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Elon Musk Offers To Buy Twitter for 43 Billion
As you're probably aware, Tesla and SpaceX CEO Elon Musk became Twitter's largest shareholder last week. The company invited him to join its board, though we learned more recently that he declined. In the meantime, the CEO was tweeting about Twitter and potential changes to the platform, a series of tweets he's since deleted.
Many speculated that Musk's decision not to join the board could mean he had bigger plans. Perhaps he would just buy Twitter altogether? This morning, the outspoken CEO tweeted, "I made an offer." Upon opening the attached link, it becomes clear that Musk has offered to buy Twitter.
Musk is offering $43 billion, or $54.20 per share in cash, to take over the social media platform. He's made it clear that he believes changes must be made to Twitter. Musk has made several references to free speech of late, so some people have found it interesting that after buying a large stake in Twitter and being invited to the company's board, he ended up deleting many related tweets.
Source: Re-posted and Summarized from Steven Loveday at insideevs.
My Take: I am sure Elon has a plan here. Not sure how much I like him getting involved in Twitter. Don't see the point.
Re Posted From: Elon Musk Offers To Buy Twitter for 43 Billion
As you're probably aware, Tesla and SpaceX CEO Elon Musk became Twitter's largest shareholder last week. The company invited him to join its board, though we learned more recently that he declined. In the meantime, the CEO was tweeting about Twitter and potential changes to the platform, a series of tweets he's since deleted.
Many speculated that Musk's decision not to join the board could mean he had bigger plans. Perhaps he would just buy Twitter altogether? This morning, the outspoken CEO tweeted, "I made an offer." Upon opening the attached link, it becomes clear that Musk has offered to buy Twitter.
Musk is offering $43 billion, or $54.20 per share in cash, to take over the social media platform. He's made it clear that he believes changes must be made to Twitter. Musk has made several references to free speech of late, so some people have found it interesting that after buying a large stake in Twitter and being invited to the company's board, he ended up deleting many related tweets.
Source: Re-posted and Summarized from Steven Loveday at insideevs.
My Take: I am sure Elon has a plan here. Not sure how much I like him getting involved in Twitter. Don't see the point.
Re Posted From: Elon Musk Offers To Buy Twitter for 43 Billion