Elon Musk's provide to purchase Twitter for $43 billion is now being severely thought-about by the social media platform's board after the billionaire secured the required funding on Thursday.

When the billionaire first made his provide on April 14, the potential for seeing the Tesla CEO on the head of Twitter nonetheless appeared fairly far-fetched. Greater than every week later, the tables have turned, and Twitter is claimed to be set to just accept the provide, Musk's "finest and closing," as he mentioned.

However why is Musk so decided to purchase Twitter anyway?

Elon Musk Twitter
Elon Musk's bid to purchase Twitter is reportedly set to be accepted quickly. Musk, proven above, mentioned he needs to purchase Twitter to resolve what he calls free-speech points with the corporate.BRENDAN SMIALOWSKI/AFP through Getty Pictures and Canva

Musk is an avid—and controversial—consumer of Twitter, amassing greater than 83 million followers.

On high of his huge presence on the platform, Musk additionally turned the corporate's largest shareholder earlier this month, with the acquisition of a $2.9 billion stake within the firm. He was then provided a seat on Twitter's board, which he unexpectedly refused.

However within the lead-up to his bid to purchase the platform, Musk had not too long ago been fairly vital of the corporate, questioning whether or not Twitter is doing sufficient to guard freedom of speech on its app. In a Twitter ballot on March 25, he requested customers in the event that they thought Twitter was doing sufficient to stick to the precept, and 70.4 p.c of respondents answered that the platform wasn't doing sufficient.

"Provided that Twitter serves because the de facto public city sq., failing to stick to free speech ideas basically undermines democracy," Musk wrote a day later, asking if a brand new social media platform was wanted to interchange Twitter.

"Purchase and delete it," answered one consumer. Musk positively listened to the primary a part of this message.

In current weeks, Musk has proposed adjustments to Twitter together with the introduction of an "Edit" button, dropping adverts (that are how Twitter makes income), easing its content material restrictions, and an answer to the platform's downside with pretend and automatic accounts.

Most of Musk's intentions for Twitter come within the type of somewhat unclear tweets.

"If our twitter bid succeeds, we'll defeat the spam bots or die making an attempt!," Musk tweeted on April 21. "And authenticate all actual people," he added.

"A social media platform's insurance policies are good if probably the most excessive 10% on left and proper are equally sad," he tweeted on April 19.

Twitter presently has the ability to droop accounts for violating its content material normal, together with posting content material together with hate speech, misinformation, and inciting violence. Former President Donald Trump was banned for all times from Twitter after the assault on the U.S. Capitol in 2021, and the Libs of Tik Tok account was twice suspended for "hateful conduct."

It's nonetheless unclear how Musk will truly change the platform if Twitter's board accepts his bid to purchase the corporate.