By Antonio Caruso, Grade 5
My article is about Elon Musk buying Twitter. Elon Musk was born on June 28, 1971. He is a 50-year-old South African-born billionaire entrepreneur who serves as the CEO of Tesla, the famous electric vehicle manufacturer, and SpaceX. Musk made an early fortune by founding PayPal in 1999. This happened where Elon Musk lives, which is in Austin. Elon Musk bought Twitter for $43 billion on April 25th, 2022. People said that “Musk pulled out all the stops to secure a deal for Twitter over three weeks that captivated the business world.” (Fortune)
Elon musk wants to buy Twitter because he believes the changes to the platform can only be made if it’s a private company. He also wants Twitter to adhere closely to the principles of freedom of speech. An article says, “This move shows how effective (moderation features) have been to annoy those in power. I would be worried about how this would change twitter’s values.
In the interviews, Elon Musk says that he wants Twitter to adhere more closely to the principles of free speech. In a statement, Musk called “The bedrock of a functioning democracy.” He also wants to “authenticate all humans.” His witnesses are Johnny Depp and Amber Heard.
He says he wants to try and take the social media apps company private. Musk is also selling Tesla shares and putting them up as collateral for personal loans to lain cash, which means that Tesla’s value would be linked to Twitter’s. Any trouble at Twitter could force Elon Musk to draw on his stock in the electric car maker he runs to plug potential holes. And any problem at Tesla that caused its stock to fall far enough could trigger clauses In Musk’s loans that would require him to add more collateral, limiting his ability to invest in Twitter.
Elon Musk has seven children. Elon Musk had a wife in 2000-2008 named Justine Musk and another wife in 2013-2016 named Talulah Riley. Elon Musk’s goal is to open up space for everyone to visit and colonize different planets.