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Taking Twitter Private
Elon Musk offers $43 billion in cash to take Twitter private
You would have to be living under a rock, or just not on Twitter that much, to not know Elon Musk put a bid in to take Twitter ($TWTR) private this week. Musk offered $54.20 in cash according to documents filed with the Securities and Exchange Commission.
Why it matters: Elon believes Twitter has the potential to be the platform for free speech around the globe, and the only way to ensure the company thrives is to take it private.
- Free speech is imperative for democracy.
- Twitter needs to be transformed.
“Twitter has extraordinary potential. I will unlock it.” Elon wrote in the SEC filing. Yes, but Twitter has turned to the time-tested poison pill in an effort to thwart Elon.
ICYMI: An unedited conversation between Elon Musk and TED’s Chris Anderson. (Recorded April 14, 2022)
This article first appeared on the Social Leverage Letter.
