(DailyVantage.com) – Earlier this month, the news broke Elon Musk, the world’s richest man, had purchased enough stock in Twitter (9.2%) to be its largest shareholder. Then came reports he’d be joining the Board of Directors and subsequent reports the billionaire had changed his mind. Now, Twitter employees are allegedly freaking out, thinking Musk will try to buy out the social media platform — and their fears may not be that far off.
Musk’s rejection of Twitter’s offer apparently stressed out its employees, with Bloomberg reporting they were “working together to help each other get through the week.” One employee went so far as to call it a “sh-t show.”
Then, on April 13, Musk shook things up even further when he filed with the SEC, offering to buy out Twitter for more than its current share price in an all-cash deal totaling $43 billion. He said the platform needs changes and has “extraordinary potential,” and he’d be the one to unlock it.
Elon Musk is offering to buy out Twitter for $54.20 per share in an all-cash deal, saying the company needs to be transformed, according to an SEC filing.https://t.co/IgOCzrLRMn
— NPR (@NPR) April 14, 2022
Musk has been highly critical of the platform, especially regarding censorship issues. According to AP, Twitter has decided to contemplate Musk’s offer and determine whether it’s in the shareholders’ best interest. Of course, he could take more drastic measures and go in for a hostile takeover if he really wanted to. Twitter’s future is unwritten — and one character might hold the key.
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