Musk was invited to join the company's board of directors in an attempt to mollify him, but he turned them down. Musk said on April 14 that he was going to take it public. Musk said in the SEC filing that he had lost faith in the current management of the company. During a live interview at the TED conference, Musk said that he wanted to buy Twitter for the future of civilization, and also described the SEC asbastards.
According to the New York Times, the board started negotiating the sale of the company after Musk laid out his plans on April 20.
The proposed transaction will deliver a substantial cash premium according to the board chair.
Musk's acquisition has been responded to in predictable ways. While the billionaire's fans are thrilled that the service will now be owned by a tech bro who believes everyone should always be allowed to say whatever they want, others are concerned that his purchase signals the death knell for the company. After crossing swords with Musk on social media, women journalists, scientists, and politicians have been receiving online abuse.
After the board was reported to be planning to accept Musk's offer, #RIPTwitter started to trend on the platform.
Prior to the final announcement of the deal, some US conservatives hoped that Musk would live up to his promises of promoting free speech above all else. The Big Tech has been accused of censoring right-wing politicians despite studies to the contrary. After Donald Trump was accused of using the service to inciting supporters to storm Capitol Hill, his account was permanently suspended.
Even if Musk restored Trump's account, he wouldn't come back.
Trump told Americano Media in an interview that he probably wouldn't have any interest in returning. They have gotten rid of a lot of their good voices.
The story is developing.
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