Editorial
Elon Musk, who recently welcomed a second child, has reportedly ‘offered to buy Twitter for a whopping $41billion’.
According to reports, the Tesla CEO is keen to buy the social media platform and turn it into a private company that promotes free speech.
Musk’s letter to Twitter’s board on April 13 reportedly said: “Twitter has extraordinary potential. I will unlock it.”
Find out more about Elon Musk ‘offering to buy Twitter’ in the clip below…
Before his move was made public, he shared a tweet that read: “Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?”
He added: “The consequences of this poll will be important. Please vote carefully.”
A whopping two million people took part in the survey and 7 in 10 answered ‘no’ to Musk’s question.
This wasn’t the only question that he directed at followers. He also questioned whether Twitter’s headquarters should be converted into shelters for homeless people.
“No one shows up anyway,” he added.
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An experienced tech sector analyst at broker Wedbush Securities, named Dan Ives, has weighed on the billionaire’s move to his clients.
He reportedly said: “Given Musk’s long-standing critical view of Twitter and social media platforms, it was viewed that Musk could look to build a new social media platform to compete with Twitter and others.
“Instead it looks like Elon has his eyes laser set on Twitter and we would expect this passive stake as just the start of broader conversations with the Twitter board/management that could ultimately lead to an active stake and a potential more aggressive ownership role of Twitter.”
The very next day, it was announced that Musk had been appointed to Twitter’s board.
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