The board of directors at Twitter has given Elon Musk’s proposal to buy the firm for $44 billion a green light, recommending for shareholders to approve the transaction.
According to a document submitted with the SEC, Twitter’s board of directors believes Musk’s offer is in the best interests of investors, who would receive $54.20 per share if the acquisition was completed.
Musk, however, claims he has yet to get a response from Twitter on the matter of bot accounts. When it comes to bots, Musk previously stated that Twitter had hidden the actual number of bots using its platform.
Elon Musk has questioned Twitter’s public claim that under 5% of daily users are bots, calling it “very suspicious,” and suggesting that the acquisition price should be lowered if the amount of bots on the platform is greater than announced.
Elon Musk revealed his intentions to buy out Twitter entirely and change it into a free speech platform, which immediately caused censorship defenders to spin in anxiety.
Elon Musk has stated that he thinks free speech is critical to humanity’s future. “My strong natural intuition is that having a highly trusted and inclusive public forum is critical to the future of society,” said Elon Musk at TED 2022 in April.
“I do think we should be very hesitant to delete things and cautious about permanent bans. Timeouts, in my opinion, are preferable to permanent bans,” Musk said at the same event.
Musk has also publicly changed his political views, announcing that he is switching to the Republican party and voting red for the first time in support of Mayra Flores this past week’s special election in Texas’ 34th Congressional District.
“First time I’ve ever voted Republican,” Musk tweeted. “There will be a massive red wave in 2022.”