Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2023 International Conference on Management Research and Economic Development
Series Vol. 21 , 13 September 2023
Open
Access | Article
Elon Musk’s Twitter Buyout: Game-Changer in Social Media
* Author to whom correspondence should be addressed.
Abstract
The $44 billion acquisition of Twitter is full of drama, according to Elon Musk. It could even serve as a case study for future industry leaders. But Twitter is a complete mismatch with Elon Musk's existing or ongoing business units. At the same time, Musk is trying to enforce his will with a new acquisition strategy that has sent certain messages. He said he was buying Twitter for freedom of speech. By comparing his company's business model to its industry. Twitter as a media platform doesn't fit with Musk's original business landscape, but he has a new acquisition strategy that is getting its message across. Musk's wealth comes largely from his stakes in Tesla and SpaceX. Both companies were funded by private investment and government contracts and have grown and succeeded. Before the acquisition, Twitter had been struggling with financial challenges. Musk may have seen the potential to turn around Twitter's finances, using the platform to influence public opinion and have more control over the narrative on the platform. Elon Musk's acquisition of Twitter highlights the potential impact on a struggling business of a chief executive with a large stake in a number of successful companies. Despite business model mismatches, Musk's experience in growing and growing his company, combined with his belief in the power of social media, could lead to a successful future for Twitter.
Keywords
Elon Musk, Twitter, Tesla, X-space
References
1. Anna Restuccia,Harvard University,Twitter vs. Musk: The Complaint, July 14. 2022. https://corpgov.law.harvard.edu/2022/07/14/twitter-vs-musk-the-complaint/
2. Will Duffield, Google Scholar, Cato Institute, Buyer’s Remorse Isn’t an out of for Elon Musk, July 21. 2022. https://www.cato.org/commentary/buyers-remorse-isnt-out-elon-musk
3. Tomáš Kouba2: The Policy of National Security Year XIII Special Issue 2022. pp. 101-110. https://ips.fsv.cuni.cz/sites/default/files/uploads/files/The%20Policy%20of%20national%20security%20PDF.pdf
4. Christopher Barrie, Google Scholar, Did the Musk Take Boost Contentious Actors on Twitter? December 20.2022. https://arxiv.org/pdf/2212.10646.pdf
5. Md. Rahat Khan, Journal of Global Entrepreneurship Research. A critical analysis of Elon Musk’s leadership in Tesla Motors. December 8,2019/February 28, 2021. pp. 2-3. https://www.researchgate.net/profile/Md-Khan-44/publication/351596595_A_critical_analysis_of_Elon_Musk%27s_leadership_in_Tesla_motors/links/60a128ae92851cfdf3394b91/A-critical-analysis-of-Elon-Musks-leadership-in-Tesla-motors.pdf
6. Andrew Olivier, Google Scholar,The Working Journey of Elon Musk. https://www.theworkingjourney.com/wp-content/uploads/2017/06/The-Working-Journey-of-Elon-Musk.pdf
7. Kai Kupferschmidt, Google Scholar, As Musk reshapes Twitter, academics ponder taking flight. November 11, 2022. pp.583. https://www.science.org/doi/pdf/10.1126/science.adf7189?casa_token=j16zZJHMTTEAAAAA:RxyKJEcN7mJuKElF8RbE0ktu3VYrpUHN6ZWa_JLPY79WjvhbWfNAtxhATo6OGZwI81m6M7gOWFqIsuBp
8. From Wikipedia, Acquisition of Twitter by Elon Musk. https://en.wikipedia.org/wiki/Acquisition_of_Twitter_by_Elon_Musk
9. Snejana Farberov, Conservative satire site Babylon Bee refuse to delete tweet calling transgender Assistant secretary of health Rachel Levine “Man of the year’ despite being blocked from Twitter, March.21 2022. https://www.dailymail.co.uk/news/article-10635519/Babylon-Bee-refuses-delete-tweet-mocking-Rachel-Levine-despite-blocked-Twitter.html
10. John Cassidy, Beware Elon Musk’s takeover of Twitter, October 28. 2022. https://www.newyorker.com/news/our-columnists/beware-elon-musks-takeover-of-twitter
11. Gunther Jikeli,Author Katharina Soemer, CONVERSATIONS about Jews on Twitter: Recent Developments since Elon Musk’s takeover. October 28. 2022. https://isca.indiana.edu/publication-research/social-media-project/Conversations-About-Jews-on-Twitter.-Recent-Developments-Since-the-Takeover-by-Elon-Musk.pdf
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Authors who publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open Access Instruction).
- Volume Title
- Proceedings of the 2023 International Conference on Management Research and Economic Development
- ISBN (Print)
- 978-1-915371-85-0
- ISBN (Online)
- 978-1-915371-86-7
- Published Date
- 13 September 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/21/20230234
- Copyright
- 13 September 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited