Shulou(Shulou.com)05/31 Report--

As early as last week, Elon Musk shocked the world. This time, however, it has nothing to do with Tesla cars, SpaceX rockets or satellites. The same form has nothing to do with making superhero armor. Instead, the world's richest man surprised us by buying a 9 per cent stake in Twitter cake. Weibo remains one of the most successful social media platforms. However, the big shot behind it encountered some problems when trying to profit from the platform. So, what is Elon Musk's big goal on this platform? He is certainly a man who is very careful before making an investment and is famous for making the company successful from scratch.

In Sunday's announcement, the simple fact that Elon Musk became Twitter's largest shareholder was enough to lift the platform's share price from $39.31 to $49.97. By the end of this week, however, we saw a sharp drop of about 7.5% compared with Monday's price. Elon Musk invested $2.6 billion and is now worth about $3.7 billion, or just 1 per cent of its assets. Interestingly, this is a major turning point for Musk's usual investment. He has become the biggest investor in the company, even surpassing Jack Dorsey. Dorsey is one of the founders of Twitter and owns 2.3 per cent of Twitter.

There has been a lot of speculation since he was acquired. After all, what are the important reasons behind Elon Musk's new acquisition? Especially when this acquisition is completely different from his main company. One speculation is that Musk intends to give access to a Twitter account that has been banned. The investor posted a survey on his account to introduce the possibility of correcting donations. He also conducted a curious poll on his Twitter account about the sale of $10 billion of shares in Tesla.

From a financial point of view, the Twitter report expects sales of $7.3 billion in 2023. However, the business model may change, so the accuracy of this estimate is a big problem. Recently, Twitter launched a paid service, ​​ "Twitter Blue", which will provide exclusive features for subscribers. So far, it is not clear whether Twitter fans are paying a monthly fee for the new feature. Musk also tried the possibility of editing buttons on Twitter, and soon after, we saw the company teasing this feature. Twitter may evolve into a completely different platform in the future, perhaps with more freedom. After all, Elon Musk has been criticizing social media platforms because of their lack of freedom.

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