Tycoon Elon Musk, who has just acquired Twitter for 44,000 million dollars in a resounding operation, plans to put it up for sale again in just three years, according to the newspaper 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 operation will be closed throughout this year, after consulting Twitter’s shareholders and regulators.
Will Musk return the account to Trump? These are his plans to ensure freedom of expression on Twitter
According to the newspaper, Musk is in contact with private investment funds to help him pay the 21,000 million that he promised to contribute as his own funds to acquire the social network, one of those funds being the company Apollo Global Management. It was in these conversations that the billionaire drew up an action plan that included taking the social network public again in about three years.
The objective of the operation, which would remove Twitter from the spotlight for the next few years, is to convince investors that it can rapidly increase the profitability of the social network and thus make it more attractive.
Musk is the richest person in the world according to Forbes, with an estimated fortune of around $250 billion. He has used about 23,000 of them to finance the purchase of Twitter, while the rest comes from his pact with investment funds. The tycoon assures that he “is not concerned at all” about the economic aspect of the operation, and that he is carrying it out because of “the potential to be the platform for freedom of expression throughout the world” that he assigns to the social network.
Official silence on his plans
The billionaire has not given many concrete clues about what he plans to do with Twitter, especially in the financial aspects. But he has hinted that he wants to reduce what he calls “censorship” online, referring to policies to moderate hateful or extremist content. The billionaire leaves clues today that there are “organizations that want to control your access to information”, to which he commented: “Sunlight is the best disinfectant.”
Another doubt about Musk’s immediate decisions is whether he will allow the return to the platform of former US President Donald Trump, expelled from the main social networks after promoting the violence unleashed in the assault on the Washington Capitol in 2021. Musk has He has shown himself against this type of permanent blockade, although he has not been clear about his plans for Trump either. The former president, in any case, has advanced that he does not want to return and is immersed in the promotion of his own platform, very similar to Twitter.