Elon Musk wants to conquer the world of Twitter.
Weeks after the 50-year-old entrepreneur became the company’s largest shareholder, he sent a letter to the chairman of Twitter Bret Taylor on April 13, writing that the social media platform should be made private in order to protect free speech.
“I invested in Twitter because I believe in its potential to be the platform for free speech worldwide, and I believe that free speech is a societal imperative for a functioning democracy” , he wrote. “However, since making my investment, I now realize that the business will not thrive or serve this societal imperative in its current form. Twitter needs to be transformed into a private enterprise.”
Because of his beliefs, the Tesla CEO made an offer to buy 100% of Twitter for $54.20 per share, which equates to $43 billion.
“My offer is my best and final offer and if not accepted I will have to reconsider my position as a shareholder,” he wrote, adding that Twitter has “tremendous potential” that it will “unlock.” .