It is official that Elon Musk has made an offer to buy twitter for $43 billion ($54.20 per share) in cash. That's a lot of money, you know, but Elon is the wealthiest man on the planet and he has a huge wealth.
Musk already owns about 10% of the total twitter shares, but it seems he wants more, he probably wishes to become the DOGE boss, meme lord and the full owner of one of the most used social media apps.
The current price of one twitter stock is around $43, thus making Elon's offer of $54 per share a quite generous one. It's not like $43 was the peak, you could have bought one twitter share for close to $70 one year ago and it can further appreciate.
I have no details on who are the other large stakeholders and how can Elon buy all the stocks off the market and become the owner of twitter, but I sure know one thing, this man is obsessed by power and attention, but is clearly missing a point here.
$43 billion is a lot of money, I already said that in the introduction... But the problem, the way I see it, is Elon investing in a centralized social media network. Considering that he's been quite vocal about freedom of speech for the past few years and definitely against the establishment, I wonder why bother buying twitter.
I know, it's about power, but he could use all that money and buy HIVE tokens for example and gain himself influencing power on a plethora of social media apps built on a decentralized blockchain, or he could use all that cash in funding a team that could create a decentralized blockchain that would host WEB3 apps similar with facebook, twitter and instagram.
This way he would clearly support freedom of speech and anti establishment communities.
Elon Musk is a man of emotions and you can clearly see that from his actions, thus I can see such move as a way of gaining himself more power of decision over plebs. Don't get me wrong, I'm not making the devil out of Elon, but I wouldn't put all that money into twitter.
He could buy BTC, HIVE, invest in a decentralized blockchain project designed for WEB3 application, or create his own social media app from scratch if that's what he wishes for, but twitter... Come on, man... It's famous for censorship, we all know that.
Anyway, it's not my money, but if I were Elon I wouldn't buy twitter. It's a second hand merch, he's never gonna be able to transform it into what he might wish to and it is an app of the establishment. Just my two cents
Thanks for attention,
Adrian