The richest man in the world, Elon Musk, is willing to pay a lot of money to buy the popular social network Twitter. It offers to pay $ 54.20 for each share of the company. As a result, the company’s value will reach $ 43 billion. Musk, which manages Tesla, SpaceX and several other companies, has already acquired a 9.2 percent stake in Twitter. Along with this offer, he also warned Twitter that if his offer was not accepted, he could look at his investment in the company.
In a letter to Twitter Chairman Bret Taylor, Musk said: “Currently, the company is not growing or achieving its goals.” Twitter has great potential and I will get it right. Musk is offering $ 54.20 for each Twitter share, which is 18 percent higher than Wednesday’s closing price and 38 percent higher than on April 1. Musk says it’s the best and latest offer.
In March, Musk conducted a survey on Twitter. In it, he asked his followers whether Twitter protects freedom of speech or not. Musk admitted that 2 million users answered yes and 70 percent of them answered ‘no’. That is, he finds that Twitter does not protect freedom of speech. Musk said the survey was very important. He then tweeted that Twitter functions as a public square in the city, and if it does not adhere to the principles of freedom of speech, it is not good for democracy.
Musk announced his purchase of a stake on Twitter about two weeks ago. It became the largest shareholder by purchasing a 9.2 percent stake in Twitter. Since then, there has been a big fight between Twitter and Musk. Twitter, meanwhile, has indicated that Musk will join his council. But Musk declined the offer. Since then, the market has been fueled by such speculation that Musk may be forced to take over the company.
Twitter is the one that the richest man in the world wants to buy at all costs. Musk understands the power of Twitter and uses it widely to express his opinion. It has 81 million followers on this social media platform. One of his tweets could cause huge volatility in the price of cryptocurrencies. Mime cryptocurrencies like Dogecoin and Shiba Inu are examples of this. He also continues his occasional surveys on Twitter. But Musk is also the biggest critic of Twitter.
He said, “I have invested in Twitter because I believe in its potential to be an important platform for freedom of expression around the world and I believe that freedom of expression is a social necessity for a functioning democracy, Musk told the stock exchange. After the investment, however, I realized that the company will not grow in its current form and will not meet this social requirement. Twitter must become a private company.
Musk has more than 81 million followers on Twitter. He is one of the most famous characters on this platform. She fights pop stars like Ariana Grande and Lady Gaga. However, his tweets sometimes cause him problems.
After buying a stake in Twitter and then refusing to join its board, Elon Musk conducted several polls on Twitter with his 81 million followers. Through these polls, he had demanded some changes in Twitter. It seems that if Elon Musk is successful in buying Twitter, then Twitter users may get to see these changes in the coming days.
According to Elon Musk, I invested in Twitter with the belief that it was a global free voice. I believe that a free voice is the most important thing for any democracy. But since I invested in it, I realized that the company in its current state is not even meeting the social needs. That’s why Twitter needs to be turned into a private company.