Have you heard that the richest man in the world, Elon Musk, has made a decision to purchase 100 percent of shares in Twitter? Musk made the announcement just days after buying 9.2 per cent shares from Twitter and then declined to be a member of the Board of Directors of the social media company.
Twitter has an enormous influence in the United State and Canada. Our article is focused on how many shares of Twitter Are Available and the way it could be purchased in the event that it was approved by shareholders at an annual general meeting held by the Board of Directors.
Why Would Elon Musk Want to Buy Twitter’s shares?
If we look further back and look back, we will discover that Elon Musk was always concerned about freedom of speech on Twitter and the way Twitter does not treat its followers fairly. Recently, we’ve seen reports claiming that Twitter doesn’t have an open and transparent process for deciding who to ban, and that the complete discretion lies only with Twitter only.
If we look at the number of shares of Twitter Are in the market We can be able to conclude the following: Twitter owns a market value of 37.01 Billion, with value for the company that is 36.17 Billion. So, when Elon Musk had bought a 9.2 percent part of Twitter the billionaire purchased 73,486,938 shares. The billionaire is now looking to buy 100 percent of shares in Twitter and has made offers of $41 billions. If asked, he stated that he considers Twitter as a possible platform for free speech across the world. He also stated that it’s important to maintain Twitter neutral for a healthy democratic system.
To Determine the number of shares in Twitter Is There ?
The statement made by Elon Musk could be a sign of the removal of former President Donald Trump from Twitter. It is certain that the way Twitter has been able to block Trump is unjust and utterly unfair. But, nobody has ever challenged the decision. Now Elon Musk is starting to doubt the transparency Twitter ought to be able to provide.
If we observe the market before trading opens, Twitter traded at $50.97 per share. It is now trading at $54.20 for each share. Following the acquisition of the 9.2 per cent stake in the company, Elon Musk has become the biggest shareholder in the company. In the future, Elon could influence Twitter’s decision , and perhaps in a positive direction.
Now that we’ve observed the number of shares Twitter has ,and we must now consider how Twitter’s Board of Directors of Twitter will accept Musk’s suggestion of having a 100% share in Twitter. Twitter is currently deliberating the issue. Shareholders will be faced with an issue since Musk has announced he will reconsider his role as a shareholder should his offer not be accepted.
Conclusion
The Twitter shares are currently trading around $54.20, Elon Musk has purchased the company a 9.2 percentage stake. Elon Musk has announced that he will purchase 100 percent of Twitter.
