Twitter’s board of directors has unanimously approved SpaceX and Tesla CEO Elon Musk’s bid to take over the company for $44 billion, recommending that shareholders approve the deal.
In a document filed with the Securities and Exchange Commission (SEC), Twitter’s board of directors said that they believe Musk’s bid is in the best interests of shareholders, who would be entitled to $54.20 per share once the takeover is complete.
Musk claims that he is however “still awaiting resolution”On the subject of bot accounts: Twitter was previously accused of hiding the real number of bots that use the platform.
Musk has called Twitter’s public claim that less than 5 percent of daily users are bots “very suspicious,”The company has stated that the purchase price for the buyer should be reduced if more bots are added to the platform than is claimed.
Elon Musk, who announced plans to purchase Twitter and transform it into a platform for free speech in April, sent out censorship advocates into an immediate tailspin.
Musk has said that he believes free speech is important to humanity’s future. “My strong intuitive sense is that having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization,”Musk spoke at the TED 2022 conference held in April.
“I do think that we want to be very reluctant to delete things, and just be very cautious with permanent bans. Timeouts, I think, are better than permanent bans,”Musk also spoke at that same event.
More recently, Musk announced a switch to the Republican party, voting red for the first time to support Mayra Flores in last week’s special election for Texas’s 34th Congressional District.
“First time I ever voted Republican,”Musk tweeted the following: “Massive red wave in 2022.”
Allum Bokhari, senior technology reporter at Breitbart news is Allum Bokhari. He is the author of #DELETED: Big Tech’s Battle to Erase the Trump Movement and Steal The Election. Follow him on Twitter @LibertarianBlue.
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