The answer, of course, is “All of the above”, but it’s worth being clear about the different pieces that make up Twitter “Jin” made this illustration on Medium: That raises the question, though, what is Twitter: is it a website or an app, or something different?
It’s popular on Twitter to point to a funny tweet or exchange and marvel that “ This website is free“, or alternatively, “ This app is free“. The most interesting question of all, though, is the last paragraph: what potential does Musk see, and could he unlock it? For my part, not only do I agree the potential is vast, but I do think Musk could unlock it - and that itself has implications for the preceding paragraphs. The vast majority of commentary about the Musk-Twitter saga has focused on the first three paragraphs: what does Musk mean by making Twitter more free speech oriented? Why doesn’t Musk believe he can work with the current board and management? Does Musk have the cash available to buy Twitter, and would the Twitter board accept his offer (no on the latter, but more on this below)? 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 needs to be transformed as a private company.Īs 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. However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form.
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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. Elon Musk wrote in a letter to Twitter’s board:
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