He claimed he invested in Twitter

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Because he believed in the social media service’s potential to become a platform for free speech all over the world. However, he stated that he had realized that Twitter could not thrive or serve its purpose in its current form, except the company was transformed and made private. Musk ended his letter by saying he would reconsider his position as a shareholder if his offer were rejected.


On the 14th of April 2022, Elon Musk announced in a tweet his offer to buy vp purchasing officer email lists Twitter. In his tweet, he hinted that he was going to take the company private and promised to keep as many shareholders as allowed in the privatized Twitter. In response to Musk’s public announcement, Twitter’s board adopted a poison pill strategy, officially known as a shareholder rights plan, to cripple Musk’s chances of succeeding in a hostile takeover, while they consider his proposal.


While considering Musk’s proposal, Twitter’s board chairman met with the company’s largest institutional shareholders, who advised him to seriously consider Elon’s offer. Twitter’s executives, on the other hand, presented Twitter’s business plan and financial projections as an alternative to Musk’s offer. On the 20th of April 2022, Elon Musk announced that he had secured financing to enable him to go through with the acquisition to the tune of $46.