Despite the controversy, various modes, and disagreements, finally, after six months, the microblogging platform Twitter has officially become Elon Musk’s. Following various strategies, Tesla and Space X CEO Elon Musk has transformed Twitter into a private company.
Along with this, Musk has fired Twitter’s chief executive officer Parag Agwal, chief financial officer Ned Segal, and other top-level employees. Here we have given information about the strategies adopted by Elon Musk during the period of six months.
The 44 billion dollar offer made investors unable to say no
Elon Musk, the most popular user on Twitter, first presented a plan to buy shares of Twitter in order to become a big investor. The company then announced that Musk would join the board of directors. However, Musk did not participate in the board of directors.
Musk, who wants to own the company by buying all the shares of Twitter, plans to buy 100 percent of the shares. At that time, he announced that he would buy a little more than the price per share, i.e. $54.20 per share. Twitter accepted Elon Musk’s offer and proceeded with the legal process accordingly. However, this agreement was not going to proceed so smoothly.
Elon Musk backed out of buying Twitter because of bots
Everything was going well. At the same time, Musk sent a letter to Twitter saying that the contract between him and Twitter should be canceled. He said that he backed out of the deal to buy Twitter for $44 billion saying that the number of bots on Twitter was not transparent.
The company went to court to compel him to buy Twitter, which will be heard on Friday.
Then Musk decided to buy Twitter again
After a long period of disagreements and disputes, Musk plans to buy Twitter again. Attorney Kathleen McCormick gave both sides a deadline of 5pm on Friday. He has completely closed the deal at the last moment.
Twitter CEO Parag Agarwal, CFO Ned Siegel and Policy Chief Vijaya Gaddy have been fired after taking the company under their private ownership.
What is Twitter for Elon Musk?
Musk is the most famous user of Twitter, who has given that height to companies like Tesla, SpaceX and Neuralink, which are the most talked about companies in the world, who played an important role in activating a large audience.
Musk, who makes fun of Twitter on Twitter, introduced the platform as a means of entertainment as well as advertising his products. Musk has now said that Twitter will be transformed into a medium like WeChat and TikTok.
Similarly, he has a plan to bring back former US President Donald Trump, who was banned a few years ago.