Musk’s drive to acquire Twitter has finally been realized, for a whooping cost of $54.20 per share, which sums up to about $44 billion on Monday night is a historical event for all time. According to Jack Dorsey, Elon Musk is the only way forward to achieve twitter’s goal of being managed maximally and broadly inclusive for the public’s benefit.
Dorsey Tweets “I love Twitter. Twitter is the closest thing we have to global consciousness. The idea and service is all that matters to me, and I will do whatever it takes to protect both. Twitter as a company has always been my sole issue and my biggest regret. It has been owned by Wall Street and the ad model. Taking it back from Wall Street is the correct first step.
“In principle, I don’t believe anyone should own or run Twitter. It wants to be a public good at a protocol level, not a company. Solving the problem of it being a company, however, Elon is the singular solution I trust. I trust his mission to extend the light of consciousness.”
I’m excited to share that we’re appointing @elonmusk to our board! Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board.— Parag Agrawal (@paraga) April 5, 2022
“We conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing,” according to the statement. said Bret Taylor Twitter Board Chair.
“The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.”