Fringe Forum: What Are Your Thoughts About Elon Musk's Offer To Buyout Twitter?

As almost everybody knows by now, Elon Musk has offered to buy Twitter for $54.20 per share, per a 13D filing out this morning.

Musk wrote the following letter to Twitter’s board:

Chairman of the Board,

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 making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.

As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.

Twitter has extraordinary potential.  I will unlock it.

-Elon Musk 

I’m conflicted in how I feel about it. As a long-term, on-again, off-again Twitter shareholder (and current weekly call holder), I’m ecstatic to be ringing the register on an investment in the company which has been run by imbeciles for the better part of the last decade.

As far as my Twitter account and its 200,000 followers go, I’m less thrilled. I’ve been a strident critic of Musk’s for years now and part of me can’t help but think that Musk owning the platform would be a convenient way to silence his - and Tesla’s - critics.

I’m hopeful that Musk’s bluster about free speech is actually how he feels and that he isn’t just advocating for it when it suits him, which appears to be why he switched political sides to begin with in 2020 (when “fascists” shut down his Fremont plant and he needed to make production numbers).

I’m also amused, knowing that dozens of snowflake employees in San Francisco who have been lovingly caressed by revolving door of idiot CEOs that have not been held accountable for operating the business terrible, are likely in the midst of meltdowns.

The question now is what the future will bring for Twitter - and I’d love to hear your thoughts:

  1. What will happen with Musk’s offer? Will the board accept or reject it?

  2. Could the offer be a ploy by Musk to get a board rejection specifically so he can sell his shares and “scalp” a quick profit?

  3. Do you trust that Musk actually has the interests of free speech in mind?

Disclaimer: I am long Twitter TWTR calls. This is not a recommendation to buy or sell any stocks or securities. I own or will own all names I mentioned or linked to in this piece. I often lose money on positions I trade/invest in. I may add any name mentioned in this article and sell any name mentioned in this piece at any time, without further warning. None of this is a solicitation to buy or sell securities. These positions can change immediately as soon as I publish this, with or without notice. You are on your own. Do not make decisions based on my blog. I exist on the fringe. The publisher does not guarantee the accuracy or completeness of the information provided in this page. These are not the opinions of any of my employers, partners, or associates. I get shit wrong a lot.

Does Elon Musk now own twitter?