Twitter’s Top Shareholder and the Richest Man in the World has finally shown his hand with a huge offer to take over Twitter
Elon Musk has just offered to buy Twitter for $41.39 billion, a 38% premium ($54.20/share) on the closing price of Twitter’s stock April 1st–the day before Musk’s 9% investment in the company was publicly announced. This offer is massive, both in terms of value and in terms of what it may mean for the social media platform’s future.
Billionaire Elon Musk offers to buy Twitter for $41.39 billion, a regulatory filing shows https://t.co/wAiKnmDJjk
— Reuters (@Reuters) April 14, 2022
The internet is already reacting like wild
— Colt Yohman (@CStyles45) April 14, 2022
— Jake Killemall (@SilentSnake84) April 14, 2022
— Svobovid-19🇺🇸 (@mighty_varner) April 14, 2022
— Missouri Guerrilla (@MissouriGuerri2) April 14, 2022
Now with the memes out of the way, it’s important to note that if this succeeds for Elon he will have a lot of expectations to fulfill, with many of us wanting and expecting to see President Trump’s account restored. Beyond just that, a total return to Twitter’s early days–where free speech reigned, is what many spectators anticipate.
Will Twitter take this extraordinarily lucrative offer? It would certainly be wise if they did, given the sheer premium on it. However, the loss of ability to control news and speech may be enough to prevent them from turning over the company. Expect further developments to be reported as a decision is made.