It Looks like Nothing Will Stop Elon Musk from Owning Twitter

MarketWatch2022-04-26

Elon Musk’s $44 billion deal to buy Twitter Inc. and take it private may have many users up in arms, but that won’t stop the deal, and Musk’s most prominent adversary is powerless to stop it.After ...

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Comments

koolgal
2022-05-01
koolgal
Elon Musk's newest baby Twitter will keep him occupied and, his other baby Tesla maybe somewhat neglected. Hopefully things will be back on an even keel as Elon Musk revamped Twitter to champion free speech.
limjohn22
2022-04-26
limjohn22
[Applaud]
Mystique
2022-04-26
Mystique
K
hitithard
2022-04-26
hitithard
K
Longshot
2022-04-26
Longshot
Like
ChunHui
2022-04-26
ChunHui
Like

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While the company’s Saudi investors have already said they would vote against the takeover, it appears unlikely that enough investors will join them to block the deal, which provides a 38% premium to where Twitter was trading before Musk started buying shares.Which leaves only regulatory bodies. Musk is still fighting with the Securities and Exchange Commission over market-moving statements he made in 2018 over Twitter, and has regularly tweeted vitriolic statements at the regulator. 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Musk has stated many of his plans for Twitter on the platform itself, from making tweets available to edit and allowing for “free speech.” Musk also has outlined some cost-cutting measures for what he recently called the “de facto town square.”Barring an unseen change, this deal will go through, and Twitter will become a private company. What will happen then is the biggest question, but Musk also said in a recent TED Talk interview that he didn’t “care about the economics at all,” implying that he would not focus on Twitter’s profitability or revenue growth.If Musk is going to put economics aside, it’s a good thing for Twitter that he is taking it private, where the company can avoid Wall Street’s scrutiny of its slow-growing user base and revenue. 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