Elon Musk has suggested to Twitter that he pay $ 43 billion to buy the company’s entire stock.
The controversial figure on social media recently bought a 9.2% stake in Twitter and, of course, insisted that he did not intend to become a member of the company’s board of directors. Now, after several days, he says that he intends to make fundamental changes in this social network by buying all the shares of Twitter.
The billionaire wrote in a letter to this end that he realized during this period that Twitter would not grow in its current form and should become a private company. Elsewhere in Mr. Musk’s letter to Twitter chairman Brett Taylor, he said: “I’m not very interested in bargaining. “If I am not accepted, I will reconsider my 9.2% stake.”
The Tesla owner’s remarks have been hailed as a threat to current Twitter shareholders, as Musk explicitly says they should either sell him the entire Twitter account for the same amount or he will sell his shares.
One of the important points in this process was the deliberate refusal of Mask to participate in the Twitter board, because if Mask had become a member of the board, he could not have had a more than 15% stake in this company.
Some news sources have put Mask at $ 41 billion and $ 390 million, respectively.
Elon Musk, who joined Twitter in 2019, has more than 80 million followers on the platform and has used this capacity to influence various economic issues of his companies, including the promotion of several digital currencies that experts value. Do not have real pointed. Mr. Mask has been able to increase the value of these currencies, which according to experts are not very strong projects, by sharing images and content about cryptocurrencies such as Dodge and Shiba at different times. These gains, of course, have often been intermittent and have fallen sharply over time. Critics of Mask say that with these bluffs, he deceives digital currency market participants, encourages them to buy these currencies, and sells the cryptocurrencies himself at peak prices. Experts in the field have repeatedly warned against attending and investing in such baseless cryptocurrencies that could be blown away overnight.
Many masked critics also accuse him of making unfulfilled slogans and promises. So far, several of his promises to carry out his various projects have not been fulfilled, and experts believe that he is bluffing public opinion in order to increase the profits of his economic activities.
It is unknown at this time what he will do after leaving the post. Elsewhere in his letter, Musk says he believes Twitter has tremendous potential for growth, and that he will grow that capacity.