That is $54.20 a share.
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It will be interesting to watch this play out. I’ve heard people say that the board could be sued if they refuse the offer because they would be turning down a payout for investors. On the other hand, if we take Musk at face value and believe that his goal is to reduce censorship, I think the board could argue that less censorship = less advertising = less revenue long term.
As for me, whatever happens I hope it sucks enough to shake Twitter as an institution of elite discourse. I don’t expect that to happen, though.
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I think it’s practically impossible to avoid censorship in a centralized platform. Once you have keys to the system, the temptation to do as you will is too great.
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