Elon Musk on buying Twitter: Not doing it for the money; important to have extremely reliable means of exchanging ideas

New Delhi: The world’s richest billionaire, Elon Musk, who recently offered to buy Twitter, has revealed that his main reason for buying the social media platform is not just money. A U.S. judge on Thursday stayed litigation in the saga over Musk’s proposed $44 billion takeover of Twitter, giving the parties until Oct. 28 to finalize the recurring mega-deal.

Speaking about his intentions behind one of the biggest takeover deals in recent times, the Tesla boss, in a recent interview, said he’s not doing Twitter for money. Speaking to the Financial Times, the 51-year-old said Twitter was certainly an invitation to raise his pain level when asked if the initial offer to buy Twitter had been a joke.

“I guess I must be a masochist. . . added Musk.

He then added that the main interest behind the acquisition was not just money. It was important for people to have a “maximum trust and inclusive” means of exchanging ideas and to be as trustworthy and transparent as possible, he noted.

“I don’t do Twitter for the money. It’s not like I was trying to buy a yacht and couldn’t afford it. I don’t own any boat. But I think it’s important that people have an extremely trustworthy and inclusive way of exchanging ideas and that it’s as trustworthy and transparent as possible,” Musk said, as quoted by the Financial Times.

The billionaire believes the only alternative was to divide the debate into different social media bubbles, citing former US President Donald Trump’s social truth network as an example. “He (Truth Social) is basically a right-wing echo chamber. It might as well be called Trumpet,” the Tesla CEO said.

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Meanwhile, court papers documenting Musk’s conversations recently revealed his exchange with ex-wife Talulah Riley. Some of Musk’s posts, made private, spotlight posts from a man named “TJ,” who asked the Tesla boss to buy Twitter and then take it down. According to people in the know quoted by Fortune, TJ is Musk’s ex-wife, Riley.

On March 23, TJ asked him, “Can you buy Twitter and then delete it, please?” Xxx. She was apparently concerned about the revival, as she wrote in one of the posts: “Please do something about the revival. I will do anything to help! xx. »