Analysts claim that Twitter is not averse to be governed by billionaire Elon Musk

Analysts claim that Twitter is not averse to be governed by billionaire Elon Musk ...

As tenacity as possible to access Elon Musk''s wealth, Twitter isn''t eager to be ruled by a billionaire who is famous for shooting from the hip, and has little respect for the consequences.

The worldwide one-to-many messaging platform is moving to halt Tesla CEO from getting his hands on all of Twitter''s outstanding shares, indicating that worries about where he would lead the company outweigh the paidoff.

"It''s management, the board, that feels something is wrong," said an endpoint Technologies analyst. Roger Kay. "Musk is essentially an autocrat; his libertarianism has a twinge of far right politics to it."

Musk, the world''s richest person and a controversial and frequent user of Twitter himself, made an unsolicited offer of $43 million (roughly Rs. 327.880 crore) for the social media network, citing improved speech as a motivation.

Twitter is valued at $54.20 per share above the closing price ahead of his bid, but it has dropped to $77.06 (roughly Rs. 5,800) as of February last year.

The board of directors of Twitter approved to swallow a "poison pill," according to which any acquisition of over 15% of the firm''s stock without its approval would trigger a strategy to flood the market with shares, thus making a buyout much easier.

  • Elon Musk Tweets Cryptic Phrase Days After Twitter Buy Offer

Musk owns more than nine percent of the company, making him the company''s largest shareholder.

The billionaire went on to tweet "Love me tender," an Elvis Presley song title some took to say he is contemplating deciding whether to sidestep the board and sell his "tender" directly to shareholders.

"I believe he is running with scissors," said an analyst at Enderle Group. "Poor impulse control and excessive money are not a good relationship."

Is there any right-wing Twitter on the internet?

Musk has said that he would like to lift the veil on the platform''s algorithm, even allowing users to look through it and suggest modifications.

He advocates a hands-off approach to police content, a tricky situation, particularly in high-profile situations like Donald Trump, who was banned following the attack on the Capitol by his supporters as they tried to reverse the outcome of the US election last year.

"Musk believes he will transform Twitter into a social media platform with no moderation; there have been several of them, but they do not work," according to an analyst. Enderle Group Group.

"Trolls take over, they become too hostile and drive people away from the platform."

Attempts to make "right-wing Twitters" have failed to gain ground, according to the analyst, giving examples such as Parler and Trump''s own social network.

Because of a lack of remuneration, Musk has stated that he is averse to prohibiting people from using Twitter, provoking others to believe that if he owned the platform, he would permit Trump to return.

Musk''s actions include mocking a Tesla whistleblower and pledging a rescue worker who described flaws in the Tesla chief''s attempt to rescue children from a flooded cave in Thailand several years ago, as "pedo guy."

"Musk is not exactly a free speech advocate," Enderle said.

"I think he just refuses to be told ''no'' by him."

Carolina Milanesi, a noted Creative Strategies analyst, believes Musk''s Twitter vision is lean.

"I don''t think anyone would argue that everything Elon Musk does for himself," Milanesi said.

"You hear at Tesla of racism, a lack of unions, and the way employees are treated, but it doesn''t seem to me that his priorities are in the right place."

Regulated wrath

The Twitter board is likely to be concerned about how Musk''s transfer to the company might intensify pressure to combat misinformation on social media platforms.

"Twitter may be thinking about what regulators will do if Musk takes over," Milanesi said.

"Twitter has already had enough scrutiny, and they will have more if Musk buys it."

Forbes estimates the serial entrepreneur''s net worth at $265 billion, but the majority of Musk''s income comes from Tesla, the company he operates.

Moody''s estimates it would cost Musk $39 billion (roughly Rs. 297400.62crore) to purchase all of its current Twitter shares, and that there would be a "solid chance" that he would have to repay or refinance the company''s billions of dollars in debt.

Rumors suggest that Musk is contemplating collaborating with a deep-pocketed partner are circulating.

Not all analysts were pessimistic, with some pointing to Musk''s record as a key player in his Twitter run.

According to RiskSmith''s CEO, "You cannot negate what Musk has done."

"I think he might revolutionize Twitter," says the author.