Elon Musk’s $44 Billion Acquisition: Why I’m Involved | by Annu Singh | Nov, 2022

When the information of Elon’s new acquisition got here out I couldn’t assist however share a few of my private ideas and issues.

This acquisition is simply one other instance of how massive companies are monopolizing our consideration by buying our favorite apps.

I’m involved that Elon Musk’s $44 billion acquisition of Twitter could possibly be a disastrous transfer for the social media firm. Listed below are three the explanation why:

1. Musk is thought for his erratic behaviour and Twitter is a platform that amplifies voices.

2. Twitter is struggling to show a revenue and Musk has a historical past of burning by means of money.

3. This deal may give Musk an excessive amount of management over the general public discourse.

As an indie developer, I’m at all times involved about the way forward for the business. When an enormous firm like Tesla buys a small firm like SolarCity, it might probably have a huge impact in the marketplace.

I’m involved that this acquisition will make it more durable for indie builders to compete.

SolarCity is a well known title within the photo voltaic business, and Tesla is a well known title within the auto business. These are two very completely different markets, however they’re each aggressive markets.

Tesla is a a lot bigger firm than SolarCity, they usually have extra assets. This might result in them creating higher merchandise sooner than smaller corporations like mine can sustain with.

It may additionally result in them utilizing their measurement to bully smaller corporations. For instance, they may begin promoting photo voltaic panels at a loss simply to place small photo voltaic corporations out of enterprise.

I don’t know what the longer term holds, however I’m anxious about what this acquisition means for indie builders like me.

Elon Musk is likely one of the most progressive and thrilling entrepreneurs of our time. His corporations, Tesla and SpaceX, are continuously pushing boundaries and altering the established order.

So when it was introduced that he was buying Twitter, many had been excited on the prospect of what he may do with the social media platform.

Nevertheless, I’m not so certain that this can be a good factor. For one, Musk is thought for being impulsive and erratic.

Simply final week, he despatched out a sequence of weird tweets that triggered Tesla’s inventory to crash.

If he’s in command of Twitter, who is aware of what sort of havoc he may wreak?

Moreover, Musk has a historical past of clashing with different tech moguls. He’s been vocal about his disdain for Mark Zuckerberg and Fb and has even accused them of “destroying” democracy.

Given his combative persona, I fear that he may use Twitter as a weapon to assault his enemies and additional destabilize the already fragile tech business.

All in all, I’m not satisfied that Elon Musk shopping for Twitter is an effective factor. I believe it could possibly be disastrous for the platform and for the world of know-how as a complete.

How can we persuade giant corporations like Google, Fb, and Microsoft to offer us the instruments we have to succeed will they share extra of their income with small builders fairly than simply licensing content material?

There are some things that we will do to steer giant corporations like Google, Fb, Microsoft et al to offer us the instruments we have to succeed.

Firstly, we will enchantment to their sense of competitors. If small builders are capable of create profitable merchandise that compete with the big firm’s choices, it’ll present that the small builders are a viable power out there.

This might stress giant corporations to share extra of their income with small builders with a view to keep aggressive.

One other strategy is to try to kind partnerships with these giant corporations.

If small builders can present that they’re keen to work collectively and share assets, it might persuade the bigger corporations to do the identical.

This might result in extra collaboration and innovation between the 2 teams, which might profit everybody concerned.

Lastly, we will merely ask them properly! It by no means hurts to try to construct relationships with these massive gamers within the business.

In the event that they see that small builders are obsessed with their work and decided to succeed, they might be extra prone to lend a serving to hand.