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Musk: Why I Invested in Twitter

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"Twitter has incredible potential, and I'm going to unleash it."

Tesla CEO Elon Musk issued an acquisition offer to Twitter today, intending to acquire it in the form of $54.20 per share in cash, as a whole The valuation is about $43.4 billion. Rhythm BlockBeats translates the takeover offer as follows:

The reason I invested in Twitter is that I believe it now has what it takes to become a global free speech platform. platform, and I believe that free speech is a social responsibility of a functioning democracy.

However, since I invested in Twitter, I now realize that in its current state, Twitter will neither prosper nor meet the demands of society. need. Twitter needs to transform into a private company.

Accordingly, I am offering to acquire 100% of Twitter for $54.20 per share in cash, a 54% premium to the day before I started investing in Twitter, and a 54% premium to my publicly announced investment The day before the news there was a 38% premium. My quotation is the best and final price I can give. If this price is ultimately not acceptable, I will reconsider my position as a shareholder.

Twitter has incredible potential and I will unleash it.

Elon Musk

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