Updated: Apr 15, 2022
April 14th 2022
The world's richest man, Elon Musk was in Vancouver Canada today, as a guest speaker at the Ted Talks 2022 conference.
Ted Talks dropped its usual $50 per day viewing fee, opening up a live stream for all to watch for free.
Recently, the outspoken billionaire shook up the Social Media universe by purchasing 9.2% of Twitter stock.
That made Musk Twitter's single largest shareholder.
On that news Twitter shares immediately jumped 22%, boosting Musk's initial investment estimated at $2.9 billion to a value of $3.5 billion.
Musk had the option to become a Twitter board member, but he declined the position. A position on the board would restrict the amount of shares Musk could own, and it would potentially weaken his position.
Early today (April 14th), Musk made an offer to buy all of Twitter, offering $54.20 a share. A move some describe as the first step in a hostile takeover.
The market value of Twitter is currently estimated at about $37 billion.
During his appearance, Musk laid out his vision for Twitter, should he succeed in purchasing it.
Musk believes the world needs an open honest platform where people can freely express their thoughts. A platform that allows everyone to express their opinions openly, except for hate speech, of course, is essential for democracy to work according to the billionaire.
Very important to Musk was transparency. He wants to see more openness and transparency regarding Twitter's inner workings.
Musk envisions an "open source" platform where anyone can see how Twitter's algorithms determine who or what is allowed or disallowed on the massive social media platform.
Musk also spoke of more personal issues as well, describing how his Asperger's disease put him on a different path than many of his peers but eventually made him the man he is today.
Musk says gaining control of Twitter isn't a sure thing. Pressed, he admitted there is a "plan B" if his attempts fail
Asked if he had the $37 billion needed to make the purchase, Musk 1assured the audience he did.
According to Bloomberg, Elon Musk is worth about $260 billion
Link to LIVE Stream, Musk spoke around am 11 local time.