The Full Elon Musk–Twitter Saga

Following the revelation that Musk had turn into Twitter’s biggest individual shareholder earlier within the month, Musk started polling his Twitter followers on questions on the right way to ‘repair’ the platform.

As per Musk’s word to the SEC:

“I invested in Twitter as I consider in its potential to be the platform at no cost speech across the globe, and I consider free speech is a societal crucial for a functioning democracy. Nevertheless, since making my funding I now understand the corporate will neither thrive nor serve this societal crucial in its present type.”

Musk was suggested to stop tweeting critical commentary, as a pending Twitter board member, which then result in Musk declining the offer to affix the board totally.

Musk is now outlining a obscure plan to take Twitter into non-public possession, with a purpose to scale back its reliance on shareholders and advert {dollars}, thereby enabling it to make actually impartial choices for the nice of public debate.

“I’m providing to purchase 100% of Twitter for $54.20 per share in money, a 54% premium over the day earlier than I started investing in Twitter and a 38% premium over the day earlier than my funding was publicly introduced. My supply is my greatest and ultimate supply and if it isn’t accepted, I would wish to rethink my place as a shareholder.”

Source link

Click Here To Affirm