Finally, Elon Musk has bought a 100% stake in the microblogging site Twitter. The richest person in the world recently offered to buy the whole company for $44 billion, or $54.20 per share.
However, this is not the first time Musk showed his interest in Twitter. Soon after Musk’s purchase was made official, an old tweet of him showing interest in buying Twitter went viral on the microblogging website.
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It seems that Twitter has been on my mind of Musk for quite a while. On December 21, 2017, Musk casually tweeted “I love Twitter”. A Twitter user then suggested that Musk should simply buy the whole company, to which Musk replied “How much is it?”
The original tweet has over 1.74L likes and over 35,000 retweets and quotes tweets at the time of writing this.
Nearly five years later, Musk brought up the talk of buying Twitter again. A few weeks ago, in March, Musk asked his Twitter followers if he should start a new social media company. His followers said why start something new when he could buy Twitter. After all, Musk, as the world’s richest person, did seem to have enough money.
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Musk took the suggestion seriously. He bought a 9.2% stake in Twitter, making him the second-biggest shareholder in the company.
Twitter founder and CEO Jack Dorsey, in comparison, has a 2.5 per cent stake in the company. Twitter realised that something was amiss, so it offered Musk a seat on the Twitter Board.
But there was a condition attached. A board member can’t be allowed to take over the company. Musk refused the board seat.
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