Elon Musk Is Buying Twitter: What Business Leaders Can Learn from Musk’s Moves
The business world has been captivated by the series of events happening around one of the world’s leading social networks, Twitter. From Elon Musk becoming the highest shareholder in the company to his move to acquire the organization, everyone is eager to know what an Elon Musk-owned Twitter would look like.
Buying Twitter, which sounded as though it was never going to happen, is becoming a reality as it has been confirmed that the tech billionaire has?reached a deal?with the Twitter board. We will take a look at all you need to know about the deal and the business lessons you can glean from Musk’s smart moves.
Elon Musk Is Buying Twitter for Roughly $44 Billion
Elon Musk has acquired one of the most popular and strategic social networks, Twitter. The move to buy the platform came after he first became the largest shareholder in the company. Elon Musk, the world’s richest man, reached an agreement to buy the platform for $54.20 per share on Monday, April 25, 2022. The company is valued at roughly $44 billion.
People expect Musk’s acquisitions to come with revolutionary changes that would rid the platforms of some not-so-good policies. Even though Musk has hinted at changes he intends to effect on the social network, there are no clear actions to that effect yet.
Musk referred to Twitter as?“the digital town square where matters vital to the future of humanity are debated”?in a?statement?released after the deal was struck. He also added that he looks forward to harnessing the social network’s tremendous potential.
Twitter is likely going to become a private company when Musk finally becomes the owner. According to him, the changes he wants to effect on the platform can only be done if the social network is a private organization.
Major Changes that Musk Wants
Musk’s?tweet?suggests that Twitter stifles free speech and engages in “censorship”. He has hinted that he would make changes to preserve free speech and alter Twitter’s content moderation policies.?“I hope that even my worst critics remain on Twitter,”?Musk said in a Tweet.?“Because that is what free speech means,”?he added.
Some other changes he wants to make include:
What Business Leaders Can Learn from Musk’s Twitter Acquisition Moves
Elon Musk, aside from being the richest man in the world, is known for his record-breaking innovations and business moves. A critical analysis of his recent Twitter acquisition business moves reveals the following lessons every business leader should consider:
Musk has shown once more how much of a good strategist he is. Offering to buy Twitter is believed to be the last part of Musk’s strategic planning and execution towards acquiring the company.
We think that becoming the largest shareholder in the company was pivotal to his moves. In a nutshell, he knew that purchasing the platform was not going to be easy; so, he took his time to plan and execute strategically.
Looking at his proposed or intended changes on the platform, Musk is leveraging Advanced Digital Innovation Experience to get users excited about his takeover and also set the pace for massive success. Every major change is geared toward solving problems that are plaguing the platform.?The question is, how important is digital innovation experience?
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How Can Advanced Digital Innovation Experience Help You Grow Your Business?
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Conclusion: Why is Advanced Digital Innovation Experience so Important in 2022?
Musk thinks that Twitter has tremendous potential that is untapped and requires some major changes. Hence his move to acquire the company and the innovative changes he intends to make. This is 2022 and a lot has changed in the world of business. You need more to thrive!
Any company that fails to innovate risks going out of business. And not every organization will be lucky enough to be acquired by a smart billionaire. If you want to thrive competitively in 2022, you need digital solutions to improve your offers, business processes, and overall strategies.
Here at Bredec, we can help you build and implement futuristic digital solutions you need to be crisis-ready and stay consistently ahead of the curve. We specialize in emerging technologies. Leverage our offers to implement hyper-secure, future-fit industry 5.0 solutions. Innovative digital experience teams at Bredec assure you of products and solutions tailored to your business needs.
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Contributors;Gray Oshin (content creator), Melanie Matt (concept and strategy) & Nilesh Bhagwat Jamale (Head of Advanced Digital Innovation Experience)