the staff of the Ridgewood blog
Ridgewood NJ, Elon Musk offered to buy Twitter for $54.20 a share, saying the social media company needs to be transformed privately. Twitter shares jumped 12% in premarket trading after closing at $45.85 a share on Wednesday.
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.
As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.
Twitter has extraordinary potential. I will unlock it.
Elon Musk
Fun to watch the libs panic
Outright purchase.
I figured it would be a hostile takeover.
Can you imagine if he gets it? It will mean that the Left would be left with only about 90% of the indoctrination media to work with.