Elon Musk, a billionaire, has acquired ownership of Twitter in one of the largest technology acquisitions in history. Musk will acquire the social network for around $44 billion, or $54.20 per share. Musk announced his takeover attempt on April 14, referring to it as his ‘final and best offer.’
However, his bid prompted Twitter to implement a ‘poison pill defense’ against a hostile takeover. However, after Musk declared that he had obtained finance, the Tesla board began negotiations with the co-founder of Tesla. According to the Wall Street Journal, Musk met privately with “a number of firm shareholders to espouse the advantages of his idea” on Friday and also made video calls to them to make his case.
Musk earlier today tweeted, “I hope that even my harshest critics remain on Twitter because that is what free expression entails.” Additionally, Musk tweeted an odious remark about Microsoft co-founder Bill Gates on Saturday, reportedly in response to Gates shorting Tesla. The tweet currently has over a million likes. He then joked that his tweet was certainly being reviewed by the shadow ban council.’
On the platform, he has been a stalwart defender of ‘free speech.’ Musk stated in the filing to the US Securities and Exchange Commission, “I invested in Twitter because I believe it has the potential to be the global platform for free speech, and I believe that free speech is a societal requirement for a functioning democracy.” Additionally, he stated in the petition, “Twitter possesses great potential.” I’m going to unlock it.”
Musk has already floated the idea of privatizing Twitter. He also recently tweeted, “If our Twitter bid is successful, we will destroy spambots or perish trying!” followed by another post in which he stated that he desired authentication of all humans on the platform.
The Tesla co-founder has already spoken on the platform’s need for an ‘Edit Button’ and even conducted a poll in which he purposefully misspelled yes and no, apparently to emphasize the necessity for an edit button given the many errors people make while tweeting. It’s worth noting that Twitter has previously confirmed the implementation of an Edit button.