Twitter in frenzy over Elon Musk’s Hostile Takeover Attempt

By
CK Heltzel
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Twitter is in a frenzy with comments on Elon Musk’s hostile takeover attempt to buy 100% of the social network.

Musk is offering $54.20 per share, a 38% premium to Twitter’s April 1 close, the last day before Musk’s 9% stake was made public.

Musk said in a letter to Twitter Chairman Bret Taylor “Since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.”

“I believe free speech is a societal imperative for a functioning democracy,” Musk also says.

Michael Quinn Sullivan tweeted:

Elon Musk is worth $302.1 billion, nearly twice the second richest man. Twitter has a market value of $37.6 Billion.

If Musk bought Twitter, even if the value dropped to $0, he would still be the richest man in the world.

But if he owned Twitter, it would be wildly profitable.

Alex Becker tweeted:

Elon Musk buying all of Twitter is dangerous.

It would be an extreme liability if woke companies couldn’t make sure we are having the right thoughts.

Imagine a country where a agenda focused fact checker can’t manage our conversations!

Ugh! Literally shaking at the thought!

“Guess this didn’t work.”

“Hell. Yes.”