I guess it’s official today as Totter agreed to be bought out by billionaire Elon Musk for $44 billion which equals to $54.20 per share. It was interesting as it seemed like the Twitter board was actively trying to stop it from happening initially. The argument there was they were potentially doing what was in their own personal best interest such as keeping their jobs versus what investors would want.
His comments appeared to be all about wanting the platform to maintain free speech as he says in his remarks: “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,”
That will be interesting to see if he can accomplish that since the Internet is often crazier than a live townhall due to people being anonymous many times. He continues to then say this:
“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.”
Since he is taking the company private as well that would definitely change the way the company can operate. But this will be a really fascinating case study of sorts to see whether or not Elon Musk can maintain is ultimate goal for the platform while still making it profitable.