According to Elon Musk, he is purchasing Twitter to “benefit humanity.”

Elon Musk outlined his goals for acquiring control of the social media site, saying that he is purchasing Twitter to “benefit humanity.”

In a tweet, Mr. Musk said he didn’t buy the company “to increase your income. I did it in an effort to support humanity, whom I adore”.

The businessman has until Friday to finalise his $44 billion (£38 billion) acquisition of Twitter or risk going to court.

He claims to have “acquired” the business in the tweet he sent to Twitter’s advertisers.

The deal hasn’t been officially confirmed to have been finished yet.

This week, Mr. Musk tweeted a video of himself entering Twitter’s offices while toting a sink, sparking questions about his plans for the company.

Although it is unclear if this was Mr. Musk’s message, he also altered his Twitter bio to read “chief twit,” which is business jargon for taking extreme action against a company.

Mr. Musk recently outlined some of his objectives for the business in a tweet, stating that Twitter must be “warm and welcoming for all.”

When he travelled with the sink on Wednesday, it was unclear if he met Twitter personnel, but on the social media platform, he indicated that his location was the San Francisco headquarters of the company.

When Mr. Musk first announced his plans to purchase Twitter, he stated that he wanted to purge the site of spam accounts while preserving it as a place for free speech.

Twitter representatives denied the allegations, claiming that Mr. Musk wanted out because he was worried about the expense.

Later, the company sued him to enforce the contract, and Mr. Musk updated his acquisition strategy in exchange for the litigation to be stopped.

I’m excited about the Twitter issue, Mr. Musk recently said during a call to assess Tesla’s financial performance. Mr. Musk is the CEO of a company that makes electric vehicles.

He continued, “I think it’s an asset that has just sort of languished for a long time but has incredible potential, despite the fact that he and the other investors are probably overpaying for Twitter at the present.