Billionaire Tesla executive Elon Musk is attempting to get into the social media game. As many expected following his sudden buying of Twitter shares, Musk has made an offer for the Twitter company valuing the company at more than $43.4B. The price represents about a 38% increase over its price since 1 April.
In a letter sent to the company on Wednesday Musk made his ambitions pretty clear.
“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,” he said in a letter he sent to Twitter. “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.”