'This' is the reason to buy Twitter..!? Elon Musk's master plan..!
In a way, Elon Musk bought the twitter company after a great struggle for about 44 billion dollars. While all 5 companies of Elon Musk are growing rapidly, why buy a new company in a new field for 44 billion dollars? Social network companies will data-face too many problems. Still, why sell $30 billion worth of tesla stock and buy Twitter? On Thursday, Elon Musk bought 100 percent of the shares of twitter for about 44 billion dollars, and before thinking about what happens next, 4 top executives, including general counsel Sean Edgett, have been removed from their jobs. Musk organized the meeting on day one to describe what it would look like. This way there will be no administrative change problems.
Following this, Elon Musk is determined to improve the customer experience on the twitter platform, as well as increase revenue. The first step is to charge a small fee to twitter customers, reduce fake and spam accounts, make policy changes to give people the right to free speech and give all employees EDIT Elon Musk also plans to offer a button service. But that's just the beginning, Elon Musk bought twitter to build his dream app, X. Although it is abbreviated as X, the full name of this app is X "everything app". In this app, Elon Musk plans to provide many services from social media, messaging service, food delivery service, and payment to customers all over the world on one platform.
Notably, China's Tencent offers a similar service through its Wechat app. Elon Musk plans to give this to all countries in the world through twitter without any difference between USA and Australia. Meanwhile, Elon Musk can easily advertise the products and achievements of his tesla, SpaceX, Boring Company, Neuralink, and OpenAI companies through Twitter. Especially tesla, a Boring Company has started selling many important products in the retail market and twitter can be very useful for advertising and marketing this.
It can also save money spent on advertising and marketing. But the most important challenge for Elon Musk now is how he is going to raise this additional $5-10 billion to invest in twitter if he wins.