Elon Musk wants to own huge social media platforms this time after Tesla and SpaceX. Elon Musk has offered to buy twitter, a huge social media platform. Billionaire Alan Mask has offered to buy at a price of $54.20 per Twitter share.
Twitter stocks reportedly rose 18 percent after Musk's offer to buy Twitter. He informed about a proposal submitted to the Us Securities and Commission. It may be recalled that Mask currently owns more than 9% of Twitter's shares and is the company's largest shareholder. Twitter's board on the other hand said it would review the proposal and it would be in the interest of all Twitter stakeholders.
"I invested on Twitter because I believe it is likely to be a platform for free speech all over the world, and I believe that free speech is a social imperative for a dynamic democracy," Said Alan Mask, in his reference to buying Twitter. However, from the investment staked here I now realised that the company does not or cannot meet this social requirement in the present form. So Twitter needs to be converted into a private company. ”
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