The billionaire Elon Musk has purchased the social media site Twitter. The sale just took place.
Musk did this because he saw what was happening and decided that free speech was too important to ignore.
The left, including a lot of people who work in media, are flipping out about this. What does that tell you?
Elon Musk Officially Buys Twitter
The world’s richest man, Elon Musk, counts Tesla, SpaceX, and now Twitter among his business ventures after the social media company’s board reversed its previous position to accept the tech innovator’s offer to purchase the company at $54.20 per share.
Here’s the announcement from Twitter:
Twitter, Inc. today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company.
Under the terms of the agreement, Twitter stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction. The purchase price represents a 38% premium to Twitter’s closing stock price on April 1, 2022, which was the last trading day before Mr. Musk disclosed his approximately 9% stake in Twitter.
Musk tweeted about his dedication to free speech:
I hope that even my worst critics remain on Twitter, because that is what free speech means
— Elon Musk (@elonmusk) April 25, 2022
People on the left are losing their minds over this.
Elon Musk takes over Twitter. He's a billionaire who doesn't even have a Master's degree. Is that who we are going to trust with the future of our democracy?
— Richard Hanania (@RichardHanania) April 25, 2022
Musk and his apologists say if consumers don’t like what he does with Twitter, they can go elsewhere. But where else would consumers go to post short messages that can reach millions of people other than Twitter?
The “free market” increasingly reflects the demands of big money.
— Robert Reich (@RBReich) April 25, 2022
Now that Elon Musk is buying Twitter, the question for all of us is: Will he allow a Criminal who used this platform to lie and spread disinformation to try to overthrow the US Government to return and continue his Criminal activity? And if he does, how do we combat it?
— Rob Reiner (@robreiner) April 25, 2022
You had a good run, Twitter!
— yvette nicole brown (@YNB) April 25, 2022
Why is the left so threatened by free speech?