May 27, 2022

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Elon Musk just bought Twitter and was already planning to sell it in three years

Elon Musk just bought Twitter and was already planning to sell it in three years

Billionair Elon Muskthat just got on the social network Twitter for $44 billion In an infamous operation that has been world news for several days, plans Put it up for sale again in just three yearsAccording to the Wall Street Journal (WSJ). The newspaper, which cites sources familiar with the matter without giving details, adds that the agreement to close the future sale will close throughout this year, after consulting with Twitter shareholders and regulators.

According to Al-Misk newspaper Connected to private investment funds To help him pay the $21,000 million he promised to contribute as his own money for the acquisition of the social network, Apollo Global Management is among the funds.

The objective of the operation that will take place Taking Twitter out of the spotlight for years to comeIt involves convincing investors that you can quickly increase the profitability of a social network and thus make it more attractive.

musk He didn’t give many concrete hints of what he was planning to do With Twitter, outside the financial aspects, but it has hinted that it wants to reduce what it calls “censorship” of the network, in reference to the policies of moderation in hateful or extremist content. The billionaire tweeted today that there is “Organizations that want to control your access to informationTo which he commented: “Sunlight is the best disinfectant.”

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