Elon Musk made a massive move on Monday with his Twitter takeover. Now, what are my honest thoughts on the $44-billion deal and the future of the platform under his leadership?
I celebrate for all of America and democratic countries with Elon Musk’s successful takeover of Twitter.
This may be the one of the greatest acts in American history to protect free speech and democracy.
Monday, April 25, Musk announced, “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.”
Despite the board of Twitter’s recent attempt to use a poison pill defense to prevent Musk’s buyout, they quickly surrendered to his $44 billion offer to take the company private.
“The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing. The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders,” says Bret Taylor, Twitter’s independent Board Chair.
What does Elon Musk’s takeover mean for Twitter’s future?
While I am a huge fan of this purchase by Elon for the importance of free speech, I still have many questions about what he will do with the business, like:
1) Can Elon figure out how to make Twitter the great company that Jack Dorsey has failed to build since March 21, 2006?
Musk says, “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential — I look forward to working with the company and the community of users to unlock it.”
2) Despite his claims that he has no economic motivation, will Elon make the company profitable?
3) How will Elon integrate into Twitter and benefit Tesla owners, and is this one of his motivations?
4) Will Twitter become a social platform to compete with Zuck’s dying Facebook/Meta?
5) Will Twitter allow Donald Trump back on the platform, and will Donald Trump go back to Twitter?
I was disappointed when I heard the 45th President tell Fox News he would not return to the platform. I do believe he will at some point.
To wrap everything up, my biggest personal question is:
What about you, what are your thoughts on Elon Musk’s Twitter takeover? Let me know in the comments below.
Featured image source: Elon Musk photo by James Duncan Davidson, CC BY-NC 3.0. Grant Cardone photo and additional design provided by GCTV staff.