The social media platform was confused when Elon Musk wanted to take Twitter completely. Some Twitter users supported Elon Musk, while others reacted.
Elon Musk announced on March 14 that he bought a 9% stake in Twitter. After a large increase in the company’s shares, there was a small decrease again due to the fact that the businessman did not enter the board of directors. A Twitter shareholder also sued Elon Musk, which quickly impacted the stock, for making a late statement. The famous businessman then made an offer to completely buy the social media platform.
Where will Elon Musk find the cash for his Twitter purchase?
Elon Musk has outdone himself on Twitter stock buyout. He now wants to be the sole owner of the entire company. So do you have enough cash?
Some Twitter users want to leave!
Elon Musk had complained that the platform wasn’t free enough before he bought a stake on Twitter. The businessman announced that he sanctioned the platform because he believed it would be more free and democratic. After all these events, the people of Twitter were divided into two. While some users stated that they would leave Twitter, others supported Elon Musk for his purchase.
After the statements, Fred Wilson, a Twitter investor, shared the following:
“Twitter is too important to be owned and controlled by a single person. It should be reverse. Twitter should be decentralized as a protocol that powers an ecosystem of communications products and services.”
After the investor’s share, Twitter’s desire to turn it into a private company, which was included in Elon Musk’s letter, came to mind.
What do you, our readers, think about this issue? What do you think will change on the platform if the businessman buys Twitter? Which reaction to Elon Musk, one of the divided Twitter users, is justified? You can express your thoughts in the comments section or on the SDN Forum.