Elon Musk Offers $43 Billion to Buy Twitter—and Sparks a Battle for Its Future

Other answers to the attempted seizure look at what Musk would do if it passed. Musk’s direct mention of freedom of speech in the accompanying letter and his intentions are causing people to worry that if they take over the platform, they will be able to recapture some of the platforms against hate speech.

“I would say that there would be a crisis in democracy around the world if someone like Elon Musk had Twitter,” said Christopher Bouzy, founder of BotSentinel, an employee who follows the fraudulent practices on Twitter. Musk’s absolutist approach to free speech could open the door for people like Donald Trump, who was banned from Twitter in January 2021 for inciting riots at the US Capitol via television, to get back on the page.

“Twitter will be the culmination of mistakes and distortions that have real consequences,” says Bouzy.

One reason Musk might want to buy the business – if he is serious – is because it works like a megaphone in his mind. Cary Cooper, a professor of commerce at Manchester Business School, said: “She is a business person, in many ways. She has done very well in her business, and I can understand her looking for a way to communicate. ”

But the big question is: How is it possible for Musk’s request to be granted? Although the $ 54.20 share price rises from pre-Musk shares price, it is still low from the $ 77.06 share price in February 2021. It is also less than the 52 weeks the company has been selling. And intraday trading on April 14, which fell below the opening price, shows that the market does not believe Musk can get rid of it. Musk’s 38 percent premium “is almost in the range of premium premium for companies,” which tends to lie between 30 and 40 percent more than the current price, said Galpin. “It simply does not want to make sure that enough shareholders will agree to be offered at such a rate,” he said.

While Musk, the company’s main shareholder, apparently wants the sale to continue, other major owners, including The Vanguard Group, Morgan Stanley, BlackRock, and State Street Corp, will not. WIRED asked all four companies if they would agree to take Musk. At the time of publication, Morgan Stanley had not yet responded. Ed Patterson, head of international relations at State Street Corp, Barbara Williams, director of corporate communications at BlackRock, and Vanguard spokeswoman Alyssa Thornton said she could not comment on other companies.

The wisdom of the common business may indicate that they may refuse to give. “Enima some stocks may have shares for reasons based on their value, not financial,” says Galpin. “It will be a mix-up between shareholders. Is their financial stereotypes or stereotypes a personal, socially inclusive concept? Only those shareholders can know this.”

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