Monday, April 18, 2022

Elon & Twitter 2

Follow-up to this post

At first it appeared that Elon was going to join the Twitter board of directors, then he thought it through a little more, and then he said no. Then he wrote an official letter to Twitter in which he offered to buy the whole company for $43 billion.


His offer is a considerably higher price per share than Twitter stock was valued before he bought the 9% he now owns, just days ago. So the purchase deal would be profitable for current owners. 

But the company's board of directors is opposed to the sale. It looks like they have a different motivation than making a business profit. It looks like they want to continue to censor the speech of people who think differently from them. Elon says freedom of speech is important.

This story is not over yet.

from CNET

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