HT TECH wants to start sending you push notifications. Click allow to subscribe

Why did Elon Musk really buy Twitter? Here is TRUTH

Ahead of his $44 billion Twitter acquisition deal, Elon Musk dismissed speculation about why he's buying Twitter.

By: ANI
Updated on: Oct 28 2022, 10:04 IST
Elon Musk dismisses speculation about why he's buying Twitter. Know here. (AFP)

Tesla CEO Elon Musk, ahead of his USD 44 billion Twitter acquisition deal, dismissed speculation about why he'd buy the micro-blogging platform and his thoughts on advertising.

Musk took to Twitter and shared a statement that was captioned, "Dear Twitter Advertisers." It read, "I wanted to reach out personally to share my motivation in acquiring Twitter. There has been much speculation about why I bought Twitter and what I think about advertising. Most of it has been wrong."

You may be interested in

Mobiles Tablets Laptops
7% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
₹148,900₹159,900
Buy now
Google Pixel 8 Pro
  • Obsidian
  • 12 GB RAM
  • 128 GB Storage
₹106,998
Check details
34% OFF
Samsung Galaxy S23 Ultra 5G
  • Green
  • 12 GB RAM
  • 256 GB Storage
₹98,799₹149,999
Buy now
Apple iPhone 15 Plus
  • Black
  • 6 GB RAM
  • 128 GB Storage
₹87,900
Check details
21% OFF
Acer Swift Go SFG14 41 NX KG3SI 002 Laptop
  • Pure Silver
  • 8 GB RAM
  • 512 GB SSD
₹58,999₹74,999
Buy now
39% OFF
Acer Aspire 5 A515 57G Laptop
  • Gray
  • 16 GB RAM
  • 512 GB SSD
₹54,949₹89,999
Buy now
22% OFF
Acer Aspire 3 A315 24 NX KDESI 004 Laptop
  • Silver
  • 8 GB RAM
  • 512 GB SSD
₹33,499₹42,999
Buy now
39% OFF
Asus VivoBook 15 X515JA BQ322WS Laptop
  • Transparent Silver
  • 8 GB RAM
  • 512 GB SSD
₹31,490₹51,990
Buy now
34% OFF
Xiaomi Pad 6
  • Mist Blue
  • 6 GB RAM
  • 128 GB Storage
₹26,299₹39,999
Buy now
55% OFF
Lenovo Tab M10 5G
  • Abyss Blue
  • 6 GB RAM
  • 128 GB Storage
₹20,999₹47,000
Buy now
32% OFF
Realme Pad 2
  • Imagination Grey
  • 6 GB RAM
  • 128 GB Storage
₹19,749₹28,999
Buy now
Honor Pad X9
  • Gray
  • 4 GB RAM
  • 128 GB Storage
₹14,999
Check details

He continued, "The reason I acquired Twitter is that it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence. There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society."

Also read: Looking for a smartphone? To check mobile finder click here.

He said Twitter should be "warm and welcoming to all" and enable users to choose the experience they want to have. Further, Musk told advertisers that he wants the platform to be "the most respected advertising platform in the world."

According to The Verge, this Twitter thread from Musk appears to be a fairly direct response to a report published earlier in the day from The Wall Street Journal that said, "Advertisers are concerned about the billionaire's plans to soften content moderation and what they say are potential conflicts of interest in auto advertising."

Advertising provided for 89 per cent of Twitter's USD 5 billion in revenue last year, noted the WSJ article. While Musk has publicly tossed out ideas about reshaping the service to focus on becoming a WeChat-style everything app and reportedly privately discussed ideas about moving away from advertisers as the main revenue source, any changes in that direction would take time to implement, as per The Verge.

Meanwhile, on Wednesday Musk visited the headquarters of Twitter in San Francisco, and walked the halls of the office carrying the bowl of a sink.

He tweeted a video of him and described his visit as an experience that he was trying to "sink in" as the Tesla CEO has until the end of the week to either close the Twitter deal or face a trial, CNN reported.

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on ,Twitter, Facebook, , and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 28 Oct, 10:04 IST

Sale

Mobiles Tablets Laptops
4% OFF
Samsung Galaxy S24 Ultra
  • Titanium Black
  • 12 GB RAM
  • 256 GB Storage
₹129,999₹134,999
Buy now
7% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
₹148,900₹159,900
Buy now
13% OFF
Xiaomi 14
  • Matte Black
  • 12 GB RAM
  • 512 GB Storage
₹69,999₹79,999
Buy now
10% OFF
Apple iPhone 15 Plus
  • Black
  • 6 GB RAM
  • 128 GB Storage
₹80,590₹89,900
Buy now
38% OFF
Xiaomi Pad 6
  • Mist Blue
  • 6 GB RAM
  • 128 GB Storage
₹24,999₹39,999
Buy now
38% OFF
Lenovo Tab M10 5G
  • Abyss Blue
  • 6 GB RAM
  • 128 GB Storage
₹20,999₹34,000
Buy now
28% OFF
Realme Pad 2
  • Imagination Grey
  • 6 GB RAM
  • 128 GB Storage
₹17,999₹24,999
Buy now
11% OFF
Samsung Galaxy Tab S9 5G 256GB
  • Graphite
  • 8 GB RAM
  • 256 GB Storage
₹96,999₹108,699
Buy now
38% OFF
Acer Aspire 3 A315 24 NX KDESI 004 Laptop
  • Silver
  • 8 GB RAM
  • 512 GB SSD
₹32,790₹52,999
Buy now
38% OFF
Infinix INBook X1 Neo XL22 Laptop Intel Celeron Quad Core 8 GB 256 GB SSD Windows 11
  • Blue
  • 4 GB RAM
  • 128 GB SSD
₹24,990₹39,990
Buy now
29% OFF
Asus TUF Gaming A15 FA566II HN233T Laptop
  • Fortress Gray
  • 16 GB RAM
  • 512 GB SSD
₹53,990₹75,990
Buy now
29% OFF
Asus ROG Strix G15 G513QM HF318TS Laptop
  • Eclipse Grey
  • 16 GB RAM
  • 1 TB SSD
₹83,990₹117,990
Buy now
NEXT ARTICLE BEGINS