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Elon Musk says he’s buying Twitter to ‘help humanity’ and not to ‘make more money’

Elon Musk has said he is buying Twitter to “try to help humanity”.

The billionaire tweeted a statement explaining his reasons for purchasing the social media site, saying he believed it was “important for the future of civilisation to have a common digital town square”.

Mr Musk’s long -running bid to purchase Twitter is reportedly in its final stages.

Yesterday the tycoon arrived at the company headquarters in San Francisco carrying a sink and changed his bio on the site to “Chief Twit”.

In the statement, he said most of the speculation around his motivation for acquiring the US tech company has been “wrong” and that he feared social media splintering into “far right-wing and far left-wing echo chambers”.

He said: “In the relentless pursuit of clicks, much of traditional media has fuelled and catered to those polarised extremes, as they believe this is what brings in money, but, in doing so, the opportunity for dialogue is lost.

“That is why I bought Twitter, I didn’t do it because it would be easy, I didn’t do it to make more money.

I did it to try and help humanity, whom I love. And I do so with humility, recognising that failure in pursuing this goal, despite our best efforts, is a very real possibility.”

In an effort to reassure advertisers, the Tesla owner went on to say that Twitter could not become a “free-for-all hellscape, where anything can be said without consequences”, adding that he wanted to ensure users could tailor their experience of the site according to their preferences in the future.

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