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Billionaire Elon Musk bought Twitter: I bought it to help humanity

SpaceX and Tesla CEO Elon Musk has officially announced that he has bought Twitter. The billionaire businessman, the richest person in the world, addressed the advertisers in his first statement and said, “I bought it not to make money, but to help humanity.”

Elon Musk, CEO of Tesla and SpaceX, announced that he has acquired Twitter. Making a statement on social media, Musk also made a post titled “Dear Twitter Advertisers”. In his post, Musk pointed out that there was a lot of speculation about the reason he bought Twitter and what he thought about the ads, noting that most of them were wrong. Musk stated that traditional media fueled polarization in anticipation of financial returns, but in doing so he missed the chance for dialogue.

Elon Musk

“I DO NOT BUY FOR MONEY”

Noting that he took Twitter for this reason, Musk said, “I didn’t do it because it would be easy. I didn’t do it to make more money. I did it to help humanity.” aforementioned.

SHARES RISE AGAIN

In the news in the US press, it was reported that the banks, which provided approximately $ 13 billion in financing for Musk’s purchase of the social media platform, are preparing to finalize the loan agreement. Twitter shares rose to $53.18 after this news, approaching Musk’s purchase price of $54.20. Musk gave Twitter a price of $54.20 per share in April, meaning a total of $44 billion in sales.

Gül Demirci

Hello, I am Gul, I write content for Expat Guide Turkey every day. Don't forget to check it out!

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