Elon Musk to buy out Twitter?
In early April 2022. Elon Musk purchased a 9.2% stake in Twitter. At the time, he was offered to join the company’s board of directors, but he turned it down, also writing several posts unfavorable to the company. By refusing to join the board, Elon Musk can take more than 14.9% of the company’s shares.
The billionaire promptly decided to take advantage of this and made an official offer to buy out all of Twitter’s shares for $43 billion on April 14, 2022. Musk stated that he invested in Twitter because he sees in it a huge potential to become a platform where freedom of speech reigns. According to him, the company’s current form of operation – will not allow it to grow.
Elon Musk has already posted several entries on Twitter, asking users about various features that they miss on the platform. For example, the ability to edit posts.
Do you want an edit button?
– Elon Musk (@elonmusk) April 5, 2022
This is not the first time Elon Musk is interested in Twitter
The owner of Tesla and SpaceX is not for the first time interested in this social platform. For a long time, he has been actively running his account on it, where, according to some – he manipulates the stock prices of his companies and even cryptocurrencies such as Dogecoin or Bitcoin.
Elon Musk wrote on Twitter back in 2017 that he loves the platform. At that time, a user wrote him that he should buy it in that case. Elon replied then – “how much does it cost?”. And then he could buy Twitter for about $20 billion. Now it is practically twice as much.
Will this transaction come to fruition? So far it is unknown, but Elon has already managed to threaten that if it is rejected – he will “reconsider” his position as an auctioneer. As a result – he will probably want to sell his 9.2% of shares.
