HalfofTheHalfofThe
  • Home
  • Technology
    • Reviews
    • Amazon
    • Apple
    • Cars
    • Facebook
    • Google
    • Mobile
    • Samsung
    • Tesla
    • Twitter
  • News
    • Sports
    • Amazon
    • Apple
    • Business
    • Cars
    • Entertainment
    • Facebook
    • Mobile
    • Samsung
    • Science
    • Tesla
    • Twitter
  • How To
    • Amazon
    • Apple
    • Cars
    • Facebook
    • Games
    • Google
    • Mobile
    • Samsung
    • Science
    • Tesla
    • Twitter
  • Business
  • Entertainment
  • Health
    • Pets
    • What
    • Why
  • Lifehacks
    • Explain
    • SmartHome
    • SocialMedia
  • More
    • Amazon
    • Apple
    • Cars
    • Facebook
    • Google
    • Mobile
    • Netflix
    • Twitter
    • Samsung
    • Tesla
Search
Technology
  • How To
  • Explain
  • Mobile
  • Lifehacks
  • News
  • Reviews
  • SmartHome
  • Technology
Information
  • About Us
  • Contact Us
  • Cookie Policy
  • Privacy Policy
  • Terms and Conditions
All content
  • Home
  • Technology
    • Reviews
    • Amazon
    • Apple
    • Cars
    • Facebook
    • Google
    • Mobile
    • Samsung
    • Tesla
    • Twitter
  • News
    • Sports
    • Amazon
    • Apple
    • Business
    • Cars
    • Entertainment
    • Facebook
    • Mobile
    • Samsung
    • Science
    • Tesla
    • Twitter
  • How To
    • Amazon
    • Apple
    • Cars
    • Facebook
    • Games
    • Google
    • Mobile
    • Samsung
    • Science
    • Tesla
    • Twitter
  • Business
  • Entertainment
  • Health
    • Pets
    • What
    • Why
  • Lifehacks
    • Explain
    • SmartHome
    • SocialMedia
  • More
    • Amazon
    • Apple
    • Cars
    • Facebook
    • Google
    • Mobile
    • Netflix
    • Twitter
    • Samsung
    • Tesla
  • About Us
  • Contact Us
  • Cookie Policy
  • Privacy Policy
  • Terms and Conditions
2022. All Rights Reserved by Halfofthe. “As an Amazon Associate we earn from qualifying purchases.”
Notification Show More
Latest News
What We Know So Far About Season Two of The Last Of Us
What We Know So Far About Season 02 of The Last Of Us
Entertainment
As a small company Why we don't want to use Google apps or services
As a small company Why we don’t want to use Google apps or services
Google
Breaking Down the Samsung Galaxy S23 Price Increase in Europe and Australia
Breaking Down the Samsung Galaxy S23 Price Increase in Europe and Australia
Samsung
Samsung's Galaxy S23 Ultra May Get Selfie Camera Upgrades
Samsung’s Galaxy S23 Ultra May Get Selfie Camera Upgrades
News Samsung
WhatsApp is Improving Image Quality with New Feature
WhatsApp is Improving Image Quality with New Feature
News
Aa
HalfofTheHalfofThe
Aa
  • How To
  • Explain
  • Mobile
  • Lifehacks
  • News
  • Reviews
  • SmartHome
  • Technology
Search
  • Home
  • Technology
    • Reviews
    • Amazon
    • Apple
    • Cars
    • Facebook
    • Google
    • Mobile
    • Samsung
    • Tesla
    • Twitter
  • News
    • Sports
    • Amazon
    • Apple
    • Business
    • Cars
    • Entertainment
    • Facebook
    • Mobile
    • Samsung
    • Science
    • Tesla
    • Twitter
  • How To
    • Amazon
    • Apple
    • Cars
    • Facebook
    • Games
    • Google
    • Mobile
    • Samsung
    • Science
    • Tesla
    • Twitter
  • Business
  • Entertainment
  • Health
    • Pets
    • What
    • Why
  • Lifehacks
    • Explain
    • SmartHome
    • SocialMedia
  • More
    • Amazon
    • Apple
    • Cars
    • Facebook
    • Google
    • Mobile
    • Netflix
    • Twitter
    • Samsung
    • Tesla
Follow US
  • About Us
  • Contact Us
  • Cookie Policy
  • Privacy Policy
  • Terms and Conditions
2022. All Rights Reserved by Halfofthe. “As an Amazon Associate we earn from qualifying purchases.”
HalfofThe > Blog > News > Is Elon Musk’s offer to Twitter bad or will it save the company? 
News

Is Elon Musk’s offer to Twitter bad or will it save the company? 

Bippin
Last updated: 2022/06/14 at 9:05 AM
By Bippin Published April 16, 2022
Share
5 Min Read
Is Elon Musk's offer to Twitter bad or will it save the company? 

ELON MUSK‘s offer to purchase Twitter for $43 billion, as per a regulatory filing on Thursday. The surprise move has been labeled by some experts as merely a whim to garner attention, while others speculate that this is a game-changer that will end with him taking over the entire company. 

Is Elon Musk's offer to Twitter bad or will it save the company? 
Is Elon Musk’s offer to Twitter bad or will it save the company? 

The Tesla CEO, who owns 9.2 percent of the social media site and is the company’s biggest shareholder, has offered to buy the remaining percentage of the company for $54.20 per share. Which is a 38 percent premium on the price before his investment in the company that was announced on April 5. 

In a letter to Bret Taylor, chair of Twitter’s board, Musk said he had invested in Twitter as “I believe in its potential to be the platform for free speech around the globe, I believe free speech is a societal imperative for a functioning democracy.” However, Musk added, “I now realize the company will neither thrive nor serve this societal imperative in the current form.” His solution is to take the company private. 

If the offer, which was presented as final, is rejected, Musk has threatened to rethink his current position as a shareholder. “This is not a threat, this is merely not a good investment without the changes that have to be made,” as per Musk.

Elon Musk’s offer and Twitter’s response

Twitter’s response was swift, Spokesperson Brenden Lee gave WIRED a statement saying the company would “carefully review the proposal to determine the course of action that it believes is in the best interest of the company as well as all of Twitter’s stockholders.” Twitter’s share price did rise to $48.70 before trading opened on April 14, it is up more than 6 percent from the day before. The stock had opened up for trading at $48.36. 

Even if Musk, the company’s largest shareholder, wants the sale to go ahead, the rest of the large shareholders, including The Vanguard Group, Morgan Stanley, BlackRock, as well as State Street Corp, might not want to. 

A deal is never done until it is closed, and the deal could be stalled before it even begins. Given the offer as well as the obvious intentions behind it, Twitter’s board of directors could implement a shareholder rights plan, informally which is also called a “poison pill,” that when put in effect would prevent any individual shareholder from buying more than, for example, 10 percent of the company. This would dilute the value of the Twitter stock, thus, allowing other shareholders to ramp up the investments at a discounted price. 

Even if the bid proposed by him fails, and Musk does not get to see how well he could run Twitter along with Tesla and SpaceX, as Twitter’s primary shareholder, he will still likely win for sending the stock price soaring. 

Twitter employees worry that Elon Musk will destroy the company’s culture while creating a punishing work environment akin to Tesla. Tesla CEO suggested that Twitter no longer promoted free speech. He asked his millions of followers if the company needed a tool that allows users to edit their tweets after posting them.  

Already Musk has been taking jabs at the culture and how Twitter is being run, it looks like he wants to twist the company into the version of Twitter he has in his mind, which in all honesty might not be good for Twitter, or the users.  

Thankfully, Twitter management countered on Friday with the poison pill, so the discussion of, if Musk buying Twitter would be bad (it would be) or save the company seems pointless.  

If you liked this article (or if it helped at all), leave a comment below or share it with friends, so they can also know Is Elon Musk’s offer to Twitter bad or will it save the company.

You Might Also Like

Samsung’s Galaxy S23 Ultra May Get Selfie Camera Upgrades

WhatsApp is Improving Image Quality with New Feature

How to Check Voicemail on Android?

Bank of America customers are missing Zelle Transactions

How to add subtitles to Plex Media?

TAGGED: elon musk twitter
Share this Article
Facebook Twitter Pinterest Whatsapp Whatsapp Reddit Telegram Email Copy Link Print
Avatar photo
By Bippin
Aah, I see you’re here now, looks like I finally managed to capture your attention. If you’ve come all the way here then why don’t you follow my social accounts, so that you can be on this journey with me? Say what?
Previous Article YouTuber keeps his Switch OLED continuously: Check out the results YouTuber keeps his Switch OLED continuously: Check out the results
Next Article iPhone 14 could finally introduce satellite connectivity iPhone 14 could finally introduce satellite connectivity. Finally!
1 Comment 1 Comment
  • Pingback: How much would it cost to design and develop an iPhone app like Uber?   - HalfofThe

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending

Learn how to use the Microsoft word document
Learn how to use the Microsoft word document
Explain Microsoft
A few details regarding the upcoming Google Pixel 7 as well as the Pixel 7 Pro
A few details regarding the upcoming Google Pixel 7 as well as the Pixel 7 Pro 
Google
Apple M1 VS M2 Comparison - Features and Specs
Apple M1 VS M2 Comparison – Features and Specs
Apple Mac
How to Electronically Sign PDF Documents Without Printing and Scanning Them? Easy guide
Life How To
What Is r/Place? How to use it on Reddit? Everything Explained about rPlace
What Is r/Place? How to use it on Reddit? Everything Explained about rPlace
Lifehacks How To SocialMedia
How to View Blurred Text on Websites?
How to View Blurred Text on Websites?
How To

People Also Ask For

Samsung's Galaxy S23 Ultra May Get Selfie Camera Upgrades
News

Samsung’s Galaxy S23 Ultra May Get Selfie Camera Upgrades

Bobby Pulse Bobby Pulse January 23, 2023
WhatsApp is Improving Image Quality with New Feature
News

WhatsApp is Improving Image Quality with New Feature

Bobby Pulse Bobby Pulse January 23, 2023
How to Check Voicemail on Android?
Technology

How to Check Voicemail on Android?

Bippin Bippin January 18, 2023
Bank of America customers are missing Zelle Transactions
News

Bank of America customers are missing Zelle Transactions

Bobby Pulse Bobby Pulse January 18, 2023
How to add subtitles to Plex Media?
How To

How to add subtitles to Plex Media?

Sri Charan Sri Charan December 24, 2022
How much RAM is required to run a basic Plex server on your laptop?
How To

How much RAM is required to run a basic Plex server on your laptop?

Sri Charan Sri Charan December 24, 2022
How to print from an Android phone
Technology

How to print from an Android phone

Sri Charan Sri Charan December 22, 2022
How to Mirror Android to TV
Technology

How to Mirror Android to TV

Sri Charan Sri Charan December 22, 2022
How to get help in Windows?
Technology

How to get help in Windows?

Bippin Bippin December 1, 2022
How to enable developer mode in Android?
Technology

How to enable developer mode in Android?

Sri Charan Sri Charan November 17, 2022
How to block a Phone number on Android?
Technology

How to block a Phone number on Android?

Sri Charan Sri Charan November 17, 2022
10 Budget friendly headphones
Technology

 10 Budget friendly headphones

Sri Charan Sri Charan November 12, 2022
Show More
HalfofTheHalfofThe
Follow US

2023. All Rights Reserved by Halfofthe. “As an Amazon Associate we earn from qualifying purchases.”

  • About Us
  • Contact Us
  • Cookie Policy
  • Privacy Policy
  • Terms and Conditions

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?