Musk was so persuaded to purchase Twitter that he put in a “best and last offer” for the company, reported he had a Arrange B in case that fizzled and met secretly with a few huge Twitter shareholders to persuade them almost his bid.

Musk advertised $54.20 per share for Twitter and sketched out his arrange to secure $46.5 billion to back his bargain. Twitter’s offers spiked Monday morning on reports that the company can be nearing a bargain with Musk.

So why does the world’s wealthiest individual, who as of now leads electric-car company Tesla and aviation company SpaceX, need to purchase the social media company?

Why did Elon Musk need to purchase Twitter?

Return to menu Musk has said he needs to advance free and open discourse on the benefit, which he has said he sees as an basic put for sharing viewpoints.

During a TED meet in the blink of an eye after reporting his offered, he extended on a few of his plans.

“Well, I think it’s exceptionally vital for there to be an comprehensive field at no cost speech,” Musk said. “Twitter has ended up kind of the de facto town square, so it’s fair truly critical that individuals have both the reality and the discernment that they are able to talk unreservedly inside the bounds of the law.”

Musk has not said whether he would alter the lasting boycott on previous president Donald Trump, who was kicked off the location within the wake of the Jan. 6 insurrection final year.

Pundits of Musk’s arrange have communicated concerns that he would permit radical substance on the location, which Twitter and other social media companies battle to completely kill. Musk recognized amid the TED meet that substance balance isn't a clear-cut issue.

He said he thought Twitter ought to be “very cautious with lasting bans,” including that he thought timeouts were better.

“Well, I think we would need to blunder on the, on the off chance that in question, let the discourse, let it exist. But in case it’s a gray range, I would say let the tweet exist,” he said. “But clearly in a case where there’s maybe a part of contention, you’re not fundamentally reaching to advance that tweet. I’m not saying I have all the answers here.”

He repeated that his bargain wasn’t almost making money.

“My strong intuitive sense is that having a open stage that's maximally trusted and broadly comprehensive is greatly critical to long run of civilization,” he said. “I don’t care around the financial matters at all.”