Elon Musk has made an offer to acquire one of the world’s largest social media platforms – Twitter.
In the latest 13D filing with the SEC, the world’s richest person noted that if the offer is not accepted, he would reconsider his position as a shareholder.
This comes less than a week after Musk had purchased over 70,000,000 Twitter shares or 9.2% of the platform’s passive stake, which subsequently made him the largest shareholder of the social media giant. He was soon appointed to Twitter’s Board of Directors.
As a result, the pre-market prices of TWTR surged by 25%.
Days later, Musk turned down his decision to join the company’s board of directors.
According to the filing, Musk believes Twitter has “extraordinary potential” and that he can help “unlock it.”
“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy. However, since makin