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Deeply proud of our teams and inspired by the work that has never been more important.”ĭang, Agrawal sounds enthusiastic. Parag Agrawal, Twitter’s CEO, said, “Twitter has a purpose and relevance that impacts the entire world. The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.” Twitter people also released statements, because that's how this all works: Bret Taylor, Twitter’s Independent Board Chair, said, “The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing.
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Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.” “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans.
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This is a blog post about a serious business transaction undertaken by the wealthiest man in the world, who is a serious person and not just a troll.Įlon Musk released a very professional statement for a guy who is seemingly only doing this because A) he can, and B) to let Nazis run roughshod all over the site in the name of "free speech": “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in a statement included in the press release announcing the $44 billion deal.
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If the deal doesn't somehow weirdly fall apart before everything is signed, and if you are a Twitter stockholder, you will receive $54.20 for each share, because haw haw, get it? Twitter caved, we mean reached a really good deal, to let Elon Musk buy the company for $44 billion and take it private.