In a viral tweet, the business guru Elon Musk said he didn’t buy Twitter for profit making but rather to help humanity.
The world’s richest man has until tomorrow to complete a $44bn takeover of Twitter or risk going to trial.
Also Read: Breaking News: The CEO & Founder of Supfrica has stopped using WhatsApp.
The new Twitter owner has promised the users that the tech giant company will adhere to the laws of the land. But promised to relax many restricting rules to make freedom of speech as easy as possible.
“I’m excited about the Twitter situation,” Mr. Musk recently said during a call to discuss Tesla’s financial results. Mr. Musk is the chief executive at the electric car maker.
“I think it’s an asset that has just sort of languished for a long time but has incredible potential, although obviously myself and the other investors are overpaying for Twitter right now,” he added.
Read His Tweet
Dear Twitter Advertisers pic.twitter.com/GMwHmInPAS
— Elon Musk (@elonmusk) October 27, 2022
Elon Musk’s Biography
Elon Reeve Musk FRS (/ˈiːlɒn/ EE-lon; born June 28, 1971) is a business magnate and investor. He is the founder, CEO, and chief engineer of SpaceX; angel investor, CEO, and product architect of Tesla, Inc.; founder of The Boring Company; and co-founder of Neuralink and OpenAI. With an estimated net worth of around $210 billion as of October 26, 2022, Musk is the wealthiest person in the world according to both the Bloomberg Billionaires Index and Forbes‘ real-time billionaires list.
Musk was born and grew up in Pretoria, South Africa. He attended the University of Pretoria before moving to Canada at age 17, acquiring citizenship through his Canadian-born mother. Two years later, he matriculated at Queen’s University (Ontario) and transferred to the University of Pennsylvania, where he received bachelor’s degrees in economics and physics. He moved to California in 1995 to attend Stanford University but decided to instead pursue a business career, co-founding the web software company Zip2 with his brother, Kimbal. The startup was acquired by Compaq for $307 million in 1999. The same year, Musk co-founded the online bank X.com, which merged with Confinity in 2000 to form PayPal. eBay bought PayPal in 2002 for $1.5 billion.
In 2002, Musk founded SpaceX, an aerospace manufacturer and space transport services company, and is its CEO and chief engineer. In 2004, he was an early investor in the electric vehicle manufacturer Tesla Motors, Inc. (now Tesla, Inc.). He became its chairman and product architect, eventually assuming the position of CEO in 2008. In 2006, he helped create SolarCity, a solar energy company that was later acquired by Tesla and became Tesla Energy. In 2015, he co-founded OpenAI, a nonprofit research company promoting friendly artificial intelligence (FAI). In 2016, he co-founded Neuralink, a neurotechnology company focused on developing brain–computer interfaces, and he founded The Boring Company, a tunnel construction company. Musk has proposed a hyperloop high-speed vactrain transportation system and is the president of the Musk Foundation, which donates to scientific research and education.
Musk has been criticized for making unscientific and controversial statements, such as spreading misinformation about the COVID-19 pandemic and promoting contentious perspectives regarding politics and various technologies, especially on Twitter. In 2018, the U.S. Securities and Exchange Commission (SEC) sued Musk for tweeting that he had secured funding for a private takeover of Tesla, which the SEC characterized as false and misleading. He settled with the SEC but did not admit guilt, and he temporarily stepped down from his Tesla chairmanship. In 2019, he won a defamation case brought against him by a British caver who had advised the Tham Luang cave rescue. In 2022, Musk agreed to purchase Twitter for $44 billion but later submitted a termination letter of the deal, leading to lawsuits between both parties. However, Musk later rescinded the termination and moved forward with the purchase.
Biography Credit: Wikipedia