Musk wrote in a filing with the Securities and Exchange Committee: “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.
“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.”
Yep, that’s right, Musk met with Twitter executives this weekend to discuss the possibility of taking on the company.
As per the Wall Street Journal, he got financing for $46.5 billion this week in order to make it happen.
And they accepted!