Elon Musk and Twitter is a long love story. His subscribers know him mainly for his tendency to write “shit” and make memes, but Musk is going even further and is now trying to make an impact on the functioning of the network. For this, offers to take it back. Simply.
In a tweet (obviously), Tesla’s CEO stated that he had made an offer. The $43 billion Twitter Inc.Only this.
Elon Musk wants to change the face of Twitter
Tesla’s CEO states that this is his “best” and “last” offer, so take it or leave it. The target is here get back 54% of the capital (US$45 per share) thus becoming the majority shareholder. Elon Musk would therefore have full powers. Just a few days ago, on April 4, he entered the capital as the owner of 9% of Twitter Inc and thus entered the board of directors. But Musk wants more. by becoming the majority says he wants to “release” potential your platform. He stated that if his offer was rejected, he could resell his shares.
For users, this can change a lot of things. Musk then Remove Twitter from the exchange, which will become fully private again. So the CEO would have his hands free to do what he wanted. Add an “edit” button to tweets as requested several times? This can be possible. All of his decisions, even his craziest ones, could be implemented.
Regulations on freedom of expression, a value advocated by the billionaire, could also be reviewed. Will we be able to tweet worry-free soon? This is a possible future. Either way, Musk will gamble with this latest offering. Will shareholders accept the takeover? We’ll find out very soon.
— Elon Musk (@elonmusk) 14 April 2022
