At the beginning of April, Elon Musk once again caused a stir with a takeover bid for the microblogging service Twitter. But the takeover was already confirmed on April 25th. The richest man in the world paid around 44 billion US dollars for this. What happens to Twitter now? Will it be a liberation for free speech, a playground for controversial and toxic speech, or a tool for manipulation?
Some experts from politics and business have already commented on the takeover both positively and negatively on Twitter.
As Jack Dorsey, the co-founder of Twitter, put it on his own account: Basically, I don't think anyone should own or run Twitter. It wants to be a protocol-level public good, not a corporation. However, Elon is the only solution I trust to solve the problem that it is a company. I trust its mission to expand the light of consciousness. https://twitter.com/jack?s=11&t=Drwd_c2lWSLJyEPJ44d9hA
Robert Reich, former US Secretary of Labor and professor at Berkeley University, shares his concerns: "When billionaires like Elon Musk justify their motives with the term 'freedom', caution is advised."
US Senator Elizabeth Warren tweeted: "This deal is dangerous for our democracy.
Roger Kay, an analyst at Endpoint Technologies, said: "Musk is essentially an autocrat. His form of libertarianism has a touch of right-wing politics.”
According to Rob Enderle, a US technology analyst, “It's like running around with scissors in hand. Poor impulse control and too much money are not a good combination.”
Of course, Elon Musk also receives a lot of encouragement and is celebrated by other Twitter users as an advocate of freedom of expression. RiskSmith CEO Richard Smith said: “You can't deny what Musk has achieved. I think he could probably change Twitter."
It's an uncertain future for Twitter and its users. Musk has successfully implemented his visionary goals several times despite resistance, but also a controversial leadership style. How and whether the frequently denounced censorship can be removed or changed by him is not foreseeable at this point in time. Only time and Elon Musk's actions will tell in which direction Twitter is developing.
Twitter was listed today (04/27/2022; 09:45) at EUR 46.1 and thus 3% below the closing price on 04/25. Analyzed on Twitter's fundamentals such as balance sheet and income statement, the stock is very expensive.