A look at Elon Musk’s attempted purchase of Twitter
Musk’s plan to finance the deal for Twitter includes selling a chunk of his Tesla stock, says a Washington Post journalist covering the bid.
Elon Musk, who is by some measures the richest person in the world, says he wants to buy Twitter. But his offer of $44 billion for a platform that doesn’t have much value, is seeming less likely these days.
And this has left us with a lot of questions: Why would Musk care about buying Twitter in the first place? What would happen if he bought it? Does this even matter that much at all?
“Part of the suspected motivation there is Twitter’s stock, and indeed the broader market, are way down from the price that they were.” — Will Oremus, technology writer for the Washington Post
Listen: What a Twitter run by Elon Musk would look like.
Guest
Will Oremus is a technology writer for the Washington Post, and has been writing about Twitter and Elon Musk’s bid to purchase it. He says Musk may be trying to lower the price of Twitter by suggesting that the platform has too many fake accounts.
“It feels like he’s using that as either leverage to try to negotiate the sale price down from what he agreed to — or maybe back out of the deal,” says Oremus. “And part of the suspected motivation there is Twitter’s stock, and indeed the broader market, are way down from the price that they were, from the values that they were, when he first entered into this agreement.”
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