Elon Musk has offered to buy Twitter, for $41 billion. The surprise move has been labelled by some experts as a whim to gain attention, while others think it's a game changer. Via WIREDUK
before trading opened on April 14, up more than 6 percent from the day before. The stock opened up, trading at $48.36.
Other responses to the takeover attempt have focused on what Musk would do if it goes through. Musk’s direct mention of free speech in the letter accompanying his bid has people worried that if he does take over the platform, he could roll back some of the platform's measures against hate speech. While Musk, the company’s largest shareholder, obviously wants the sale to go ahead, other large shareholders, including The Vanguard Group, Morgan Stanley, BlackRock, and State Street Corp, may not. WIRED asked all four firms whether they would accept a Musk takeover. At the time of publication, Morgan Stanley had not responded.
Even if the bid fails, and Musk doesn’t get to see how well he could run Twitter alongside Tesla and SpaceX, as the firm’s primary shareholder, he likely still wins for sending the stock price soaring.
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