Elon Musk, Who Just Tweeted That 69.420% of Stats Are False, Makes Play to Take Total Control of Twitter
Elon Musk, one of Twitter’s most prolific, high-profile trolls, wants complete control over the social media platform.
“I made an offer,” Tesla’s billionaire CEO tweeted Thursday morning.
The attached filing, dated Wednesday, lays out a plan for Musk to buy the remaining shares of Twitter he does not already own for $54.50 a share — or for about $43 billion in total — and make the company private. Musk wrote that this is his “final offer,” and that if it’s not accepted he “would need to reconsider my position as a shareholder.” Musk acquired 9.2 percent of Twitter this year and is currently its largest shareholder. The play to take control comes days after the company announced Musk would not join its board of directors despite telling employees earlier this month that he was.
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“Is Twitter dying?” Musk asked in a post on Saturday, seemingly in response to the back-and-forth. He made clear in the filing on Wednesday that he thinks it is, and that he intends to revive it.
“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” he writes. “However, 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.”
Twitter has taken great pains to rid the platform of hate speech and misinformation, most notably through its ban of Donald Trump following the Jan. 6 attack on the Capitol. Musk seems to want to open the floodgates and turn Twitter into more of a cesspool of racism, bigotry, and conspiracy theories than it already is. Musk himself has a history of trollish, often controversial posts. He’s been accused of stock manipulation by tweeting about Tesla’s stock price.
Last week, he tweeted that “69.420% of statistics are false.”
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