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Elon Musk issues statement explaining why he acquired Twitter

Home> News

Updated 14:29 27 Oct 2022 GMT+1Published 14:20 27 Oct 2022 GMT+1

Elon Musk issues statement explaining why he acquired Twitter

Musk reached an agreement to buy Twitter earlier this year

Emily Brown

Emily Brown

Elon Musk has released a statement explaining why he first chose to buy Twitter following his attempts to back out of the deal.

To no one's surprise, the SpaceX CEO took to Twitter itself to share his reasoning in a statement posted online today (27 October), which he captioned: "Dear Twitter Advertisers."

The lengthy statement explained that he wanted to 'reach out personally' to explain the reason he decided to buy the company following 'much speculation', 'most' of which he claims has been 'wrong'.

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Musk took to Twitter to explain his thought process.
@elonmusk/Twitter

Musk wrote: "The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence. There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society.

"The relentless pursuit of clicks, much of traditional media has fuelled and catered to those polarized extremes, as they believe that is what brings in the money, but, in doing so, the opportunity for dialogue is lost.

"That is why I bought Twitter," Musk explained.

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"I didn't do it because it would be easy. I didn't do it to make more money. I did it to try to help humanity, whom I love. And I do so with humility, recognizing that failure in pursuing this goal, despite our best efforts, is a very real possibility. "

Featured Image Credit: Shutterstock/@elonmusk/Twitter

Topics: Elon Musk, Twitter, Viral

Emily Brown
Emily Brown

Emily Brown is UNILAD Editorial Lead at LADbible Group. She first began delivering news when she was just 11 years old - with a paper route - before graduating with a BA Hons in English Language in the Media from Lancaster University. Emily joined UNILAD in 2018 to cover breaking news, trending stories and longer form features. She went on to become Community Desk Lead, commissioning and writing human interest stories from across the globe, before moving to the role of Editorial Lead. Emily now works alongside the UNILAD Editor to ensure the page delivers accurate, interesting and high quality content.

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