JMP Securities equity analyst Andrew Boone and T3 Trading CSO Scott Redler are analyzing the billionaire entrepreneur’s bid for social media giant The Claman Countdown.
Elon Musk, the world’s richest man, is ready to give $ 43 billion to Twitter in a bid to ensure that what he describes as the world’s “de facto city hall” becomes a platform that plays fair.
Ticker Security Last Modified Change% TWTR TWITTER INC. 45.08 -0.77 -1.68%
“Technically, I could afford it,” said Musk, who has a net worth of $ 264 billion, during a TED talk with Chris Anderson on Thursday after proposing to make Twitter private.
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Elon Musk speaks at SESSION 11 of TED2022: A New Era. April 10-14, 2022, Vancouver, British Columbia, Canada. (Photo: Ryan Lash / TED)
“But what I’m saying is that this is not a way to make money. My strong and intuitive feeling is that having a public platform that is highly trusted and widely inclusive is extremely important for the future of civilization. I don’t care about the economy at all, “he explained hours after making his proposal for a hit film about the social media giant.
CALIFORNIANS GET INVOLVED IN THE BATTLE TO TAKE OUT OF ILON MUSK TWIT
In the pursuit of Musk for justice, he still generates unexpected income for shareholders and management.
The social media giant’s market value reached $ 40 billion when it unveiled its 9.2 percent stake in the company this month, according to the Dow Jones Market Data Group, compared to $ 29.9 billion on Jan. 31, when it first opened. began to stock up without knowing the investing public.
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Twitter has been sharing since the beginning of 2022
Documentation to the Securities and Exchange Commission, published on April 4, describes his purchases, which lasted until April 1, as a ceiling of $ 39.34. Shares have risen more than 16% this year, compared to a 6% drop in the Nasdaq Composite.
Host Chris Anderson and Elon Musk speak at SESSION 11 of TED2022: A New Era. April 10-14, 2022, Vancouver, British Columbia, Canada. (Gilberto Thaddeus / TED)
Musk, who describes himself as an “absolutist of free speech,” stressed that revising Twitter is key to democracy.
“This is important for the function of the United States as a free country and many other countries, and to actually help freedom in the world more widely than the United States,” he said.
“It’s damn annoying when someone you don’t like says something you don’t like. It’s a sign of a healthy, functioning freedom of speech situation,” he said.
Musk also said he had another plan if the Twitter board rejected his proposal without being specific. On Thursday night, Twitter said its board was reviewing the offer.
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