NEWS

ELON MUSK PURCHASES TWITTER
06-01-2022
Elon Musk bought Twitter

The big purchase followed by everyone in the world took place. Elon Musk, the CEO of giant companies such as Tesla and SpaceX, bought Twitter for $ 44 billion. Twitter has officially confirmed that it has been sold. Elon Musk seems determined to make Twitter a very special company.

Elon MUSK: “Freedom of expression is the cornerstone of a functioning democracy, and Twitter is the digital town square where issues vital to the future of humanity are discussed. I also want to make Twitter better than ever by enhancing the product with new features, open source algorithms to increase trust, defeating spam bots and authenticating all people. Twitter has enormous potential. I look forward to working with the company and the user community to bring it out,” Musk said in his press release.

Musk stated that the idea lies in ensuring that Twitter remains a reliable Democracy platform. These points, which Musk has frequently underlined in his recent tweets, give the impression that Twitter will be a much more liberal and democratic place in the hands of the richest person in the world than it is now. But, according to experts working on the social media industry, the opposite nightmare scenario awaits hundreds of millions of Twitter users and the rest of the world.

So who is Elon MUSK?

Elon Reeve Musk, also known as Elon Musk, is an engineer and entrepreneur. Elon Musk is a citizen of South Africa, Canada and the United States. He is the founder of SpaceX and co-founder of Tesla Motors and PayPal. SpaceX CEO and Chief Designer; He serves as President, CEO and Product Designer at Tesla Motors. Musk is also the president of SolarCity.

After leaving Queen's, he went on to pursue a BA in economics at the Wharton School of the University of Pennsylvania and a BA in physics from Penn's School of Science and Arts. Musk's mother is Canadian and his father is South African. At the age of 12, he made his first software sale and sold his own space game called Blastar for around $500.

He moved from Bryanston High School to Pretoria Boys' High School and graduated. In 1988, at the age of 17, he left home to avoid serving in the South African Army: "I had no problem serving in the Army, but serving in the South African Army and trying to suppress black people didn't seem like a duty to me. It's good to pass the time." one way." He wanted to move to the United States and said, "There, amazing things are possible."

In 1992, after spending two years at Queen's University in Kingston, Ontario, he left Canada to study business and physics at the University of Pennsylvania. Choosing his major at the Wharton School at the University of Pennsylvania, he earned a BA in Economics. He also earned a minor in physics from the University of Pennsylvania College of Arts and Sciences. He later moved to California's Silicon Valley region to pursue a PhD in Applied Physics and Materials Science. However, she did not complete her doctorate.

Musk founded X.com, an online finance and payments service, in March 1999. The following year, X.com acquired Confinity, an auction system the same size as X.com, in a 50/50 merger agreement to form PayPal. Musk played an important role in arranging the purchase because of his belief in online transmission, or "P2P" technology. Musk said the Confinity sub-brand is an important tool for building and developing a person-to-person payment platform within X.com. The combined company initially chose X.com as the company name, but changed it to PayPal Inc in February 2001. They got this name. Musk was once again instrumental in separating PayPal from its global payments system and X.com's core financial product. PayPal's rapid growth is largely the result of Musk's online growth campaign. In October 2002, PayPal was acquired by eBay for $1.5 billion in stock. Before the sale, Musk was the company's largest shareholder, holding an 11.7% stake in PayPal.

Musk founded his third company, Space Exploration Technologies (SpaceX), in June 2002. He is currently the CEO and CTO of the company. SpaceX is a company that develops and manufactures launch vehicles, focusing on the advancement of rocket propellant technology. The company's first two launch vehicles were the Falcon 1 and Falcon 9 rockets; The first spacecraft was Dragon.

Musk first hired Martin Eberhard as CEO and invested almost all of his manager in Tesla's first two rounds. Musk was forced to take over as CEO after Tesla had to cut jobs during the 2008 economic crisis.

Tesla Motors first produced the Tesla Roadster, an electric sports car, and has sold approximately 2,500 units in 31 countries. Tesla delivered the first four-door sedan Model S on June 22, 2012, and launched its third product, the Model X, targeted at the SUV/minivan market, on February 9, 2012. Production of the Model X is scheduled to begin in 2014. In addition to its own vehicles, Tesla supplies Daimler with the Smart EV and Mercedes-Benz A-Class; Toyota sells electric motors and powertrains for its future RAV4. Also, Musk managed to bring both companies to Tesla as long-term investors.

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