Leave it to Elon Musk to slip a weed joke into his $43 billion bid to buy Twitter.
The billionaire issued a surprise offer to buy 100% of Twitter at $54.20 per share – a number that just happens to include a “420” reference to pot smoking.
The number has a special significance for pot enthusiasts – and for Musk himself, whose frequent inclusion of the reference in serious business dealings has spawned countless memes. “I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced,”– sharing a meme of himself surrounded in smoke during his infamous 2018 appearance on “The Joe Rogan Experience” podcast.Elon Musk shared the meme on Twitter.Musk’s most infamous reference to the number occurred on Aug.
The tweet kicked off Musk’s lengthy legal dispute with the SEC, which sued the billionaire for allegedly making false or misleading statements. The agency said Musk’s use of “$420” was a weed references meant to impress his on-and-off girlfriend, the electronic pop star Grimes. Elon Musk said his 2018 tweet referencing a plan to take Tesla private at $420 per share was a joke to impress his girlfriend, Grimes.In a September 2018 filing, the SEC said Musk stated he used the number “because he had recently learned about the number’s significance in marijuana culture and thought his girlfriend “would find it funny, which admittedly is not a great reason to pick a price.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk is hit with a class action lawsuit over his Twitter investment | EngadgetElon Musk has only been Twitter’s largest shareholder for a few weeks, but he’s already facing a class action lawsuit over his handling of the investment..
Read more »
Elon Musk Sued by Twitter Investors Over Late DisclosureTwitter shareholders filed a proposed class action accusing the Tesla mogul of profiting off of his failure to notify financial regulators of his stake in the company.
Read more »
Elon Musk Sued for Allegedly Dawdling on Disclosure of Twitter StakeAccording to Marc Bain Rasella’s complaint, in dragging his feet to file, Elon Musk – Twitter’s most notorious troll – managed to scoop up more shares at a deflated price.
Read more »
Twitter ‘a s–t-show’ for employees since Elon Musk took major stake: reportMusk’s surprise rejection of a Twitter board seat emerged ahead of a scheduled “day of rest” for company employees, according to a report.
Read more »