Democrats are NOT happy….
Around $44 Billion….
With the purchase….
Musk will take the social media company private…
Musk is the same guy who moved his company headquarters from California to Texas because Texas has no personal income taxes like Florida…
Musk also complained about virus restrictions his employee’s had ahare to in California that didn’t exist in Texas back in 2021….
Musk says he will push to0 have the social media service aimed at ‘freedom of speech’….
Democrats are worried that would mean opening the gate for Trump like lies that Twiiter had been censoring….
Musk has alos been giving more campaign money to Republican’s….
Elon Musk struck a deal on Monday to buy Twitter for roughly $44 billion, in a victory by the world’s richest man to take over the influential social network frequented by world leaders, celebrities and cultural trendsetters.
Twitter agreed to sell itself to Mr. Musk for $54.20 a share, a 38 percent premium over the company’s share price this month before he revealed he was the firm’s single largest shareholder. It would be the biggest deal to take a company private — something Mr. Musk has said he will do with Twitter — in at least two decades, according to data compiled by Dealogic.
“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,” Mr. Musk said in a statement announcing the deal. “Twitter has tremendous potential — I look forward to working with the company and the community of users to unlock it.”
The blockbuster agreement caps what seemed an improbable attempt by the famously mercurial Mr. Musk, 50, to buy Twitter — and immediately raises questions about what he will do with the platform and how his actions will affect online speech globally….
In recent years, Twitter has also become a target of criticism, as some users spread misinformation and other toxic content on the service. Former President Donald J. Trump frequently turned to Twitter to insult and inflame, until it barred him after the Jan. 6 riot at the Capitol last year. The company has repeatedly created policies on the fly to deal with unexpected situations.
Mr. Musk himself has had a rocky relationship with online speech. This year, he tried to quash a Twitter account that tracked his private jet, citing personal and safety reasons. And he has gotten into trouble with regulators over his tweets…
The other shoe drops…..
How’s Musk gonna pay for Twitter?
Tesla is on pace to wipe $100 billion from its valuation in a single session as investors fear that Elon Musk may sell shares to complete his takeover of Twitter