Elon Musk says ” I don’t care about the economics at all Twitter is about democracy and freedom”

It is a good price for a company that has faced business and growth challenges. Twitter stock closed down 1.54% at $48.18. The stock shot higher initially when Musk first unveiled about a 9% stake in the company.

If Musk becomes the new Twitter boss, he predicted a reign given the challenges of social media that “I think there will be quite a few errors. I hope it won’t be too miserable. I just think it’s important to the function of democracy. It’s important to the function of the United States as a free country and to freedom in the world more broadly.”

Twitter said its “Board of Directors will carefully review the proposal to determine the course of action that it believes is in the best interest of the Company and all Twitter stockholders.”

Musk has an extreme wealth of about $256 billion but much of it is in stock. Obtaining $43 billion in cash wouldn’t be difficult even for him. I have sufficient assets to do it he insisted. (Source- Google)