Did Elon Musk take Twitter in an unavoidable situation?

The acquisition of Twitter is making it difficult for Elon Musk the richest man in the world. This huge takeover of 4,400 crores has become a treasure of his personal wealth. As soon as Twitter came into Musk's hands, his net worth (net worth) melted by around $10 billion. Bloomberg Billionaires Index states this. In fact, at one stage, Musk thought to say goodbye to the Twitter deal. They looked to say goodbye to the deal in the name of bogus accounts. Musk had to buy Twitter as a matter of necessity as Twitter dragged this matter to the court and made a fuss.

Problems from the beginning since the announcement

Elon Musk announced in April this year that he is going to buy Twitter for 4.4 billion dollars at a price of 54.2 dollars per share. Wall Street was suddenly shocked that this is the price for Twitter whose income is falling. There have been reports that Tesla will sell some of its equity shares to raise the necessary funds for the acquisition of Twitter. Tesla's shares were eclipsed by the news. Tesla shares are still trading down 35 percent from this year's high. If we include this loss, the value of Musk's personal wealth this year has been wiped out by 6.6 billion dollars.

$12 crore for Parag and Vijaya

Although the purchase of Twitter brought loss to Elon Musk, it was good for the company's CEO Parag Agarwal, and policy Chief Gadde Vijaya. Musk removed them from their existing jobs. As a result, they have to pay up to 12 crore dollars as compensation. It is estimated that 6.7 crore dollars will be given to Parag Agarwal and 5.47 crore dollars to Gadde Vijaya.

Possible changes expected from users

Twitter has around 396.5 million users around the world. Though it has far behind popular social media platforms like Facebook and Instagram which have billions of users, Twitter has loyal and active users. Soon after Musk’s takeover of Twitter users are expected the below changes from new management:

·         Providing the EDIT option

·         Restricting or controlling FAKE accounts using bots

·        To what extent will allow Free and Fair expression of the opinions

·        Tweet can contain up to 280 characters or Unicode glyphs. Can the new management increase the 

        size of the characters?