Since launching his original bid in April, Musk has said that owning Twitter is more about preserving the platform as an open venue for “free speech” — not to mention solving its spam problem, which apparently irritates Musk as a heavy user — than about making money. However, over the summer, Musk hinted at a bigger plan for Twitter: turning it into the backbone of a WeChat-style “super app” that acts as an operating system for people’s digital lives.
“Buying Twitter is an accelerant to creating X, the everything app,” Musk tweeted on Tuesday after his lawyers told the social media company he planned to proceed with the purchase at the original price of $54.20 per share. The deal is contingent on debt financing and an end to the bitter months-long legal battle to back out.
https://www.ft.com/content/a149046c-5409-4390-9cf0-bd4c2b17c251