We have seen this in our previous chain but the outcome as we all feared was of dishonor and distrust. As Justin Sun did a hostile takeover of STEEM and also locked and stole funds away from users.
Musk is not that person, we can tell or at least from what I seen he hates the SEC and he loves FREEDOM to say what ever the hell you want.
Now, I think I read some where that Musk was offered some Board seats when he purchased close to 10% of Twitter, he declined the offer.., my understanding is if he is board member he will be obligated to share and show care and growth for the company.. He did not like the idea of being shut off.
What did he do than? Well why not buy the whole damn company and make it private. is what he wants.
Elon Musk offers to buy Twitter in takeover attempt
Alpha of a man
Tesla CEO Elon Musk is making his “best and final” offer to buy 100 percent of Twitter in an updated 13D filed Thursday with the SEC. He’s offering $54.20 per share in cash.
offering $54.20 a share when even Goldman values twitter stock at just $30...
a good play and pull from the show Succession.
Qoute from Musk
“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,” said Musk in a letter sent to Twitter chairman Bret Taylor. “Twitter has extraordinary potential. I will unlock it.”
I can see it.
How is a platform that censors and deplatforms people a torch of free speech?
Skum and Twattr deserve each other - everyone else... walk away.
Good point
They will never take $54.20 as sale price. I’d bet $90 minimum.
Twitter stock is valued at $30
Says who? There’s zero chance they take Elon offer of $54.20 so it’s value is clearly more.
Agreed 100% but I really wish they would! Would be interesting to see Elon run Twitter!
They are not even going to consider the $54.20 price.
No they certainly are not.
Elon seems chill but I’d be carful trusting him. Just a side note. On paper I certainly would love this move but there’s no chance they accept $54.20 as a price anyway.
And list of current owners of Twitter is trustworthy? And yes they already bulked price.
I think he will assimilate Twitter.