Elon Musk May Take Twitter Public

 Elon Musk May Take Twitter Public

Elon Musk Plans Taking Twitter Public

Twitter may again become a public company. Tesla chief Elon Musk saidto investors he plans to make a return the social platform to public markets. He may soon help in issuing IPOs.

Very lately, it was reported that Musk was in talks with large potential investors including individuals with high net worth about financing more for his acquisition which is worth $44 billion.

Twitter is a platform for the exchange of messages among family, friends and coworkers. They stay connected and communicate with others through frequent and quick messages called tweets. The tweets or posts may contain text, links, photos and videos. The messages are posted on the profile of users and simultaneously sent to their followers. The messages are searchable easily on the Twitter search.

Elon Musk is a visionary entrepreneur. He is the co-founder of Tesla electric vehicle manufacturer and the PayPal money transfer platform. He founded SpaceX, The Boring Company and Neuralink. He is currently serving as the CEO of SpaceX as well as Tesla.

He is a popular name in the success stories of many tech companies including SpaceX, Zip2, OpenA, Tesla and PayPal.

Earlier this year, Musk bought 9.1 percent stock of Twitter for $2.64 billion and thereafter became the largest shareholder in the company. Weeks later, on April 14, he acquired the company for $43 billion. However, approval from shareholders and regulators is still awaited.

Twitter was founded in 2008 by Jack Dorsey, Evan Williams, Biz Stone and Noah Glass. It is headquartered in San Francisco, United States. The platform is made available in various languages across the world. It is equipped with over 330 million active monthly users.

Former US president Barack Obama is ranked in the top position for having the most followers. His Twitter account has 131 million followers. The second in the list is Justin Bieber with 114 million and Katy Perry with 108 million followers. Elon Musk is positioned at sixth after Rihanna and Cristiano Ronaldo.

Trending Stories