{"id":14796,"date":"2022-07-15T11:51:38","date_gmt":"2022-07-15T11:51:38","guid":{"rendered":"https:\/\/zeru.com\/blog\/?p=14796"},"modified":"2022-08-20T00:28:51","modified_gmt":"2022-08-20T00:28:51","slug":"why-is-elon-musk-buying-twitter-4","status":"publish","type":"post","link":"https:\/\/zeru.com\/blog\/why-is-elon-musk-buying-twitter-4","title":{"rendered":"Why is Elon Musk Buying Twitter?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_43 counter-flat ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69f26a6645ad8\" class=\"cssicon\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><label for=\"ez-toc-cssicon-toggle-item-69f26a6645ad8\"  class=\"cssiconcheckbox\">1<\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69f26a6645ad8\" ><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zeru.com\/blog\/why-is-elon-musk-buying-twitter-4\/#Why_is_Elon_Musk_Buying_Twitter\" title=\"Why is Elon Musk Buying Twitter?\">Why is Elon Musk Buying Twitter?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zeru.com\/blog\/why-is-elon-musk-buying-twitter-4\/#Elon_Musks_business_plan_for_Twitter\" title=\"Elon Musk&#8217;s business plan for Twitter\">Elon Musk&#8217;s business plan for Twitter<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zeru.com\/blog\/why-is-elon-musk-buying-twitter-4\/#Elon_Musks_lawsuit_against_Twitter\" title=\"Elon Musk&#8217;s lawsuit against Twitter\">Elon Musk&#8217;s lawsuit against Twitter<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zeru.com\/blog\/why-is-elon-musk-buying-twitter-4\/#Elon_Musks_swashbuckling_approach_to_Twitter\" title=\"Elon Musk&#8217;s swashbuckling approach to Twitter\">Elon Musk&#8217;s swashbuckling approach to Twitter<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/zeru.com\/blog\/why-is-elon-musk-buying-twitter-4\/#Elon_Musks_right_to_withdraw_from_the_deal\" title=\"Elon Musk&#8217;s right to withdraw from the deal\">Elon Musk&#8217;s right to withdraw from the deal<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Why_is_Elon_Musk_Buying_Twitter\"><\/span>Why is Elon Musk Buying Twitter?<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" style=\"height: auto; max-height: 273px; max-width: 31% margin:0px 10px; width: auto;\" src=\"https:\/\/i.imgur.com\/PomrJUC.jpg\" alt=\"why elon musk is buying twitter\" align=\"left\" \/><\/p>\n<p>Why is Elon Musk buying Twitter? The answer will depend on the business model Musk has in mind. Some critics believe this deal may go too far, but that&#8217;s another matter entirely. Musk must obtain full shareholder approval before making the purchase. This vote is expected sometime during the first half of August. If Musk doesn&#8217;t get the needed votes, the deal may fall apart in the long run. If Musk decides to pull out, the deal could fall apart, too.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Elon_Musks_business_plan_for_Twitter\"><\/span>Elon Musk&#8217;s business plan for Twitter<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A new investor, Elon Musk, has a bold plan for Twitter: to make the social network more exciting and inspirational. According to Musk&#8217;s plans, the company will have 104 million active users by 2028. He plans to fire some employees next year, but add more in 2025. During his pitch deck, Musk compared himself to Facebook CEO Mark Zuckerberg. But is this enough to save Twitter?<\/p>\n<p>Several banks have jumped on the Tesla deal because of Musk&#8217;s plan for Twitter. But censorship is a key part of Musk&#8217;s plan. He has long criticized Twitter for its censorship of certain speech. He advocates for free speech within local laws, but opposes more government regulation on such speech on the platform itself. And today, Musk reiterated his position. Nonetheless, the new ownership of Twitter raises some important issues.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Elon_Musks_lawsuit_against_Twitter\"><\/span>Elon Musk&#8217;s lawsuit against Twitter<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The lawsuit is the latest effort by a private company to force Twitter to take Musk&#8217;s tweets down. Musk&#8217;s lawsuit alleges that Twitter has been guilty of violating a confidentiality agreement by withholding data needed to evaluate spam accounts. Twitter&#8217;s legal team responded by saying Musk&#8217;s termination attempt was invalid and that he breached his contract. After hearing news of the suit, Musk tweeted: &#8220;Oh the irony, lol!&#8221;<\/p>\n<p>The company sued Elon Musk in Delaware Chancery Court last week, saying Musk has breached the terms of the agreement by not following through with the acquisition. While the lawsuit is not final, it does have implications for the future of Twitter. Twitter&#8217;s failure to follow through on its acquisition of Tesla could affect other tech companies. If the lawsuit is successful, it may result in a high-profile court case for the tech industry.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Elon_Musks_swashbuckling_approach_to_Twitter\"><\/span>Elon Musk&#8217;s swashbuckling approach to Twitter<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The news that Elon Musk is going to take over Twitter comes as a surprise to many. The tech billionaire has been courting the popular social networking site for months, hoarding shares of the company while claiming to be a proponent of free speech on the internet. However, his actions and vision have led to lawsuits and rival companies circling the company. But should Twitter fear an Elon Musk takeover?<\/p>\n<p>Short-term investors want Twitter to reject Musk&#8217;s bid and instead ask for a small increase. While Musk&#8217;s bid is unlikely to get Twitter&#8217;s users off the site, some have concerns about how Twitter might be impacted by the broader economic slowdown and inflation. Some of these concerns may have been rational, as long as the company remains profitable. But Twitter is a public company, so it&#8217;s hard to tell whether it&#8217;s going to survive long-term.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Elon_Musks_right_to_withdraw_from_the_deal\"><\/span>Elon Musk&#8217;s right to withdraw from the deal<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Tesla shares are tumbling in recent months, with shares falling back below $700. Elon Musk, who has a history of tweeting, has reportedly been trying to come up with a justification for withdrawing from the deal. Despite his public comments on free speech, he&#8217;s faced criticism for his comments and actions. The former president of the United States has called Musk a &#8220;bullshit artist&#8221; and has suggested that he should not be allowed to take Tesla private.<\/p>\n<p>Twitter, which is owned by Musk, has said it will pursue legal action to enforce the deal. While the legal penalty is significantly less, a massive change in a business model is more difficult to defend in court. The lawsuit between Twitter and Musk may last for months. The deal could also be delayed for more than a year. In the meantime, Twitter may be left with no choice but to pursue a lawsuit to force Musk to complete the deal.<\/p>\n<p><iframe style=\"margin: 0px auto; display: block;\" src=\"https:\/\/www.youtube.com\/embed\/D79wPRtXwms\" width=\"447\" height=\"250\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why is Elon Musk Buying Twitter? Why is Elon Musk buying Twitter? The answer will depend on the business model Musk has in mind. Some critics believe this deal may go too far, but that&#8217;s another matter entirely. Musk must obtain full shareholder approval before making the purchase. This vote is expected sometime during the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":15895,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.7 (Yoast SEO v21.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why is Elon Musk Buying Twitter? - Zeru<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/zeru.com\/blog\/why-is-elon-musk-buying-twitter-4\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why is Elon Musk Buying Twitter?\" \/>\n<meta property=\"og:description\" content=\"Why is Elon Musk Buying Twitter? Why is Elon Musk buying Twitter? 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