Tesla CEO Elon Musk started an attempt to buy social media giant Twitter for $44 billion. A new claim has emerged for the businessman and social platform, which has been on the agenda for a long time. According to the Wall Street Journal, Elon Musk wants to take Twitter to the public within three years.
Famous CEO announced that he will make many innovations after purchasing the social media giant. The businessman announced that fake accounts on the platform would be cleaned and he wanted an identity verification system. After that, many people started to leave the platform by closing their accounts. Let’s take a look at the details of the news together.
Elon Musk wants to make Twitter profitable!
Famous businessman Elon Musk recently met with investors for his plans to make Twitter more profitable. The businessman was also negotiating with investors for the $44 billion he wanted to fund while buying Twitter. However, after the talks, no statement on the subject has yet been made.
According to the emerging news of Wall Streer Journal, Elon Musk told investors that they can make money by going public for the company. Although the exact time is not clear, work will begin after the completion of the acquisitions to offer Twitter to the public. But taking a company public takes a long time.
Elon Musk is said to be very slow in such matters. However, since the subject is Twitter, there is a possibility that business people can act more punctually. Elon Musk’s Twitter acquisitions will continue until October.
Twitter was actually already a public company. But after Elon Musk’s purchase attempt, all the balances changed. The firm will be fully owned by Elon Musk after the completion of the acquisitions.
What do you, our readers, think about this issue? Would you buy shares if Elon Musk took Twitter public? You can express your thoughts in the Comments section or on the SDN Forum.
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