Elon Musk unveils the big SpaceX Mars ITS (aka BFR) Rocket in 2016|Steve Jurvetson|CC BY 2.0
With the recent deal to buy Twitter for $44 billion, the billionaire entrepreneur Elon Musk has entered the world of social media.
From automobiles to satellites, from space to now media, Musk has it all—leaving it to the public to speculate which company would catch his attention next.
Musk: A godsend or doomsday for Twitter?
Elon Musk’s one of the main motives behind buying Twitter was to take the platform private. By doing so, the company can undergo any changes and modifications and may not be answerable to any entity. So far, a stable flow of power was present within the company.
Former CEO Jack Dorsey was answerable to the Board, and the Board had to answer to the shareholders. Even Twitter, as an organization, has to answer to the US Securities and Exchange Commission.
With Musk taking over the micro-blogging platform and making it a private entity, the billionaire will have the ability to sway and influence the platform, and hence opinions, the way he’d want. With a net worth of $249 billion, he can do so.
From breaking news and official announcements to celebrity updates, Twitter is among the most reliable platforms for information—there is a fair chance that the tables might turn when the company becomes private.
