Why Did Elon Musk Buy Twitter For 44 Billion Dollars In April 2022?

 The most influential social media platform as far as politics, society and humanity is concerned has just struck a deal with the world's richest man and Tesla boss Elon Musk. There's a long list of reasons why this happened, We might not be able to pin point a reason but here's what we know.

In an official announcement by Twitter, Stake holders will receive an agreed mount of  $54.20  per share they own in cash, amounting to a whooping 44 billion dollar bill to make the bird app private. 

In less than a fortnight after musk offered to buy the company by sending a message to the managing board, Twitter is now part of the companies ruled by Elon Musk.

It can be said that for a moment, one would think that the gesture made by Musk to buy twitter was a joke. Lack of finance details left many questioning  the authenticity and source of the funds to be used in acquiring the multi billion dollar company. But it was no joke as he has vowed to allow more freedom of speech on the app, promising his worst critics more tweet time as has strangely had time for them in the past. 

In a regulatory filing, Musk said Morgan Stanley, Bank of America, and several other banks promised to lend $25.5 billion, backed in part by some of Musk's Tesla shares, and that he would provide up to $21 billion in cash.

Reaching a $70 per share margin, the Twtr stocks depreciated to $40 and was a major concern of the share holders for sometime now. Promising them a $54.20 share was really appealing. Starting January 2022, Elon Musk has been in the business of acquiring Twitter shares, owning over 9% before this enormous  offer.

Musk has always been an opposition to the constraints users face within the app, calling for a review of it's policies and content management. Including what users are allowed to post.

Quoting him, he said "Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,"

No doubt with Mr musk in charge, this digital space might just get more digital as he is a crypto enthusiast, not forgetting the current NFT and Meraverse hypes. Indeed he might just be the man for the job at this moment.

Parag Agrawal, Twitter's CEO, said, "Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important."

Now over to you, Why do you think Mr Musk bought the prestigious bird app?