After becoming Twitter's largest shareholder, Elon Musk now wants to buy the company outright and take it private in an effort to make it the 'platform for free speech around the globe.'
made Wednesday revealing his bid to purchase the social media company outright and take the company private as its sole owner. “I made an offer,” Musk wrote alongside the link.
Musk’s offer is the latest in what has been a tumultuous few weeks as Musk turned his financial and cultural gaze toward the social media platform. Musk announced he had acquired a 9.2% stake in the company on April 4, making him Twitter’s largest shareholder, after purchasing millions of shares in the company over a three-month span beginning in Jan. 2022.
That messaging continued in a letter to Twitter board chair Bret Taylor. “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,” Musk said. “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.
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