Elon Musk is a ‘crazy and curious billionaire’ who is not afraid to trial reasonable and unreasonable ideas. Afterall, it is either he is successful or he fails. He definitely relishes this.
Look at his various businesses, they are all hinged on ‘mad’ ideas. Tesla, a business that is accelerating the world’s transition to sustainable energy with electric cars, solar and integrated renewable energy solutions for homes; The Boring Company, a transport system that involves moving commuters through underground tunnels in Tesla vehicles; SpaceX, a firm that designs, manufactures and launches advanced rockets and spacecraft; Starlink, a firm developing a low latency, broadband internet system to meet the needs of customers across the globe and there is Neuralink, a company developing ultra high bandwidth brain-machine that interfaces to connect humans and computers. In other words, the company is building technology to place chips inside the human brain. These ideas no be here oooo.
His Boring Company even developed a Flamethrower that he called Not a Flamethrower 😂😂😂. He launched it in 2018 and 20,000 units were sold before he halted the project.
From the entrepreneurial journey of Elon Musk, you would have observed one unique trait about him-he loves to build extraordinary businesses based on technology and innovation. He is not scared. In addition to this, he loves to invest and he knows how to play the investment game. There is the cryptocurrency part of Musk.
His Split Personality Business Disorder is grand. He displays this disorder to his over 80 million Twitter followers.
On March 26 2022, he responded to a tweet asking if he would consider building a new social media platform saying am giving serious thought to this.
From that moment, Elon Musk refined and redefined this idea. The playbook was if he could capture and control Twitter, there won’t be any need to build a new social media platform.
The first item on the Twitter Control playbook was to acquire a stake in Twitter. He bought 9.2% reportedly worth $2.89 billion. This made him the majority shareholder of the social media platform then.
Musk currently owns 73,486,938 shares in the social media platform as of 14 March, according to the Securities and Exchange Commission.
With this control, Elon Musk unveiled his unofficial plans for Twitter and at the same time threw shades at the Jack Dorsey founded company.
Subsequently, Musk was named to the board of Twitter. Days later, we reported that he won’t be joining the board for no particular reason.
Since he rescinded his right to join the board, he decided to outrightly buy company 😲. Twitter has therefore promised to examine the world’s richest man’s bid.
Even Musk is unsure of his $43 billion bid for Twitter as he fears that if questions were raised about how the billionaire might fund the deal it might fail. “I’m not sure I will actually be able to acquire it,” Musk, 50, conceded at an event in Vancouver.
While he was attempting to purchase the social media firm, funds held by Vanguard Group recently upped their stake in the social-media platform, making the asset manager Twitter’s largest shareholder and bumping Musk out of the top spot.
Vanguard disclosed on April 8 that it now owns 82.4 million shares of Twitter, or 10.3% of the company, according to the most recent publicly available filings with the U.S. Securities and Exchange Commission.
Between Elon Musk and Twitter, it’s difficult to predict who will win this game. What we definitely know is that Musk has the money and followers. He wields so much power and influence to decide the future of Twitter. As a result, he wants the shareholders and not the board to make the decision on his offer. To this end, it simply depends on whether the social media platform will accept or reject it.
