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Why did Elon Musk invest $3 billion in Twitter stock?

  • April 10, 2022
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On March 25, Elon Musk tweeted the following: “Free speech is essential for a functioning democracy. Do you believe that Twitter strictly adheres to this principle? This poll

On March 25, Elon Musk tweeted the following: “Free speech is essential for a functioning democracy. Do you believe that Twitter strictly adheres to this principle?

This poll was conducted by one of the richest people in the world, who said in the comments: “The implications of this poll will be important. Please vote carefully.”

What would that mean? Shortly after, we saw the announcement that Elon Musk had become the largest shareholder of Twitter, having bought a 9.2% stake in the company.

And we are talking about a social network that has very unique characteristics that has been a source of information for people to find out what is being discussed the most on the Internet.

The poll took place a few days before the purchase, and as a result, the majority of people voted against, twitter does not strictly adhere to the principle of freedom of expression.

We don’t know if Musk would have bought the stock even if the poll showed the opposite, but we do know that he is a very active Twitter user.

It was through the exchange of tweets that he met Grimes, the wife of his two children, with whom he maintains a relationship that is not so clear to the public.


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In fact, this daughter of the two named Y was discovered by chance during an interview with the singer. Vanity Fairwho wrote a report that is definitely worth a read. So, Elon Musk has two children, X and Y with Grimes.


Does Elon Musk Own Twitter?

Elon Musk is now the majority shareholder of Twitter with a 9.2% stake in the company and with an investment that is no joke, US$3 billion was invested, and of course this investment was made with the goal of being the majority shareholder.

Does this mean he is the new owner of Twitter? Of course not. But this means that his position will be of great importance for discussion. And this is all very curious, imagine that something is bothering you, and you can just change it with money.

Elon Musk has already said that one of the reasons he started digging tunnels in the city of Los Angeles with his Boring Company was because he mostly lives there.

“It’s in LA because I mostly live in LA. That’s why it’s a terrible place to tunnel. This is one of the worst places to tunnel.”

During a Joe Rogan podcast that Flow Podcast says he copied, the billionaire said his plan to dig tunnels in Los Angeles to solve the city’s traffic problem stemmed from the fact that it was the main city he lived in. The excerpt is at 5:28 of the video below.

Therefore, it is not surprising that he makes very large investments to solve the problem he is facing.

Elon Musk and other rich, the richest are always complaining that they can’t do what they want and usually use money to try and get around the problem.


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The real-life Iron Man even said he was considering creating a social network to encourage free speech.

And so, after quoting this information, I ask you who is watching this video. Do you think Elon Musk does what he does for the greater good? Do you believe he’s just someone very rich and selfish? Or do you think that the truth is in the middle of these two statements? Thinking about his personality can be important, as he is without exaggeration one of the most powerful people on the planet.


Musk and Twitter

First, Elon Musk has 80 million followers on Twitter. Can you imagine the impact of 80 million followers on a social network like Twitter?

And his popularity grew there. As of December last year, he was 12th on the list of people with the most followers on Twitter. Now, as I write, he is the eighth, and the first is Barack Obama with 131 million users.

With that in mind, imagine that whatever you say has a direct impact on a very large number of subscribers. This results in each blocked message causing more inconvenience. Especially if you are an influential person and are already influential for other reasons.

And when you create a social media account, you don’t own what you post. Only in the event of a lawsuit… Then you have to answer for what you said. Who has every right to delete your post is the social network itself. She makes her own rules. After all, you don’t own the platform.

And then there comes a point where you buy a piece of the company all at once and can solve it with a phone call or text message (theoretically).

Social networks are widely used by influential people, especially during election campaigns and for mass influence of people. And this is clear from Musk himself, who has already bought cryptocurrencies several times, and then tweeted to his millions of subscribers about the same currency, which is a clear market manipulation.

Twitter seems to be a kind of toy for Elon Musk, where he goes there at his leisure, shares some memes, manipulates the market a little and gets to know his wife, and finally buys the network on a grand scale. This is clearly a very important place for him, and now there will certainly be more of it.


Changes on Twitter

But what could he change now that he bought Twitter? The first thing that is obvious is that he will do his best not to be censored, no matter what he says. Anyone who pays $3 billion for something must have demands.

But some are skeptical that things will really change for others. One of the biggest problems with social media today is the lack of content analysis.

YouTube, for example, has a lot of malicious content that just won’t be removed. This is because computers have to determine when something is truly dangerous.

The same is true for Twitter because the networks rely heavily on artificial intelligence to judge what can and cannot be posted. In addition, they operate with high profitability.

Twitter, of the networks, actually has less of that money-making power. But other networks could hire more people for fact-checking and curation.

In any case, artificial intelligence will have to move forward so that simple tweets do not cause an account ban.

The most curious thing about all this is that Elon Musk is horrified by the uncontrolled advancement of artificial intelligence. Despite the fact that we are working on implanting a chip in our heads to connect the machine and the person. So yes… Elon Musk is a figure.

As for what might change, Musk is handling it as usual; via Twitter. Despite his complaints, it’s clear that he truly loves the web.

On April 4, he did a poll: Do you want an edit button?

It is currently not possible to edit what you post on Twitter, this has been a feature of the network for years. In fact, in the poll, he intentionally misspelled “yse” instead of “yes”.

On this occasion, some people have said to make it editable only for the first 10 minutes and with a note that it has been edited, which, according to Elon, seems reasonable.

Other people say the argument against this is: what if something goes viral and the person changes the meaning, if the person corrects not just a simple grammatical error, but the entire original meaning?

In the same post, Meta’s CTO said they fixed this on Facebook a long time ago, stating that it was edited and including the revision history.

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Source: Mundo Conectado

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