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After Putting $41B on Twitter, Elon Musk Discusses Going All in -Breaking

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© Reuters. Elon Musk Talks About Going All In After Spending $41B On Twitter
  • Elon Musk speaks out about purchasing Twitter (NYSE:).
  • Musk shares his opinions on Twitter’s private future.
  • Twitter can also comment on the most recent updates.

Elon Musk (NASDAQ:), the CEO and largest shareholder in Twitter discusses the possibility of taking control of Twitter for $43 Billion. After Elon Musk, a well-known businessman purchased 9.2% of the social media company.

Musk asked for opinion on taking Twitter private in a tweet, April 15. Soon after, news came up about him stating, “Twitter needs to be transformed as a private company,” according to a YouTube video made by New Money.

As Musk stated, his offer of $54.20-a-share is his “final and best.” He also reiterated to Bret Taylor, Twitter Chairman, that he will not budge on the price. He also stated that he doesn’t trust the Twitter board management.

If the deal doesn’t work, given that I don’t have confidence in management nor do I believe I can drive the necessary change in the public market, I would need to reconsider my position as a shareholder.

The history of Musk’s series of decisions in this matter goes back to March 25, when he shared a post on Twitter, asking his followers if they think Twitter supports freedom of speech. A number of 70.4% answered “No.”

Musk made his first move after becoming the largest shareholder in Twitter, with 9.2%. This allowed him to propose changes to Twitter’s management. He discussed many of Twitter’s features, yet his share did not allow him to make changes.

Now, as Musk has made a major offer and while Twitter’s management is actually considering this offer, it seems like Musk is only one step away from giving his followers what they want.

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