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Elon Musk’s Twitter Takeover Won’t Fix Centralization, says BlockTower CIO

Tesla CEO Elon Musk has offered to completely buy out Twitter with a $43 billion offer, in the name of free speech. He’s offering $54.20 per share for all 800,641,166 shares of Twitter’s common stock.
However, one crypto investment firm doesn’t believe this is a meaningful development for freedom, given the inherent weaknesses of centralization.
Elon Musk’s Grand Twitter Plans
Musk’s offer – announced publicly over Twitter today – represents a 38% premium over Twitter’s closing price value on April 1st. That was the day before Musk revealed his 9.2% stake in the company, which subsequently sent its stock soaring.
Musk later offered to join Twitter’s board of directors but withdrew his offer once he realized this would cap his ownership stake in the company below 15%.
Today, his intentions for a total Twitter takeover and reform were made explicit:
“I am offering to buy 100% of Twitter for $54.20 per share in cash,” he said to board chairman Bret Taylor in a letter

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