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Elon Musk makes $43 billion offer for Twitter to build 'arena for free speech'

Elon Musk makes $43 billion offer for Twitter to build arena for free speech

Twitter should open-source its algorithm, Tesla chief Elon Musk has said after hitting the headlines with a $43 billion all-cash offer to buy the microblogging site.

In a surprising move, Elon Musk, the richest person on earth had offered to buy Twitter for $43 billion. Musk has recently revealed that he owns a 9 per cent stake in the popular social media platform.

The billionaire tech entrepreneur has now said during a TED Talks event that the platform has become kind of the de facto town square.

"Ever since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company," he said, adding," Twitter has extraordinary potential. I will unlock it.

"It's just really important that people have both the reality and the perception that they are able to speak freely within the bounds of the law."

Initiating a sort of gung ho over Twitter ownership, Musk's "best and final" offer had taken the media platform by a storm.

"One of the things I believe Twitter should do is open-source the algorithm and make any changes to people's tweets - if they are emphasized or de-emphasized, that action should be made apparent. So anyone can see that action has been taken," he said on TED Talks.

"So there's no sort of behind-the-scenes manipulation, either algorithmically or manually."

Musk's Twitter bid came days after his denial to join the company's board despite being the largest shareholder. In a letter addressing Twitter Chairman Bret Taylor on Thursday, he offered $54.20 per share saying the company has "extraordinary potential" and that he will "unlock it". It

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