Elon Musk and a controversial tweet: “Now I’m going to buy Coca Cola to bring cocaine back here”

Apparently, tycoon Elon Musk takes the goal seriously protect freedom of expression. On a day where his Twitter account showed a lot of activity, the South African businessman who got the social network for that purpose wrote: “Now I’m going to buy Coca Cola to bring cocaine back here.”

The publication, which after 3 am this Thursday had more than 336 thousand retweets and exceeded 2 million likes, continued after a little over an hour, perhaps to give it context. Or maybe for sweeten that controversial message.

“Let’s make Twitter as fun as possible!”, says the businessman recently agreed to take over the social network, in exchange for 44,000 million dollars. On that occasion, Musk said that “freedom of expression is the foundation of a functioning democracy.”

Next, the owner of Tesla, considered the richest man in the world, uploaded another post as a joke. “Listen, I can’t work miracles ok,” he wrote, in response to a meme, created from his Twitter account, which mentioned that he now “buys McDonald’s” to fix “all the ice cream machines . “

On Wednesday afternoon, Musk stressed the need to build trust with users of his new social network. “For Twitter to be worthy of public trust, should be politically neutralwhich effectively means anxiety in the far right and far left, ”he said.

A few hours later, before his soda post, he suggested that “Twitter DMs should have end-to-end encryption like Signal, so no one can spy or hack their messages. “

Twitter has 436 million users, less than other giants like TikTok (800 million), Instagram (1.5 billion) or Facebook (2 billion), but has strong penetration into power and information generation.

The conditions of extraction

Under the terms of the agreement, the Twitter shareholders will receive $ 54.20 cash for each common share they hold on to the closing of the proposed transaction.

Compared to other companies listed on the Nasdaq, Apple, most importantly, is worth $ 2.7 trillion. Tesla, his other company, a billion dollars. While the Argentine unicorn Mercado Libre is listed at 52 billion and Meta reaches 508 billion.

The purchase price represents a 38% premium on Twitter’s closing stock value on April 1, 2022, which was the last trading day before Musk revealed that he bought 9% of the platform. to nearly 3 billion dollars and became a majority shareholder.

Expect the transactionwhich was fully approved by the Twitter Board of Directors, it will close in 2022subject to Twitter’s shareholder approval, receipt of appropriate regulatory approvals, and satisfaction of other standard closing conditions.

According to the magazine ForbesMusk’s fortune is $ 279 billion. Most of it is tied to shares in Tesla – he owns 17% of the company, according to FactSet – and in SpaceX, his space travel company.

DB