Twitter users celebrate Elon Musk’s $41billion offer for social media giant

While many Twitter users celebrated Elon Musk’s $41billion hostile takeover attempt of the social media giant, the company’s often progressive workforce bemoaned the potential buyout. 

Twitter confirmed on Thursday that it had received the offer, saying in a statement: ‘The Twitter Board of Directors will carefully review the proposal to determine the course of action that it believes is in the best interest of the Company and all Twitter stockholders.’ 

Musk, 50, insisted that his bid was his ‘best and final offer’, adding that ‘if it is not accepted, I would need to reconsider my position as a shareholder,’ a regulatory filing showed. 

His offer price of $54.20 per share represents a 38 percent premium to the closing price of Twitter’s stock on April 1, the last trading day before the Tesla CEO publicly revealed his 9.2 percent stake in the company, sending the stock popping. 

The offer figure also includes the digits ‘420,’ a reference to marijuana that Musk frequently jokes…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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