Elon Musk’s Twitter takeover campaign rages on. Will his offer ultimately succeed? Market analysts have thus far been pessimistic about Musk’s chances of succeeding and about the seriousness of his offer. It’s only recently that Musk decided to explore alternatives should his $54.20 billion offer be rejected by Twitter’s board.

Mulling Over Multiple Millions

The latest reports indicate that Musk is currently exploring a possible tender offer for Twitter, which would effectively bypass the company’s board, placing the decision in the hands of company shareholders.

The CNBC reports:

“In an updated filing published Thursday, Musk said that given the lack of response from Twitter’s board, he is now exploring a tender offer to purchase some or all shares of the company directly from its stockholders.”

This is in line with Musk’s more recent Tweets about a potential tender offer. Though this would be the harder road to take, given that such an offer will have more ‘moving parts’. Even with support to launch a tender bid, it’s not going to be easy for Tesla’s CEO.

According to the CNBC’s report, Musk has now been able to secure commitments for $46.5 billion to help finance his Twitter push, allowing him to completely proceed with his original offer if accepted. So while many analysts had dismissed his original offer as ‘too low’ to be taken seriously, it now seems pretty clear that Musk expresses a strong desire to genuinely own Twitter, potentially converting it into his vision of a haven for free speech.

Although, Musk’s idea of free speech, based on recent observations, does seem quite murky, based on his history of trying to silence people and content that he personally doesn’t like. For the most part, Musk and his hi-tech automobile company Tesla do have a long track record of silencing critics, employing various subtle tactics to shut off naysayers. While Musk may show outward support of ‘free speech principles’, allowing others to share their thoughts, it seems he too has his limits as to what that might mean.

Regardless, it’s still difficult to tell what Musk’s actual plans are for Twitter and whether or not he really does want to take over the company. The constant references to ‘420’ and other inside jokes make it seem that this is all just another game for Elon – something to keep him entertained. Which makes you think, if he does win, what’ll happen then? Will it improve under his leadership? Musk continues to Tweet his concepts and ideas to date.

Anybody who has done even the lightest of research on Musk knows that the guy has a certain disdain towards AI and certain computer-defined protocols. While bots are a problem on Twitter, they’re more complex than Musk would think. Really, the core issue here is that executing what you think are ‘ideal’ fixes is a lot harder than you make them out to be.

The Wrap

Musk might think that he knows how to ‘fix’ Twitter, but in reality, there are certain things that he must also ‘fix’ with himself and how his company acts towards critics and opposing ideas. The mega-rich are mega-rich under their own rights, but that doesn’t give them the ability to lay claim to any piece of online discourse willy-nilly. Twitter might get a bit better if he owns it or it might not; it might even lose the name entirely. The only thing we can do now is to wait and see.

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Sources

https://bit.ly/3L7NQjT