“I have invested in because I believe it can become a platform for expressing freedom of speech around the world. I also believe that freedom of speech is a social imperative for the functioning of democracy,” wrote the world’s richest man in a letter to Twitter president Bret Taylor.
“However, from the moment I entered this investment, I realize that the company will neither prosper nor serve the society in its present form. Twitter must be transformed into a private company” – he stressed.
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Elon Musk wants Twitter, but does Twitter want Musk? He made “the best and final offer”
made an offer – he offered $ 54.20 a share for buying Twitter. As he explained, it is 54 percent. more than the value of the stock before he started investing, and 38 percent. more than the value of shares after the announcement of the purchase by 9.2 percent. Twitter shares. Musk wants to buy a social platform for $ 41.39 billion.
“This is my best and final offer and if it is not accepted I will have to reconsider my position as a shareholder,” Musk said.
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Elon Musk accused Twitter of “undermining democracy”
In late March, the richest man in the world with a net worth of $ 259 billion (according to the Bloomberg Billionaires Index, as of April 14, 2022) tweeted that he was considering launching his own social networking platform. By the way, he accused Twitter of not following the principles of freedom of speech and “undermining democracy”.
On April 4, it was revealed that Musk acquired 9.2 percent. Twitter shares. In this way, he became the largest shareholder of the company. Shortly after that, the company’s valuation increased by 28%. Elon Musk then resigned from his membership on the Twitter board.
Source: Gazeta
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