The platform needs to go private to thrive and serve free speech according to Musk, who has offered to buy all of the company for $54.20 a share.
If my offer is not accepted, I will need to rethink my position as a shareholder.
It has extraordinary potential. I will open it.
I made an offer https://t.co/VvreuPMeLu
— Elon Musk (@elonmusk) April 14, 2022
After buying a 9.2% stake in the company, Musk rejected an offer to join the board.
Free speech advocates have supported Musk's increased interest in the social network, but he has been criticized by some for his plans.
In his letter to Taylor, Musk emphasized his desire to promote free speech on the platform.
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.
The final offer would be his best. He would reconsider his position as a shareholder if it is not accepted.
Your move on the social networking site.
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