's stock price fell 7% on the same day.
August 2018: Musk said on Twitter [considering taking Tesla private], and Tesla shares rose more than 13% the next day, but the privatization did not take place, causing the stock price to fall.
In May 2020, Musk tweeted: "I think Tesla's stock price is too high." On that day, Tesla's market value evaporated by more than $14 billion.
Twitter Communication Properties with Web3 Experimental Application
When Musk announced that he was going to buy Twitter, even if he repeatedly stressed that this is not to make money, people still inevitably doubt whether Musk wants to use Twitter to further manipulate the Web3 economy for cryptocurrencies and NFTs.
In the concept of Web 3.0, in the future, every user will be the creator involved in operating the Internet environment, rather than the tool that generates traffic as a platform to earn advertising fees.
In fact, whether it is the previous Bitcoin or the current Web 3.0 experimental application, Twitter has become one of the important industry communication platforms because of its natural communication chain and two-way communication capabilities.
Musk is a valuable infrastructure if he wants to drive Web 3.0.
For the current development of Web 3.0, Musk is not satisfied, and as an important public opinion field, Musk's acquisition of Twitter may be the beginning of building an ideal Web 3.0.
Musk's blatantly derogatory comments on Web 3.0
At the end of 2021, Musk sneered at the current Web 3.0 on Twitter and fought with Web 3.0 supporters.
Musk has previously directly expressed his disdain for Web 3.0:
[Web 3.0 sounds like nonsense.] I don't think Web 3.0 will come true — it's more of a marketing term than an actual thing. ]
Although Musk has [criticized] Web 3.0 again and again, he has not completely denied this concept, but has criticized the current development of the phenomenon of deviation from the essence of Web 3.0.
Musk has said: "If we can increase trust in Twitter as a public platform, the risk of civilization will be reduced."
Not only do the people who said it before have the ideal of decentralization, but Musk also has it, and Web3 carries this ideal, and Twitter may be the center of public opinion of Web3 in the future.
End:
Musk's acquisition of Twitter's "Sima Zhao's Heart" is undoubtedly a shortcut to the power of Web3.
As the godfather of Dogecoin and the big guy in the currency circle, he may see that Twitter is more advanced and more advantageous than Google, Amazon, and Meta on the road to Web3.
When the value of the data produced by each person belongs to the individual, rather than being appropriated by technology companies and exclusively used as big data privacy data, decentralized Twitter is undoubtedly [more popular].
Only through acquisitions, only through rectification, fundamentally eliminate the absolute central right to change the rules of the platform, so that every user can freely grasp and use data.
Part of the reference: interface: "Swallow Twitter for what, drunk on the meaning of Web3", Geek Park: "$3 billion to buy Twitter, Musk to engage in their own Web 3.0?"
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