Why Elon Musk Bought Twitter – Could This be the Next Big Thing for the Company? | Arabi Investor - Arabic Investor

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Why Elon Musk Bought Twitter – Could This be the Next Big Thing for the Company?

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Elon Musk is a genius. But does he want to stay that way? He’s already the CEO of Tesla and SpaceX. Between that, his now-legendary stint as PayPal CEO, and the rocket launching he does for fun, he has his hands full. His next challenge? Saving Twitter.


Outlines; 


1. What is Elon Musk's role in the company? 
2. What are the possible reasons Musk bought the company? 
3. What could Twitter's future look like under Musk's
ownership? 
4. What are the implications of Twitter's acquisition for the
company and the wider tech industry?

 

 

1. What is Elon Musk's role in the company?

 

Elon Musk, the visionary founder of SpaceX and Tesla, was brought on as an advisor in 2012 and appointed CEO in July of 2013. Musk's focus on SpaceX and Tesla's solar products have helped steer the company back into profitability.

 Elon Musk co-founded SpaceX in 2002. He currently serves as the company’s chairman and CEO. SpaceX designs, manufactures, and launches advanced rockets and spacecraft. It also develops technologies to make rocket propellants out of recycled liquid oxygen. The company’s products include the Dragon spacecraft, which is used to carry cargo to and from the International Space Station. The Falcon 9 rocket, which launches the Dragon into orbit, provides regular cargo launches to the International Space Station. The Falcon 9’s first stage is reusable, which is a bit of a first for a rocket.

 

2. What are the possible reasons Musk bought the company?

Musk may have bought the company for a variety of reasons, including its technological advancements, strong market position, or simply because he saw it as a good investment. Whatever the reasons, it's clear that Musk is committed to making Tesla a success.

On Aug. 20, 2018, Elon Musk announced on Twitter that he had acquired a 5 percent stake in Tesla.2 This purchase added about $420 million to Musk’s net worth. Why? Why would he do this, and what future implications could

this have?

 

3. What could Twitter's future look like under Musk's ownership?

Twitter could become a much more powerful tool under Musk's ownership. He could use it to promote his businesses and products and to communicate directly with customers and fans. Twitter could also become a more valuable platform for advertisers, as Musk has a proven track record of being able to generate buzz and interest around his brands.

With Twitter's stock having lost over 50 percent of its value since September 2018, Twitter finds itself in a rough spot. The social media company's stock lost even more value after its announcement that it would begin charging extra for some tweet length, and hasn't seen much relief since the December 2018 release of its Q4 earnings report.

 

4. What are the implications of Twitter's acquisition for the company and the wider tech industry?

Twitter's acquisition of Periscope is likely to have implications for the company and the wider tech industry. For Twitter, the acquisition could mean a boost in users and engagement, as well as a new avenue for revenue. For the tech industry, the acquisition could mean increased competition among live-streaming services.

The acquisition pushes Twitter towards becoming an integral part of the popular internet of things but could also mean a more public face for the company. Twitter currently has 330 million monthly active users worldwide,

of which 200 million are active users.

 

Conclusion;

      Twitter's acquisition by Musk gives the company an opportunity to further expand its mission to empower people and a voice for all. After years of public pressure, Twitter is finally taking steps to improve its platform, emphasize meaningful interactions with friends and followers, and allow users to express themselves. The acquisition also opens the doors for more growth outside of its traditional user base, which now includes more than 330 million monthly active users.


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