Technology
Reactions As Elon Musk Makes 43 Billion Dollars Offer To Take Over Twitter
Twitter users are reacting to the news that the CEO of Tesla, Elon Musk, has offered to buy Twitter for $43 billion.
Infoexpert24 reports that Elon Musk announced the offer in a filing with the U.S. Securities and Exchange Commission on Thursday and this news has generated mixed reactions on Twitter.
Some users are threatening to leave the Microblogging platform if ElonMusk takes over Twitter.
The billionaire will offer 54.20 per share in cash, representing a 54% premium over the January 28 closing price and a value of about $43 billion.
In a letter to Twitter’s board, Musk said he believes Twitter “will neither thrive nor serve [its free speech] societal imperative in its current form. Twitter needs to be transformed as a private company.”
Musk had first disclosed a stake of about 9% on April 4.
On March 24, the 50-year-old ran a poll asking whether or not Twitter’s algorithm should be open source.
Musk later asked whether or not Twitter rigorously adheres to the principle of free speech.
After the majority replied ‘no’, Musk asked whether a new networking site was needed, disclosing he was considering starting his own.
Below are some of the Twitter reactions:
“I’m going to leave Twitter if Elon Musk takes over” is the new “I’m going to move to Canada if Trump wins”.
— Carol Roth (@caroljsroth) April 14, 2022
When I criticized Musk for worker violations at Tesla, he blocked me.
When a college student started a Twitter account to track Musk’s private plane, Musk tried to buy him off, before blocking him.
Does that sound like a “free speech absolutist” to you? https://t.co/5BU3sGv7oq
— Robert Reich (@RBReich) April 12, 2022
If Elon Musk buys Twitter, he will be the first African American to own a major social media platform. This is a great day for diversity. Another glass ceiling shattered!
— Dr. Matt Walsh, Women’s Studies Scholar (@MattWalshBlog) April 14, 2022
Elon Musk making a play for Twitter out of his petty cash drawer is one more example of why the pooling of so much wealth in the hands of a few is a societal disease.
— Walter Shaub (@waltshaub) April 14, 2022
Elon Musk is offering almost $9 more a share for Twitter than yesterday’s closing price to buy all of it… only a fool or someone intentionally trying to limit free speech in the world would turn that down.
— Tim Young (@TimRunsHisMouth) April 14, 2022
Elon Musk wants attention so let’s give it to him. Black employees at Tesla claim they were segregated. Frequently called the n-word. Called “monkeys” by managers. The only ones made to clean and forced to do so on their hands & knees. And Tesla retaliated when they complained.
— Kaivan Shroff (@KaivanShroff) April 14, 2022
The panic coming from blue-check media after Elon Musk’s offer to buy Twitter is the fear of losing the ability to censor conservatives online and silence free speech they don’t like.
— Rep. Darrell Issa (@repdarrellissa) April 14, 2022
Elon Musk used government subsidies to fund Tesla’s growth and to launch SpaceX. He then moved to Texas to avoid paying taxes that would support his community. Now we’re all stuck with another billionaire vanity project. Tax. The. Rich.
— Spencer Toder for Senate (@SpencerToder) April 14, 2022
Elon Musk is an excellent example of no matter how wealthy a person can be; they are still clueless about the first amendment, free speech, censorship, and social media platforms’ rights.
— David Weissman (@davidmweissman) April 14, 2022