As Twitter's newest board member and largest shareholder, Elon Musk is already floating suggestions for changes he'd like to see on the platform.
Twitter's board at first enacted an anti-takeover measure known as a poison pill that could have made a takeover attempt prohibitively expensive. But when Musk outlined the financial commitments he'd lined up to back his offer of $46.5 billion - and no other bidders emerged - the board opened negotiations with him.
"I hope that even my worst critics remain on Twitter, because that is what free speech means," he tweeted. Twitter's board has flexibility in judging Musk's proposal not just on the finances but also the specifics of his business plan and how it could affect users, advertisers and employees - some of whom might leave, said Kevin Kaiser, a finance professor at the Wharton School at the University of Pennsylvania.
Asked during a recent TED talk if there are any limits to his notion of"free speech," Musk said Twitter or any forum is"obviously bound by the laws of the country that it operates in. So obviously there are some limitations on free speech in the US, and, of course, Twitter would have to abide by those rules."
Twitter had initially enacted an anti-takeover measure known as a poison pill that could make a takeover attempt prohibitively expensive. But the board decided to negotiate after Musk updated his proposal last week to show he had secured financing, according to The Wall Street Journal, which was first to report the negotiations were underway.
How TF is that 44B even possible
One world one man monopoly - happening infront of everyone elonmusk
🤮
Good evening Socialist engineers. Prepare yourself for an onslaught of American conservative, Constitution loving 2nd Amendment supporters that will get your blood pressure up. Your Dem party is on the ropes. GET WOKE AND GO BROKE!
Facebook is next
The world spinning...🍾🍾🌍🌎🌏
Will he let Trump back in?
About time. Now bring back the Donald. MAGA
Que Chingue a Su MAGA el Pendejo 🖕🏾✌🏼
If you’ve waited until elonmusk owns a character limited short quip platform to complain about controlled messaging yet you watch FoxNews, MSNBC, CNN etc and subscribe to either political party, I don’t take you serious, I just see you as another selective outraged unhinged 🤡.
Let free speech start and no more censoring.
I’m done 😂
Man he better not fucc this shit up 😒
He got a good deal. I thought they wouldn’t accept any less than $46-49B.
We’re doomed
Billionaires shouldn't exist.
Liberal melt down in 3..2..
HELL YEA
To the 1% who's reading this Stay safe,god bless you and have a wonderful day 💚
Shit