Twitter’s board has accepted an offer from billionaire Elon Musk to buy the social media company and take it private, the company announced Monday.
Elon Musk is becoming something of a modern-day folk hero, what between flying rockets into space better than NASA, and launching cyber satellites more effectively than the Pentagon, to now buying Twitter because he wants "free speech " for the world, you might be tempted to think he's the best thing since sliced bread. As the old infomercials from the 1970's used to say, "but wait,,,there's more!"
"And the devil, taking him up into an high mountain, shewed unto him all the kingdoms of the world in a moment of time. And the devil said unto him, All this power will I give thee, and the glory of them: for that is delivered unto me; and to whomsoever I will I give it." Luke 4:5-7 (KJB)
How much more? Just remember that Elon Musk is also the same guy who wants to put a microchip into everyone's brain with his company Neuralink. Everything that Elon Musk is touching right now is turning to rock, solid gold, but ask yourself this question. Since Musk is, by his own admission, not a born again Christian, who might it be that is blessing him with this astonishing level of wealth, power and influence? My guess would be it's the one to whom the kingdoms of this world have been given. Now get ready for your Neuralink microchip brain implant, don't worry, you'll love it. No, not me, you. I choose Jesus.
Twitter accepts Elon Musk’s buyout deal
FROM CNBC: “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in a statement included in the press release announcing the $44 billion deal. “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”
The cash deal at $54.20 per share is valued at around $44 billion, according to the press release. Twitter will become a private company once the deal is complete.
The announcement ends a weeks-long saga Musk kicked off when he disclosed a large stake in the company. Soon after, the company said he would join the board, only for Musk to reverse course on that plan several days later. Then, he offered to buy the company at $54.20 per share, his “best and final.” That offer valued Twitter at about $43 billion.
Assuming the deal closes and Musk takes ownership of Twitter, the company will be controlled by the world’s richest person and someone who’s been a heavy critic of the platform while using it in legally contentious ways, mostly through sensitive posts about his car manufacturer, Tesla. Though Musk has indicated that his primary interest in Twitter has to do with what he views as the company’s censorship of free speech, Musk critics are justifiably concerned that the billionaire’s control over the platform will result in the silencing of their voices and others with whom he may disagree.
Twitter’s board sought to fend off a hostile takeover by adopting a so-called poison pill, or shareholder rights agreement, that would allow other shareholders to buy the stock at a discount should Musk or another person or group acquire more than 15% of outstanding common stock. The plan would dilute that person’s holdings in a strategy commonly employed to prevent unwanted acquisitions. READ MORE
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