Hours after he revealed a $43 billion offer, Musk acknowledged he is not sure, but he will be able to buy it.
Just hours after he revealed in a regulatory filing that he offered $54.20 per share to buy the platform, Musk commented at the TED2022 conference. The board must still review the offer, which values the shares much lower than they were last summer. The offer would be his best and final one.
If Musk is able to buy the company and take it private, he would like to keep as many shareholders as possible. Even though he is the richest man in the world, he doesn't care about economics.
Chris Anderson asked Musk if there was a Plan B if his current offer was rejected.
He didn't elaborate.
Despite his wealth, Musk's assets are not liquid, leaving some analysts wondering how he would provide the funds if his bid were accepted. Anderson asked if he had secured funding, alluding to Musk's controversial statement that he would take the company private.
Musk said he has enough assets to do it.
Funding was actually secured for the earlier private Musk Musk.
Should he be successful in gaining control, Musk laid out his vision for the site.
He said it was important for there to be an inclusive arena for free speech.
He acknowledged a need for some level of moderation, like around explicit calls to violence, and said the service would have to comply with the laws of the countries in which it operates.
He wants the platform to be more open and accessible so that people can critique it and raise concerns.
He said that there should be information attached to the altered message explaining why. Links to its policies are attached when it removes or labels a post that violates its guidelines.
Time-outs are preferable to permanent bans, according to Musk.
He said ridding the platform of scam bots was one of the top priorities.
There is a developing story. You can check back for updates.
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