Elon Musk buying Twitter?
Elon Musk is an ultra-wealthy Billionaire who serves as the CEO of Tesla, SpaceX, and The Boring Company. He announced Thursday that he wants to purchase Twitter and make have real free speech. On Twitter, Musk announced on April 4 that he bought enough of Twitter to be the majority individual shareholder, owning 9.2% of the company. To put it in perspective, the next largest individual shareholder is Jack Dorsey (Twitter founder) with 2.6%. Thursday, he announces he wants to buyout Twitter and take full control of the company, making it private.
Musk claims, which appear to be true, that Twitter is only free speech for some people. My last post about the Babylon Bee is a great example of this. Donald Trump is another example. It sounds as if Elon Musk will "free" all of the Twitter captives that were banned over speech that shouldn't be censored.
Elon's offer to purchase Twitter consisted of $54.20 per share, which equates to about $43 Billion. Economists say that this is a fair offer based on the valuation of the company. If the purchase succeeds, Musk plans on taking the company private to rebuild it internally.
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