Why is Elon trying to buy Twitter?

Musk, who owns a 9.2 % ownership in the company, made his surprise bid for the company on Wednesday, April 13 and announced it publicly on Thursday morning.

Musk outlined his vision for Twitter at the TED conference, suggesting that the source code for the site’s algorithm should be openly available on GitHub. ‘Having a black-box algorithm that promotes some things while demoting others is quite risky,’ he warned.

Permanent bans from the network, he argued, should be unusual, and the only restrictions on expression should be enforced by the governments of the nations where Twitter operates.

‘When someone you don’t like is permitted to say something you don’t like, that’s a good sign of free speech.’ If that’s the case, you’ve got free speech,’ Musk added.

He did not, however, specifically answer whether he would reinstate previous Twitter users who had been banned, a category that includes Donald Trump.

Elon Musk’s $41 billion hostile acquisition of Twitter is allegedly not being considered by Twitter’s board of directors, but the billionaire claims to have a ‘Plan B’ if his initial bid to take the firm private fails.