Twitter Takeover by Elon Musk: The Mystery Behind Twitter Takeover That Will Surprise You

Source: Amul India

Twitter is an American microblogging and social networking service on which users post and interact with messages known as "tweets". Registered users can post, like, and retweet tweets, but unregistered users can only read those that are publicly available.

Elon Musk is on a mission to acquire twitter. He has offered 54.2 dollars per share to acquire 100 percent ownership of twitter.

Now, why is Elon Musk doing this and what has happened in the last few months with twitter and Elon Musk and how is twitter board reacting to this situation. All this we are going to cover in this article.

In the early week of April 2022, we saw that Elon Musk has become the highest stakeholder of twitter by investing nearly 3 billion USD and taking up 9.2% of the ownership of the company. So now, let us know the reasons.

The 3 Powerful Reasons

The first reason for him to acquire twitter is that he wants to focus on freedom of speech. Twitter is a microblogging platform and Elon Musk wants to make freedom of speech a tool which is available to all and he feels that twitter is the most powerful platform which can help him to succeed in his mission.

But Why Elon Musk is on a Mission?

The current scenario of twitter, its policies, its content moderation policies are not allowing twitter to become the most powerful platform with a complete freedom of speech on the platform.

The second reason is Edit button

Elon Musk wants that once we have put out a certain post, we can edit that post so that we can revise any kind of typing error or any kind of issue, which is against the current content modulation policy of twitter and that is one of the reasons why Elon Musk wants to acquire twitter and make these changes to the platform.

The third biggest reason is that Elon Musk wants to make Twitter Blue a platform which can be bought by people through crypto currency. And the best crypto currency which Elon Musk wants to become a payment portal for twitter blue is Dogecoin.

But there is one more thing. Elon Musk thinks that the current management of twitter is not capable enough to make twitter the successful platform which it deserves to become and Elon Musk feels that he should be given a chance and he will be able to turn around the fate of twitter.

Reactions of Twitter Board Members

One thing is clear that they will not let Elon Musk acquire the whole company at the value of 54.20 dollars per share, when the share was trading at 71.69 USD per share, last summer. But then why are they not saying a blunt no to Elon Musk. The reason is that they have a fiduciary responsibility because twitter is a publicly listed company and there are a lot of retail investors who have invested in the company and the Board being the representative of all these people have to take a very responsible action towards this particular case.

Now one thing we have to focus on is what Mark Cuban has said about twitter. He said that twitter in no way will give up the company to Elon Musk and they should look for a more friendly partner to acquire all the stake that Elon Musk has got which is 9.2%.

The friendly partners mean the way Apple was invested by Bill Gates. We have seen a lot of billionaires saving a lot of companies. So, these are the friendly partners who invest in the company but let the management of the company run it through.

Now What will Elon Musk do?

Elon Musk has said he doesn't know whether he will get the twitter brand or the company but he is ready with his ‘Plan B’ to acquire it. And all of us, the whole media, the whole world is thinking that he will go for the hostile takeover of twitter.

My Perspective

Let us see what will happen next whether Elon Musk succeeds in acquiring twitter or not but I am sure of one thing that we need to have a platform where we are offered freedom of speech. Now let's see who will unroll it in the future.