Elon Musk, the world’s richest man, plans to buy Twitter in bulk. He has announced that he will give Rs 3.2 lakh crore to Twitter for this. The issue is hotly debated internationally.
Elon Musk has been criticizing Twitter’s various actions for the past few months. The Twitter management board is involved in deliberating whether or not to accept the offer made by Musk.
Elon Musk, owner of private space company SpaceX, electric vehicle company Tesla. He is an engineer and is considered to be the number one richest man in the world. He has been an inspiration to many young people and has more than 8 crore followers on Twitter alone.
Musk owns 9.2 percent of Twitter’s total stock. Being a board member he can only buy a maximum of 14.9 per cent of the shares. With this in mind Elon Musk cannot dominate Twitter’s management decisions.
Musk sent a letter to Twitter Board Chairman Brad Taylor yesterday. “I invested in Twitter because I believe it will be a platform for free speech around the world. I believe that freedom of speech is essential for democracy.
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However, since I made my investment, the company has not grown. Also, I feel now that I cannot serve this community in the current system. We need to turn Twitter into a private company. ”
Elon Musk, who has since set a target of Rs 3.2 lakh crore for Twitter, said his offer was final. If not, he said, he would have to reconsider his position as a partner.
