Elon Musk: The rumor of Elon Musk buying Twitter was going on for a long time. Then finally, in October last year, Elon Musk bought Twitter for $ 44 billion, and became the new owner of Twitter. After Elon Musk bought Twitter, there was an upheaval in the world of technology. Only Twitter and Elon Musk were being discussed everywhere. Elon Musk was also not far behind. He was doing many such tweets or works one after the other, due to which he was constantly in the news. At that time there were also reports that Musk was backing out of the deal due to some reasons, but then somehow the deal was done. Now, six months after the acquisition, the Tesla CEO has finally revealed the reason behind his move.
Why did Elon Musk buy Twitter?
In an interview with BBC journalist James Clayton, Musk revealed why he bought Twitter. During the interview, Clayton asked Musk whether his $44 billion Twitter deal was something he had done of his own free will or if he was afraid that the court might force him to buy Twitter. To this Musk replied yes. Musk agreed that he did this deal because of the court case. Twitter’s board of directors filed a lawsuit against him for not honoring the initial deal by signing the deal. At the time, Musk felt that his case was not legally strong enough. Because of this, they decided to honor the deal and take over.
Musk did this work to increase revenue
During the interview, Musk accepted that after taking over the company, when he walked into the Twitter headquarters with a sink and a smile, he didn’t really want to do that. After taking over Twitter, Musk laid off most of Twitter’s workforce and made a number of changes to the platform. The list includes not only introducing pad blue ticks to boost Twitter’s revenue, but also introducing colored ticks to identify different types of accounts, removing the old legacy blue ticks, making Twitter Blue available to all users. Providing is also included.
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