(cont'd from yesterday's post)
Kevin O'Leary says Twitter is a terrible, poorly managed company. So the price Elon is paying is much more than it's worth, maybe 40%, which is billions. It's likely he has more than one reason for going ahead with it. But there is one reason he's always claimed for this purchase, and it's consistent with concerns he has expressed for years relating to the preservation of civilization.
SpaceX will go to Mars, he said, to give humanity a backup planet in case Earth becomes uninhabitable. Tesla, he claims, will take fossil fuels out of the vehicle business to mitigate climate change.
And he acquired Twitter "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." Yes, I share this view of healthy speech.
To set minds at rest among Twitter's advertisers, he also let them know that the freer speech he aims for is not a "free-for-all hellscape."
from Fortune
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