All of the commotions behind the shots being taken back and forth between Twitter and Elon Musk has resulted in a favorable outcome for the multi-company CEO. Musk eventually bought a 9.2% stake in the social media company. This move made him one of Twitter’s largest shareholders and it could have allowed him a position as both a director and board member. An offer Musk then turned down.
Instead, he was looking to take the company over, offering a “best and final” offer that Twitter’s board had to vote on. Although a poison pill was in the works to try to block his attempts of taking the company over, it appears the company opted against this and voted in the billionaire’s favor.
An offer for almost $44 billion ($54.20 per share) was accepted by Twitter, which will allow Elon to buy the company and take it private. He claims to lean toward promoting free speech and eliminating bots while putting the focus on real people, along with a number of other things that could lead to a huge shift for the social platform.
Many have expressed both concern and celebration for the news, as those for and against it take to various social platforms (including, of course, Twitter) to share their comments. There is no telling how this will improve things or not as it will take some time for the effects of any changes to be noticable. He may very well turn the platform around and clean up the mess of misinformation and automated garbage that trumps all of the content being posted by human users. Either way, the billionaire now has another massive company in his portfolio.