American entrepreneur Elon Musk announced that he bought Twitter. He wrote, addressing advertisers, that he made this decision not for profit, but to maintain a safe platform for communication on the Internet and in order to avoid a split in social networks and media.
“Dear Twitter advertisers, I wanted to personally speak to you about my motivation for acquiring Twitter. There has been a lot of speculation about why I bought Twitter and what I think about advertising. Most of them are wrong,” Musk writes. “I acquired Twitter because it is very important for the future of civilization to have a common digital city square where a wide range of beliefs can be discussed in a healthy manner without resorting to violence.”
According to Musk, there is a big risk that social networks will operate as "far-right and far-left echo rooms", generating hatred that divides society.
In fact, the acquisition of Twitter is not yet closed, but this is a formality. The Wall Street Journal reported on October 26, citing sources, that banks have begun transferring $13 billion to an escrow account (a special account for secure settlements between a buyer and a seller). According to newspaper sources, this indicates that the deal will be closed in the near future.
Bloomberg reported that the businessman, in a conversation with bankers, noted that he plans to close the deal to buy Twitter by October 28.