censorship
Elon Musk Offers to Buy 100% of Twitter to Rescue it as a Free Speech Platform
“Twitter needs to be transformed as a private company.”
Elon Musk has made a “best and final offer” to purchase 100% of Twitter in order to rescue the social media giant as a “platform for free speech around the globe.”
In an updated filing, Musk has offered to purchase Twitter for $54.20 per share in cash, an amount that puts the value of the company at around $43 billion.
Musk asserted in the filing that if the offer was declined he would “reconsider my position as a shareholder,” meaning he would dispose of his stake.
In a letter sent to Chairman of the Board Bret Taylor, Musk made clear that his intention was to rescue Twitter and return it to its original role as being an uncensored free speech platform for the world.
Here’s the letter in full;
Bret Taylor
Chairman of the Board,
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.
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.
As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.
Twitter has extraordinary potential. I will unlock it.
-Elon Musk
According to Vital Knowledge’s Adam Crisafulli, Musk’s offer is “too low” for shareholders or the board to accept.
However, the offer is likely to send blue checkmark journalists and far-left activists into hysterics, given that they have largely turned Twitter into a platform that buries and ring fences free speech rather than facilitates it.
Shares in Twitter spiked by around 18% after news of the offer emerged.
Elon Musk went from:
1. teasing changes to twitter over a poll
2. buying a 9.2% stake
3. accepting then declining a board seat
4. getting sued by twitter shareholders over delayed disclosure
5. offering to buy ALL of twitter
in just a few weeks. absolute rollercoaster
— litquidity (@litcapital) April 14, 2022
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AOC is just mad because, unlike before, she can’t have people who make fun of her demonized and banned.
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censorship
Rand Paul: Elon Musk Will Go Down As A Historic Champion For Free Speech
“Somewhere along the way something happened and people began to think that only certain forms of speech were acceptable.”
Senator Rand Paul praised Elon Musk Wednesday for standing up for free speech, predicting that the Twitter owner will be recorded as a key figure in history in the fight against censorship.
Referring to Musk’s compelling take down of a CNBC hack earlier this week, Paul noted “Thank God for someone who can still speak their mind and won’t take some guff off a journalist who tells him he can’t speak his mind.”
“Somewhere along the way something happened and people began to think that only certain forms of speech were acceptable,” The Senator urged.
“Then along came Elon Musk,” Paul continued, adding “The country, the Bill of Rights frankly, all of us, are going to be very thankful that a guy with a lot of money bought a social media entity and allowed us to see the government colluding to limit speech.”
“People need to get this right. Private companies can decide what they want to air, newspapers can, television shows can. But what we cannot allow to happen is the government to collude with private business and use them basically as their extension and their arm of censor,” Paul emphasised.
He added that “Elon Musk exposed this only because he had 44 billion dollars to buy a company and expose their inner workings off collusion with government.”
Watch:
The full interview is below:
Related:
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Elon Musk almost caused a mainstream journalist’s head to explode when he explained how not everything should be about obtaining money and power.
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