Elon Musk has just taken his Twitter journey up a notch, offering to purchase 100 percent of the company at a price of approximately $41 billion.
The company’s stock prices have been on a decline for months and its user base has stagnated. In an effort to revive the social media platform, CEO Jack Dorsey has been experimenting with new features, such as doubling the character limit for tweets. But these changes have not been enough to turn things around.
In a surprise move, entrepreneur Elon Musk has offered to buy Twitter for $41 billion. In a tweet, he said that he was “considering” buying the company and that he had already secured funding from Goldman Sachs.
This could be a game-changer for Twitter. Musk is a well-known entrepreneur with a track record of success. He is the founder of Tesla, SpaceX, and several other startups. If he buys Twitter, he could revive it and make it more successful than ever before.
The CEO of Tesla made a final offer of $54.20 per share for cash in a 13D regulatory filing. This is a 54 percent premium to the closing price on January 28th, which was the day before Musk began investing in Twitter.
Twitter has been around since 2006, and it is still one of the most popular social media platforms. It has over 330 million active users, and according to Statista, there are 500 million tweets sent every day.
Despite its popularity, some businesses are hesitant to use Twitter because they don’t understand its potential. Here are three reasons why your business should be using Twitter:
1. To connect with customers: Twitter is a great way to connect with your customers. You can respond to their tweets, answer their questions, and build a relationship with them.
2. To share your content: Twitter is a great platform for sharing your content. You can share blog posts, articles, images, and videos.
3. To find new customers: Twitter is a great tool for finding new customers.
Musk stated that if Musk’s April 13th tweet is rejected, he might reassess his recent investment.
He stated that “My offer is my final and best offer” and that if it was not accepted, he would have to reconsider his position as a shareholder.
Musk stated that Twitter must go private in order to prosper. “I made my investment in Twitter and now I realize that the company will not thrive or serve this societal imperative in its current form. Musk stated in his offer that Twitter must be transformed into a private company. “Twitter has incredible potential. It is my goal to unlock it.”
Twitter shares rose with the breaking news, up more than 18% during premarket trading.
This news comes just days after Elon Musk was appointed to Twitter’s board. It’s also one day after it was announced Musk is being sued over his investment in Twitter. This lawsuit claims that he failed to disclose the original purchase of Twitter shares.
Twitter is your move