Bill Gates Says Elon Musk Could Make Twitter Worse


Microsoft Corp MSFT co-founder Bill Gates took a swipe at Tesla Inc TSLA CEO Elon Musk’s plan on Wednesday to buy microblogging site Twitter Inc TWTR in a $44 billion deal.

What happened: The 66-year-old entrepreneur and investor said he’s unsure of the motives behind the world’s richest man buying the social media company, a platform Musk has hailed as “the foundation of a functioning democracy” and where he has pledged to return freedom of expression.

“He could actually make it worse,” Gates said at The Wall Street Journal’s CEO Council Summit.

The veteran Microsoft co-founder was quick to add that it’s not “his track record,” implying Musk’s success with Tesla, SpaceX, and past business successes.

“What does he think about something that says vaccines kill people or that Bill Gates follows people? It’s not entirely clear what he’s going to do.”

Gates said in the same interview that he has only “positive things to say about Elon. If he makes Twitter worse, fine, I’ll speak out about it, but I don’t think it will.”

See also: Tesla Short Circuit No Climate Change Statement: Bill Gates

Why it matters: Gates’ comments come days after Musk confirmed that the Microsoft co-founder had a half-billion-dollar short position in Tesla. It also follows Musk’s hostile takeover bid on Twitter.

The world’s richest man is in talks with private equity firms and banks to fund the mega-acquisition expected to close later this year.

Musk reportedly plans to focus on improving Twitter’s bottom line, a plan that will include job cuts and monetization from tweets, including possible subscription services to generate recurring revenue.

Price action: Tesla closed 4.77% higher at $952.6 on Wednesday. Twitter closed 0.4% higher at $49.


This post Bill Gates Says Elon Musk Could Make Twitter Worse was original published at “https://www.benzinga.com/news/22/05/27011245/bill-gates-says-elon-musk-could-make-twitter-worse-though-thats-not-what-he-does”

Leave a Reply

Your email address will not be published.