Just ten days ago, Elon Musk bought a 9 percent share of Twitter. Now, he is offering to buy the whole kit and caboodle.
Musk, a deeply complex person who definitely champions the idea of free speech even if he doesn’t see the inherent contradictions in his business dealings with China, laid out his rationale in a letter to the chairman of the company, and released his filing documents with the Securities and Exchange Commission.
Elon Musk has proposed to buy Twitter for $43 billion and move the company back to private ownership. Twitter went public in November 2013, and got a new CEO, Parag Agrawal, just last November. Musk is offering a cash buyout and wants to change the course of the platform.
“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 said in a letter to Twitter chairman Bret Taylor.”
“Since making my investment I now realise the company will neither thrive nor serve this societal imperative in its current form.”
“Twitter needs to be transformed as a private company.”
Musk pointed out that his offer was 38% higher than the price of Twitter’s stock the day before it was revealed that he had become the company’s largest shareholder.”
“My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder,” he added.”
He said this “was not a threat, it’s simply not a good investment without the changes that need to be made”.
He said he does not have “confidence in management” and does not believe he can “drive the necessary change” while the company is still public.”
And because Twitter is a public company, they have to take this offer seriously.
Twitter confirmed it received the “unsolicited” proposal and said its board would “carefully review” it to “determine the course of action” that it believes is in the best interest of the company and its shareholders.”
Well, cue the freakout. The left has been dedicated to making Twitter their own special echo chamber, right down to banning opinions that they don’t want to hear off the platform (for example, the popular “Libs of TikTok” account was suspended just yesterday for “hateful conduct” – meaning that they retweeted something a leftist posted publicly on TikTok) or people that they just want to outright ban or cancel (Donald Trump). The left also helped drive Parler, a Twitter alternative, right off the internet for a period of time by deplatforming them via Apple and Amazon Web Services. The left wanted to crack down on speech via Twitter, and they have largely succeeded. Except that Elon Musk is too big and too rich for the left to cancel, even as much as they would want to. And they know that Musk buying Twitter, and then keeping them from being massive bullies set on suppressing free speech, could be the new reality. The whining, panicking meltdown is real, and it is hilarious.
Democracy requires attacks on the culture of free speech, more authoritarianism, says WP guy. https://t.co/ZB4ab2MSpX
— Mollie (@MZHemingway) April 14, 2022
The meltdowns are coming fast and furious from the entitled blue checks who considered Twitter their own personal leftist fiefdom.
To the trolls:
I decided directing my tweet solely to Twitter's CEO was an oversimplification, so I deleted it.
I stand by the underlying sentiment: Elon Musk's attempted takeover of Twitter is a threat to the free world.
I care about freedom — and, also, factual precision. pic.twitter.com/RnriZ7D4pj
— Matthew Rozsa (@MatthewRozsa) April 14, 2022
Is this when we tell the left to build their own version of Twitter? I believe this is the part in the plot where that happens. Good thing a new leftist social media platform wouldn’t be kicked off AWS servers, right?
Build your own Twitter.
— Brittany Hughes (@RealBrittHughes) April 14, 2022
As Twitter is forced to consider this buyout bid, prepare for the hysteria to just keep mounting from bigger and bigger names. And the leadership of the company is geniunely stuck here. If they turn down the bid, Elon Musk may dump his shares and then the value of the company may tank in the stock market. If they accept the buyout, they would be quite wealthy – but then they lose their special sandbox and their ability to ratio and dogpile whomever they please at the whim of the leftist mob.
Enjoy the show, everyone, because watching the left twist themselves into frenzied pretzels is going to be high-quality entertainment.
Featured image: Twitter logo by Mizter_X94 via Pixabay, cropped and modified, Pixabay license
Don’t mind me. I’m just sitting down with a bowl of popcorn and watching the show.
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