What will Twitter look like after being acquired by Musk for $44 billion?

No one thought that in just a few days, Musk would really buy Twitter.

On April 25, according to people familiar with the matter, Twitter was ready to accept Elon Musk’s bid of $54.20 per share. The world's largest social media will be acquired by the "global spiritual leader" Musk with a valuation of approximately US$44 billion, becoming another major industry of the latter outside the fields of electric vehicles, aerospace, and brain computers.

As the most influential entrepreneur on the planet, we can infer from Musk’s previous remarks what Twitter will become under his rule look. Can Twitter, which is closely connected with the encryption world, turn Dogecoin, which was popularized by Musk, from a meme into a practical tool?

When the acquisition is in progress

The source of this $40 billion super deal happened less than two weeks ago.

On April 14, Musk provided an offer in a document submitted to the SEC: willing to buy Twitter at a price of $54.2 per share. The largest shareholder of Twitter not long ago said that Twitter needs to be transformed into a private company. This offer is the best and last offer he can give personally.

$54.2 means that Musk gave Twitter a valuation of over $43 billion, exceeding the current market value. The sudden good news was also reflected in the market, and Twitter rose sharply.

At the end of the quote, Musk also gave his reasons for privatizing Twitter. He believes that the reason why he invested in Twitter was that he believed that it now had the potential to become a global platform for free speech, but when he invested in Twitter, he found that Twitter would neither prosper nor meet the needs of society. So he decided that Twitter needed to transform into a private company.

"Twitter has extraordinary potential, and I will release it." Musk wrote at the end.

Most people are still very interested in Twitter’s change of ownership. Musk’s own poll shows that among the total votes of 2.86 million, 83.5% support Musk's acquisition of Twitter.

This transaction is very reminiscent of the privatization of Tesla 4 years ago. The protagonists are the same, but the result is different. The privatization of Twitter is a foregone conclusion. Musk is bound to change this social platform with 200 million monthly active users worldwide. In addition to black-box algorithms, fraudulent accounts and other criticized aspects, Musk can also contribute to Twitter. bring what?

Musk’s ideal Twitter

Two years before announcing the acquisition of Twitter, Musk expressed his dissatisfaction with Twitter many times in public. Earlier it was Facebook, which Musk hated to the point of deleting the Tesla and SpaceX Facebook accounts. Unlike his distaste for Facebook, Musk doesn't hate Facebook's Instagram, just because the latter retains its independence.

In addition to being disappointed with the independence of Twitter, Musk also expresses his unsatisfactory iterations on the functions of Twitter products. Before issuing a tender offer to Twitter, he launched a vote on Twitter to support the addition of a button to modify the content. More than 4.4 million people participated in the vote and 3.2 million people supported it. This is not a new feature. Weibo, which is far across the ocean by touching Twitter, has supported this feature in 2017.

Musk also complained that Twitter is losing more and more big Vs and stars. This isn't just a problem with the Twitter platform itself. At present, social platforms around the world are facing the loss of top users, and they are increasingly afraid to express their positions on public platforms. On the one hand, the generalization of trolls leads to poor user experience, and at the same time, the inaction of the platform has contributed to the trend of trolls rampant. Behind the screen, some users seem to think they can do whatever they want, causing bad money to drive out good money. On the other hand, the platform indulges opposing topics and creates a large number of fake users for the sake of short-term traffic data.

In the face of Twitter's existing problems, Musk said that once the acquisition is successful, it will fight to the death with spam robots and verify whether it belongs to a real user. At the same time, Musk will also open source Twitter's algorithm, because it is very important for freedom of speech. Among the 2.03 million user votes, 70.4% of users think that today's Twitter is not free of speech. As Musk wrote in the acquisition offer, Twitter now has the potential to become a global platform for free speech, which is a social responsibility for a country.

Of course, the most important point is that Twitter may support Dogecoin tip payment in the future. The founder of Dogecoin once expressed the hope that Dogecoin will add practical functions, and mentioned the option of adding Dogecoin to Twitter’s tip payment, which Musk deeply agrees with.

After deciding to acquire Twitter, Musk registered three new companies with X Holdings as the parent company. One of the companies is the subject of absorbing and acquiring Twitter. Interestingly, in 2012, Musk considered creating a parent company to incorporate into his company, and Musk is also the holder of the X.com domain name. In an interview with TED, Musk believes that this may be very complicated because Tesla, SpaceX, Neuralink and The Boring Company have different sources of shareholders, and Tesla is still a public company.

However, this is obviously not a problem for Musk, who has super executive power. Perhaps in the near future, he will be able to see the birth of a giant company. The giant owns Twitter, Tesla, SpaceX, Neuralink and The Boring Company.

Early Twitter user

Although Musk is not satisfied with Twitter now, he even transformed Twitter by himself. He has always been a veteran Twitter user himself and has also strongly supported the work of former Twitter CEO Jack Dorsy.

As early as 2018, Musk tweeted, "On Twitter, there are very few likes, very fierce criticism, very hardcore. This is very good."

First released since 2010 Since the tweet, Ma Skye, who has grown to be the richest man on earth worth more than $250 billion, still frequently and consistently shares his opinions, memes and thoughts on Twitter.

Not only that, during the tenure of former Twitter CEO Jack Dorsey, Musk publicly expressed his support and appreciation for Jack more than once. In 2020, he said many times, "Jack has a kind heart" and "he is doing his best, and I support him."

What's more interesting is that Musk and Jack also maintain a magical agreement on many things.

For example, these two technology giants in the Web2 world have both developed a strong interest in the encryption world and devoted themselves to it. For another example, in the big discussion about Web3, both Musk and Jack publicly expressed their doubts and dislike of capital-driven Web3.

At the end of 2021, Twitter founder and CEO Jack announced his resignation as CEO. In the first half of 2022, Musk, who has always claimed to support Jack, announced his investment and acquisition of Twitter, which is also worth pondering.

4 years ago, Jack Dorsey Quoted from Musk's interview , and deeply recognized, "My goal is to do useful things and use my best efforts to make the future better and more exciting."

In the past 4 years, Musk has not broken his promise. Tesla, SpaceX, and Neuralink have all become companies recorded in history. Next, it is Twitter’s turn.

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