Elon Musk wants total Twitter control in hostile Takeover of 43 billion dollars

Written By: Aashish Vashistha

April 15, 2022 (New Delhi): Tesla Chief, Elon Musk is making headlines his $43 billion all-cash offer to buy the microblogging site, Twitter. He recently suggested that Twitter should open-source it’s algorithm. The billionaire tech entrepreneur, the largest shareholder of Twitter with an over 9 per cent stake in the company said during a TED Talks event that the platform has become kind of the de facto town square. Elon Musk’s ‘best and final’ offer had taken the social media platforms by a storm.

During an interview with Ted Talks, Elon Musk emphasised that, “It’s very important for there to be an inclusive arena for free speech,” he further added, “It’s just really important that people have both the reality and the perception that they are able to speak freely within the bounds of law.” He also mentioned on Ted Talks, “One of the things I believe Twitter should do is open-source the algorithm and make any changes to people’s tweets – if they are emphasized or de-emphasized, that action should be made apparent. So anyone can see that action has been taken.”

This surprising Twitter bid of Elon Musk came days after his denial to join the company’s board despite being largest shareholder. In a letter addressing Twitter Chairman Bret Taylor on Thursday, he offered $54.20 per share saying the company has “extraordinary potential” and that he will “unlock it”. He urged, “Twitter needs to be transformed as a private company,” adding that if his “best and final offer” is not accepted, he would need to reconsider his position as a shareholder. Netizens are trending tweets suggesting him to recover Srilanka from debts and Economic Crisis.