By John Gruber
Stop political robocalls & texts with Nomorobo!
24% off with code DARINGFIREBALL24.
Elon Musk, in a letter to Twitter chairman Bret Taylor and filed with the SEC:
I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.
However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.
As a result, 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. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.
Twitter has extraordinary potential. I will unlock it.
Also from that SEC filing, these bullet points from Musk:
Musk can say it’s not a threat, but what he means is that it’s not merely a threat. If Musk pulls out of Twitter I think Twitter’s share price will, at least temporarily, sink.
★ Thursday, 14 April 2022