Home News Elon Musk wants to take over Twitter in full

Elon Musk wants to take over Twitter in full

471
0

According to documents submitted to regulators, the $ 54.20 price offered by Elon Musk for each Twitter share is a premium of 38% compared to the quotation recorded on April 1, the last day before Musk caused a surprise by the announcement that he has accumulated a share of over 9% on the social networking platform Twitter, writes Reuters

“In the past, I have come to the conclusion that the company will not flourish and will not meet its social needs in its current form. Twitter must be transformed into a private company. This is the best and My last offer, and if it is not accepted, I will have to rethink my position as a shareholder, “Elon Musk wrote in a letter to Twitter President Bret Taylor.

Read:   Dutch central bank chief expects ECB to raise key interest rate in fourth quarter

Elon Musk, who is also a frequent Twitter user, has 80 million users and has used Twitter to make several announcements that have influenced financial markets, including a possible transformation of Tesla into a private company, writes Agerpres .

Elon Musk has recently criticized the social media platform and its policies. According to Elon Musk, Twitter is undermining democracy by failing to adhere to the principles of free speech.

Musk, who is also the founder and CEO of the SpaceX missile company, as well as the start-up Neuralink or the infrastructure company The Boring Company, is theoretically the richest man in the world, with an estimated fortune by Bloomberg. at over $ 300 billion.

Read:   Elon Musk claims he is not the richest man in the world: "I think Putin is significantly richer than me."

If you like this article, we look forward to joining the community of readers on our Facebook page, with a Like below:

Previous articleIMF: People’s incomes are down and prices are up. Inflation is an imminent danger
Next articleVolkswagen warns that it has begun to feel the impact of the war in Ukraine