(UnitedReader.com) – Tesla CEO and founder of SpaceX, Elon Musk, has a bit of drama going on with the popular social media platform Twitter. After becoming the largest shareholder of the company, owning 9.2% of its stocks, Musk made some suggestions and even had a chance to be on the company’s board. However, Musk doesn’t seem like the kind of guy to work for other people and has since made an offer to outright buy Twitter, in cash.
Elon Musk offers to buy Twitter in $43 billion hostile takeover bid https://t.co/vJE3JeA6ll
— Fast Company (@FastCompany) April 14, 2022
Musk recently filed with the Securities and Exchange Commission (SEC) with an all-out cash offer to buy Twitter in its entirety. Sounds expensive, right? Well that’s because it would cost the Tesla CEO an estimated $43 billion. Then again, that’s nothing for the world’s richest man, who’s worth around $260 billion according to the Bloomberg Billionaire Index.
The SpaceX founder has voiced his grievances with Twitter, writing a note directly to the chairman of the company’s board, Bret Taylor, in his filing with the SEC. Musk noted that in order for democracy to survive, free speech is a must. The billionaire added that Twitter doesn’t offer that security in its current state and asserted his desire to take the company private.
Many users on Twitter have erupted, namely verified liberals who use the platform to blast Republicans with little to no resistance, especially since Twitter has been under scrutiny for censoring conservative voices. Musk wants to avoid that. If his takeover is successful, conservatives may once again have a voice on the popular social media platform.
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