Elon Musk initially resisted buying Twitter. But he had to comply after the social media giant dragged him to court last year. The acquisition was finalized in October last year for $44 billion. Since then, Musk has struggled to generate profit for the micro-blogging site.
Recently, the 51-year-old billionaire talked in detail about how it has been for him to manage Twitter. He stated that it has been “quite painful.” This has sparked speculations that Musk might be planning to sell the company. So let’s find out in detail what he said and if he will sell it.
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Elon Musk Says He Was Forced To Buy Twitter
In an interview with BBC, billionaire Elon Musk talked in detail about his Twitter acquisition. “It’s not been boring. It’s been quite a rollercoaster,” he said. He also said that the workload has been “quite stressful over the last several months“.
“The workload means that I sometimes sleep in the office,” he said. The Tesla CEO also stated that he was forced to buy the company with legal action. “Not at that price“, Musk said when being asked if he would have bought it if there was no pressure.
When asked about the massive layoffs, Musk said that the company would have gone bankrupt if they “hadn’t cut costs immediately.” “This is not a caring uncaring situation, if whole ship sinks then nobody’s got a job“, he explained. Musk also said that he would sell it if he finds the right person.
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Musk Is Also Against Banning Tiktok
In the same interview, Musk was asked about his views on the video-sharing app Tiktok. The US government has been planning to ban the app over security concerns because of its Chinese ownership.
Several countries have already banned the app for general use or from the devices of government employees. Musk said that he is not in a favor of the government’s plan to ban it.
“I’m generally against banning things,” he said. However, Musk admitted that it would directly benefit Twitter because then more people who were earlier using Tiktok, would spend more time on his platform.
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