Effectively, this might be entertaining. In every week Elon Musk has moved from holding a 9.2% stake in Twitter with a seat on the board to providing to purchase out the social-media web site for $43 billion money. The supply is inflicting a meltdown in progressive circles that don’t recognize Mr. Musk as a lot on free speech as they do when he’s constructing electrical automobiles.
“I consider free speech is a societal crucial for a functioning democracy,” Mr. Musk wrote in asserting his bid. “I now notice the corporate will neither thrive nor serve this societal crucial in its present type.” He’s providing $54.20 a share. Earlier than his stake went public, the inventory was buying and selling close to $39. Twitter misplaced $221 million in 2021 and $1.1 billion in 2020, and it would miss its goal for person progress. Many shareholders will wish to take Mr. Musk’s cash and run.
