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Elon Musk has purchased ownership of Twitter. He has acquired the ownership of Twitter under the value of $44billions. Musk said that in future, he will try to make Twitter an open and free speech platform where he will allow the user to share their own thoughts and opinions without any restrictions. The platform was created by Jack Dorsey, Evan Williams, Biz Stone, and Noah Glass in March 2006. Later in the same year, in the month of July, they introduced it to the citizens. By the year 2012, more than 100 million people had joined Twitter.

Why Did Elon Musk Purchase the Ownership of Twitter?

Elon Musk has his own social and political beliefs in buying the authority of Twitter. In a report, it is written that Musk said that he doesn’t think that Twitter is running in such a way that it should be. He is also trying to use Twitter to expand his business activities. He said that he sees lots of potential in tweeting on Twitter and optimizing those tweets to promote his businesses and ideas. Elon Musk said that he can increase his business profit by owning Twitter. He is also planning to restore the account of Ex American President Donald Trump under his ownership.

The Actual History of Twitter

The idea of developing Twitter came up with the podcasting venture Odeo. It is an online podcasting platform that allows its users to listen and to watch the audio and videos. This platform also helps its users to create their own audio and video. Odeo was first founded in 2004 by Evan Williams, Biz Stone, and Noah Glass in 2004. In 2005, Apple said it will provide podcast services to its digital platforms like I-Tunes. It was difficult for Odeo to compete with Apple. So the employees of Odeo were asked to create new projects to compete with the companies like Apple. Jack Dorsey, an engineer in Odeo, came up with the idea to launch the SMS app to share small messages, information, and news with friends. He named those SMS “Tweet”. Jack Dorsey completed his first tweet (Just Setting up my twittr) and introduced the first version of Twitter in July 2006. As Twitter was a free SMS service platform, so it was difficult to raise revenue from it. So Jack Dorsey decided to collect revenue by taking advertising fees from the advertisers who wanted to promote their services via Twitter.

Recap

Elon Musk, the new owner of Twitter, has turned it into a private platform from a public platform. There are some personal reasons why Elon Musk has purchased Twitter for $44 billion. Till now, he hasn’t revealed those personal reasons. You need to wait some more time to learn the reasons behind it.