Elon Musk says he will not join the Twitter Board.
Now, Musk says he wants to take Twitter private, which he believes would enable the platform to better serve the “societal imperative” of free speech through alternative policies and an open-sourced algorithm.
Over the years, Twitter has struggled to grow its business meaningfully, with its stock nearly flat to where it was in 2013. The company is now worth ~$35B.
Musk’s net worth has ballooned to ~$259B during the pandemic. In an interview following the news, he said he doesn’t “care about the economics” of Twitter.
A Twitter insider told The Information the company’s board plans to fight the bid.
I'm not a big Twitter user, but I've been tuning in every day for the drama.
Now, Musk says he wants to take Twitter private, which he believes would enable the platform to better serve the “societal imperative” of free speech through alternative policies and an open-sourced algorithm.
Over the years, Twitter has struggled to grow its business meaningfully, with its stock nearly flat to where it was in 2013. The company is now worth ~$35B.
Musk’s net worth has ballooned to ~$259B during the pandemic. In an interview following the news, he said he doesn’t “care about the economics” of Twitter.
A Twitter insider told The Information the company’s board plans to fight the bid.
I'm not a big Twitter user, but I've been tuning in every day for the drama.