As the world’s richest man, Elon Musk gets poised to take over control of popular social media handle, Twitter, he has explained why he decided to invest in the business.
Musk purchased Twitter for $44 billion in a deal which he closed on Thursday, October 27. He has appealed to advertisers saying that he is buying Twitter because it is a cornerstone of civilization and that it would help humanity.
Musk’s appeal comes amid claims that he will turn the company into a cesspool of free-for-all commentary, and that many people with extremist views may have freedom to post when he becomes the owner, a move that will put off advertisers .
Posting on his Twitter handle on Thursday, Musk promised that Twitter will not be free for all after he acquires it.
”Twitter obviously cannot become a free-for-all hellscape, where anything can be said with no consequences! In addition to adhering to the laws of the land, our platform must be warm and welcoming to all.
“Twitter aspires to be the most respected advertising platform in the world that strengthens your brand and grows your enterprise. To everyone who has partnered with us, I thank you. Let us build something extraordinary together,” he tweeted via a note.
Musk comes across in his note, as a more serious owner of Twitter compared to his joke earlier in the day when he tweeted the video of him entering the Twitter HQ with a toilet sink. He captioned his tweet, let that sink in!
Around the same time, Musk also changed his Twitter bio to “Chief Twit.”
He explained why he bought Twitter, saying, “The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence.
“That is why I bought Twitter. I didn’t do it because it would be easy. I didn’t do it to make more money. I did it to try to help humanity, whom I love. And I do so with humility, recognizing that failure in pursuing this goal, despite our best efforts, is a very real possibility.” he added.
It would be recalled that Musk launched his bid in April this year to buy Twitter for around $44 billion. However, he soon backtracked, saying that he was no longer interested in buying Twitter because according to him, the company inflated its number of actual and active users.
Twitter denied the allegations and filed a court case against Musk. Later Musk told the court that he would complete the deal and the court asked him to do it by October 28.