Elon Musk’s $44 Billion Twitter Deal: Does Bill Gates and Twitter co-founder, Jack Dorsey, trust Musk’s plans?
In April 2022, the world woke up to the news about Tesla and SpaceX CEO Elon Musk’s new business deal - the purchase of one of the world’s biggest social media platforms, Twitter.
Twitter followers of Elon Musk know that the billionaire is quite the opinionated and avid tweeter, tweeting and retweeting several times a day to his 90M followers. What his followers were never ready for though, was the purchase of his most frequently used social media platform!
In March, Elon tweeted a poll in which he asked Twitter users for their opinion on whether they believe that Twitter was protecting free speech or not. Approximately 70% of the two million poll respondents answered no. Little did we know Musk’s motive behind this poll was to take matters into his own hands to improve the platform's protection of speech.
Although the $44 billion deal is likely to take up to six months to officially seal, Musk has already made his plans known to the public. During his attendance at the Met Gala 2022 with his mother, Elon shared with reporters that his goal with Twitter is to have a service that’s as broadly inclusive as possible, and to get rid of bots, trolls, and scams that are negatively affecting user experience.
In other tweets and conversations, Musk mentioned his ideas to possibly turn the company’s headquarters into a homeless shelter (with Amazon founder, Jeff Bezos, showing his support for it on Twitter), removing ads for paid users, and improving the platform's authentication checks. In addition, he plans to improve the platform's features, and also stated that influencers and celebrities need to become more active on the platform.
Microsoft co-founder and fellow billionaire, Bill Gates, shared his thoughts on Musk’s new plans, stating that we should not underestimate Elon!
“You wouldn’t want to underestimate Elon,” stated Gates during a live interview on the TODAY news show, “What he did at Tesla is amazing, helping with climate change, what he did at SpaceX - I don’t know specifically what he’ll do but there’s opportunity and we need innovation in that space.”
Jack Dorsey, Twitter’s co-founder, tweeted his opinion on the new deal with Musk and said: “Elon is the singular solution I trust. I trust his mission to extend the light of consciousness.”
With the deal that’s not set to close until three to six months from now, it’s been revealed that Musk and Twitter have agreed on a ‘breakup fee’, agreeing that either party should pay the other $1 billion should the deal be unsuccessful.
“Twitter has tremendous potential. I look forward to working with the company and the community of users to unlock it!” - Elon Musk