Why Does Musk Want To Buy Twitter. Elon Musk wants to open up the black box of artificial intelligence technology propelling Twitters feed so there is more transparency about why some tweets go. Its not a wildly profitable company.
Like other billionaires Musk cant resist the siren call of owning big media. A Musk-run Twitter is unlikely to be any more functional than it is now. Mr Musk insists it isnt because he wants to make money from the social media platform.
By April 4 he was the companys biggest shareholder with a 9 stake.
Tesla CEO and billionaire Elon Musk is ratcheting up his efforts to buy social media platform Twitter NYSE. After accepting and then turning down a seat on Twitters board of directors a position that would limit the number of shares he could own in the company Musk made an offer to buy Twitter outright. Musks unsolicited bid. This is USD 5420 per share about 38 more than what he paid for his stock in the company before it was revealed that he had bought a fair chunk of the company.
