The Complete Elon Musk–Twitter Saga

Following the revelation that Musk had turn into Twitter’s biggest individual shareholder earlier within the month, Musk started polling his Twitter followers on questions on the way to ‘repair’ the platform.

As per Musk’s notice to the SEC:

“I invested in Twitter as I imagine in its potential to be the platform at no cost speech across the globe, and I imagine free speech is a societal crucial for a functioning democracy. Nevertheless, since making my funding I now understand the corporate will neither thrive nor serve this societal crucial in its present kind.”

Musk was suggested to stop tweeting critical commentary, as a pending Twitter board member, which then result in Musk declining the offer to hitch the board solely.

Musk is now outlining a imprecise plan to take Twitter into non-public possession, to be able to cut back its reliance on shareholders and advert {dollars}, thereby enabling it to make really impartial selections for the nice of public debate.

“I’m providing to purchase 100% of Twitter for $54.20 per share in money, a 54% premium over the day earlier than I started investing in Twitter and a 38% premium over the day earlier than my funding was publicly introduced. My provide is my greatest and last provide and if it isn’t accepted, I would want to rethink my place as a shareholder.”