Elon Musk says he’s ‘not sure’ he’ll be able to buy Twitter after $43 billion bid, teases a plan B
Billionaire Tesla CEO Elon Musk acknowledged Thursday at the TED2022 conference in Vancouver that he is “not sure” he’ll actually be able to buy Twitter. The comments came hours after a regulatory filing revealed that he offered to acquire the company for $54.20 per share, or about $43 billion.
Twitter confirmed it had received the bid but its board must still review the offer, which values shares much lower than the $70 they reached last summer. But Musk had said the offer would be his “best and final” one.
Musk also laid out his vision for Twitter should he be successful in gaining control.
“I think it’s very important for there to be an inclusive arena for free speech,” he said, likening Twitter to a “de facto town square.”
He acknowledged a need for some level of content moderation, like around explicit calls to violence, and said the service would have to comply with the laws of the countries in which it operates.
But, he said, he’d like to see the platform’s policies and algorithm be much more open and accessible so that people can critique it and raise concerns.
He said that if a tweet was altered in some way there should be information attached to it explaining why. Twitter does already attach links to its policies when it removes or labels a post that violates its guidelines.
Generally, Musk said “time-outs” are preferable to permanent bans.
He said another top priority would be ridding the platform of “spam and scam bots.”
What is going on???