Is Twitter’s new owner Elon Musk?

The power of social media is increasing day by day. Now it’s easy to interact with billions of people. Many social media sites promise freedom and ease of communication. Few of them were successful. It’s called Twitter!

The most important factor that makes Twitter so powerful is the free expression of ideas. Moreover, the 140 character limit allows users to express themselves in the best way with short words. There is even a perception that more elite people use Twitter for this reason. Of course, this is a superstition. As with all social media sites, it is possible to find all kinds of people on Twitter.

Let’s come to the issue of Elon Musk and Twitter. Musk has made a name for himself with the investments he has made. Space studies, car manufacturing, crypto money, green energy etc. It seems that it set out to invest in every field that people are interested in. It’s like getting all the attention rather than making money. The basis of this desire is to buy a social media site.

Instagram is owned by Facebook and Youtube is owned by Google. While these companies are quite costly to acquire, the easiest social media site to have among them seems to be Twitter. That’s why Elon Musk has a goal of owning Twitter.

First rejection of Elon Musk’s Twitter offer

He managed to become a 9% shareholder of Twitter without telling anyone. However, his offer for more was not considered sufficient. Moreover, it is very difficult to take this power from the hands of Twitter shareholders, who have billion-dollar fortunes.

Alwaleed Bin Tallal is an investor from Saudi Arabia. He is ranked 45th in the real-time list of the richest people in the world published by the business magazine Forbes, with a fortune of 17.2 billion dollars. He is also a 5% shareholder of Twitter. He was the first to reject Elon Musk’s offer for Twitter shares.

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