Hardware news Elon Musk finally buys Twitter to create his own social network After the announcement of the billionaire’s proposal, he details a little more what he will do with the social network. Twitter wins and Elon Musk paysWe were talking about this Wednesday about Elon Musk’s about-face on the takeover of Twitter. To everyone’s surprise, he decided to avoid the lawsuit and finalize the acquisition. If we do not yet know the underlying reasons for this sudden change, we can speculate on certain hypotheses. The intention of the Company is to close the transaction at $54.20 per share.— Twitter Investor Relations (@TwitterIR) October 4, 2022 In a sketchy tweet, the social network announces Elon Musk’s proposal at an initial price of $44 billion . It reads: We have received the letter from Musk’s parties that they have filed with the SEC. The Company’s intention is to close the transaction at $54.20 per share. Eventually the billionaire will have to get his hands on the wallet and will not be able to walk away. His goal now is for there to be no trial and for things to be resolved as quickly as possible. The date of the hearing is still set for October 17, no new information on this subject.Twitter is about to undergo a revolutionThe main hypothesis of the turnaround is Musk’s desire to create his own ultra-libertarian social network. But for that it takes time and the audience does not fall from the sky, even for the most influential billionaire in the world. The day after the announcement of Twitter, Elon Musk publishes a tweet explaining “The purchase of Twitter is a accelerator to create X, the application of everything.” What he means by “everything app” has more or less been explained previously. “X” is an obvious reference to his former company X.com, which became PayPal and sold shortly after. It was society that made his fortune and he intends to pay homage to it. For what’s inside. We know that he wants to see a Twitter with the functions of the Chinese social network WeChat. Beyond the social aspect, a whole ecosystem of services would be created. In particular, we would find a payment service. This again reminds us of the origin of his fortune with PayPal. During a conference with Twitter employees last June: “You basically live on WeChat in China. If we can recreate that with Twitter, we will have great success.” It is very likely that at this time he was already imagining honoring the takeover agreement. Even if that did not prevent him from continuing to speak ill of the social network. A paradox that could have cost him dearly if the case had come to justice. In a response to his tweet presenting his social networking service, a user asks him if it wouldn’t be easier to directly create the platform. Elon Musk replied that it should save him three to five years of development, although he himself isn’t sure. @elonmusk) October 4, 2022 In the end, it’s a big charade that Elon Musk and Twitter have played on us during this year 2022. The conclusion is near, even if nothing is certain. The billionaire seems in any case ready to create his own social multiservice, like WeChat.