Elon Musk claims he has acquired Twitter ‘to help humanity’ | Elon Musk

Elon Musk claimed he had ‘acquired Twitter’ in a post on the social network reassuring advertisers that it would remain a safe place for their brands, amid fears that one of his first moves as chief executive or to restore Donald Trump’s account.

After months of uncertainty about whether or not its $44 billion acquisition of the social media platform would go aheadTesla chief executive’s job is the strongest acknowledgment yet that the deal should be sealed before the 5 p.m. deadline in Delaware on Friday.

Musk wrote in a statement attached to the tweet“The reason I acquired Twitter is that it is important for the future of civilization to have a common digital public square, where a wide range of beliefs can be debated in a healthy way, without resorting to violence.”

He added: “That’s why I bought Twitter. I didn’t because it would be easy. I didn’t do it to make more money. I did it to try to help humanity, which I love.

Despite his past use, he did not legally own Twitter at the time of publication and the company continued to trade on the New York Stock Exchange. The final documents should be completed by Friday afternoon.

He posted the tweet a day after visiting the company’s headquarters in San Francisco and posting a video of himself entering the building while carrying a sink, with the caption: “Entering Twitter headquarters – leave -sink it!” On Wednesday, Musk also changed his Twitter handle to “Chief Twit.”

In a sign of market confidence in continued buying, shares of the platform rose 1% on Thursday to $53.90, near the $54.20 agreed unit price.

However, Musk’s memo also highlights the long-term payoff of his aggressive negotiations, which saw him bashing the user numbers published by Twitterand promise an almost unrestrained experience after purchase.

Although Musk is the richest man in the world, Twitter’s income will have to remain high, even as a private company: the loans he took out to buy it will result in an interest bill of around 1 billion dollars a year, which it will have to pay out of the platform’s profits.

Musk said in his tweet: “There is a great danger right now that social media will split into far-right and far-left echo chambers that are generating more hate and dividing our society… That said, Twitter cannot obviously not become a landscape of hell free for all, where everything can be said without consequence!

“In addition to respecting the laws of the country, our platform must be warm and welcoming for all, where you can choose the experience you want according to your preferences, just as you can choose, for example, to see films or to play to video games ranging from all ages to maturity.

He added, “Fundamentally, Twitter aspires to be the world’s most respected advertising platform that builds your brand and grows your business. To everyone who has collaborated with us, thank you. Let’s build something extraordinary together.

Although Musk didn’t acknowledge it, the post was apparently inspired by an earlier report in the Wall Street Journal suggesting that advertisers viewed Trump’s return to the site as a “red line.” A dozen agency clients had issued orders to suspend all advertising on Twitter if the former US president’s account was reinstated, the newspaper reported.

In a now-deleted tweet sent in April, just after his first offer to buy Twitter, Musk wrote that his plans for the platform included “no advertising.” He wrote, “The power of corporations to dictate policy is greatly increased if Twitter depends on ad dollars to survive.”

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