Musk To Make Drastic Changes To Twitter?

Written by Asley Simon

OCTOBER 7, 2022

Elon Musk's $44 billion offer to buy Twitter (TWTR) has been revived, and he may try to make big changes to the 16-year-old microblogging network.

Thursday, the Associated Press reported that Musk's lawyers said they wouldn't accept his new offer for the company.

The Wall Street Journal reported Thursday that Twitter and Musk were discussing the arrangement and wanted to strike an agreement by Monday.

Musk's text messages with billionaires, family members, investors, and Twitter officials can reveal how he aims to modify Twitter if he buys it.

Musk's lawyers gave Twitter the messages as part of a lawsuit filed by Twitter to force him to keep the deal they made with him in April.

Musk said Twitter didn't give him enough information about fake accounts or bots before he backed out.

Twitter fought back by filing a lawsuit against the CEO. The lawsuit said that the CEO used the bots problem as an excuse to back out of the deal.

The text messages show that before he agreed to buy the company, Musk was worried about bots, which can spread false information on Twitter.

Musk considers charging for tweets to stop fake accounts in these texts. Musk has indicated he wants to make it easy for banned Twitter users like Donald Trump to return.

In one text message, he said, "Would be great to lift permanent bans, except for spam accounts and those that openly call for violence."

Before he closed the deal to buy Twitter in April, he sent a text message saying that Twitter would need "dramatic" changes.