It is worth noting that last week Elon Musk made an offer of $ 43 billion to buy a 100% stake in Twitter. Musk’s net worth is over $300 billion. He currently holds a 9.1% stake in Twitter. He is its second largest shareholder.
Board salary will be $0 if my bid succeeds, so that’s ~$3M/year saved right there
— Elon Musk (@elonmusk) April 18, 2022
For some time now, Elon Musk has been attacking Twitter one after the other. In a poll on Thursday, he asked his 80 million followers whether Twitter should be bought privately for shareholders, not the board. In response to this, most people answered yes.
Elon Musk, who has criticized Twitter’s policies, did not elaborate on his tweet. According to Reuters, Twitter has not yet responded to his comment.
Recently he also talked about removing crypto bots from Twitter, post scams on Twitter. He said in TED Talk that if I had one Dogecoin for each of the crypto scams I see, I would have about 100 billion Dogecoins. A big priority for me would be eliminating spam and scam bots on Twitter.
Meanwhile, Twitter shares are up nearly 4 per cent at $46.85 (about Rs 3,580), still well below Musk’s offer of $54.20 (about Rs 4,140) per share. Elon Musk disclosed his stake in Twitter on April 4 this month. The company’s shares have risen nearly 15 percent since then. These are expected to increase further.