The world’s richest man Elon Musk has acquired the microblogging site with hostility and now wants to make changes to its governance and the world of start-ups and fund managers watches with bated breath
Musk has proposed dropping ads from the service while ads are how Twitter makes money and he also seems to approve of a button to edit tweets.
Musk has offered $54.20 per share, at a 38 per cent premium to the closing price of Twitter’s stock on April 1, the last trading day before Musk bought the majority stake in the company.
The Space X and Tesla CEO offered to buy Twitter worth $41.39 billion. He has offered $54.20 per share, at a 38 per cent premium to the closing price of Twitter’s stock on April 1.