That is $54.20 a share.
omg this is so stupid.
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.
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.
I am SO glad we have mastodon!