Elon Musk continues to revolutionize the world with his innovative way of changing things for people. His latest acquisition of the majority number of shares on Twitter caught the attention of the social media world. No one was expecting to wake up one day and find that Musk had become the senior shareholder. And no one expected him to turn down a spot on the board when it was finally offered. But the self-made man had other plans.
Musk’s latest shockwave comes as he is now offering to buy all of Twitter’s remaining common stock for $54.20 a share, which is estimated to be worth over $40 billion. The Daily Wire found the report published by Bloomberg that “Elon Musk has offered to buy Twitter for $54.20 per share in cash, according to an updated 13D filing, Bloomberg News reports. Musk offered to ‘acquire all of the outstanding Common Stock of the Issuer not owned by the Reporting Person for all cash consideration valuing the Common Stock at $54.20 per share.'”
The Chairman of the board for Twitter is Bret Taylor. He received a letter from Musk that puts his final and best offer on the table. They will have to accept his offer or refuse it. Musk has stated that he will not increase the offer since it was the best that he is willing to do.
The letter that Musk sent to Taylor pointed out why Musk wanted to buy the outstanding stock. Musk believes that Twitter has a fantastic future only if it allows for free speech.
The company has been accused of censoring conservatives and only letting liberals post stories for the world to read. Musk mentioned that Twitter would never become a success the way it is currently designed. He pointed out the only way for Twitter to thrive and grow is to become a privately run and owned company.
The fight for Twitter is more than just another company that Musk wants to buy. The concept of free speech hangs in the balance. For the board to decline Musk’s offer would tell the world that they do not believe in free speech.
Parag Agrawal is the CEO of Twitter. Musk was once offered a spot on the board because of his massive stock purchase. But the board wanted to bring him on to control the man and his ideas. He mentioned that Musk was offered the spot contingent on a background check and Musk’s acceptance of the offer. But the morning that the acceptance was to occur, the billionaire rejected the offer and told the world that he had something else in mind.
Musk’s purchase of Twitter will have repercussions that will affect how social media develops as an industry. Those who control Twitter are worried about what will happen once Musk assumes control. The Democrats are worried because there is a conservative competition that they will have to deal with for the first time in social media history.
Musk knows that liberals talk with their pocketbooks. And since he is the largest in the world, they will have to listen to what he dictates. The CEO of Twitter wants to act like control is in his hands, but control lies with Musk in all truthfulness. He is the one holding all the cards and has all the money. Once he can purchase the company, great things will take place.
Musk has a net worth of over $260 billion. He has more than enough money to buy Twitter and transform it into an absolute platform devoted to the concept of free speech. The other social media platforms will have to keep up once Musk gets rolling with changing how social media works. The industry’s future hangs in the balance now that the richest man in the world wants to level the playing field and make it fair for all people.
Twitter users have the right to express their beliefs before the world without fearing censorship by a company full of nasty liberals.