Elon Musk Attempts Hostile Takeover of Twitter: Here's How Users Reacted to His $43-Billion Offer

Elon Musk made a $43 billion (roughly Rs. 3,28,080 crore) all-cash offer to acquire the platform.

By Edited by Gadgets 360 Newsdesk | Updated: 15 April 2022 12:11 IST

Elon Musk Attempts Hostile Takeover of Twitter: Here's How Users Reacted to His $43-Billion Offer

Photo Credit: Reuters

Elon Musk, who already has a 9.2 percent stake, now wants to purchase Twitter

Highlights

Elon Musk announced the offer in a filing with the US SEC on Thursday
Musk has offered to pay $54.20 (roughly Rs. 4,120) per share in cash
Users reactions to Musk's offer have ranged from amusement to concern

Elon Musk took the world by surprise with his proposal to buy Twitter. The Tesla boss has offered to acquire the social media platform for a whopping sum of $43 billion (roughly Rs. 3,28,080 crore) in an all-cash deal. Musk is one of Twitter's largest shareholder, with a stake of 9.2 percent. People have flooded the microblogging platform with reactions that range from grave concern to funny memes about the social media platform's fate. Musk's offer of $54.20 (roughly Rs. 4,150) per share is a premium of 18 percent because Twitter's shares closed at $45.85 (roughly Rs. 3,510) on April 13. And reactions are now pouring from all sides. Here's what users on Twitter had to say about Musk's offer to purchase Twitter.

Mark Cuban, the billionaire entrepreneur and owner of the Dallas Mavericks, said, "Want to see the whole world lose their s***? Get Peter Thiel to partner with Elon and raise the bid for Twitter."

New York Times best-selling author Ben Shapiro wrote, "The best thing about Elon Musk's takeover would be the automatic employment sorting mechanism. Takes care of virtually all HR problems immediately."

[Sponsored] Samsung Galaxy S24: The Ultimate Camera Phone With Smarter On-Device AI

The best thing about Elon Musk's takeover would be the automatic employment sorting mechanism. Takes care of virtually all HR problems immediately. https://t.co/iWZbmG2mgf
— Ben Shapiro (@benshapiro) April 14, 2022

Fred Wilson, a venture capitalist, said, "Twitter is too important to be owned and controlled by a single person"

Twitter is too important to be owned and controlled by a single person. The opposite should be happening. Twitter should be decentralized as a protocol that powers an ecosystem of communication products and services.
— Fred Wilson (@fredwilson) April 14, 2022

Actress and writer Angela Belcamino asked whether users would leave the platform if the takeover happens.

Would you consider leaving Twitter if Elon Musk takes it over?
— Angela Belcamino (@AngelaBelcamino) April 14, 2022

A user said that Musk's "game" with Twitter might be "dangerous" as the platform has a lot of potential to steer mass opinion.

How Elon Musk pulled up to Twitter HQ this morning...#TwitterTakeover pic.twitter.com/cIsILy30IY
— Jaja (@Jaja_Bred) April 14, 2022

Memes about Musk's attempt to buy Twitter in an all-cash deal are doing the rounds on social media.

Elon Musk out here trying to buy Twitter when it's on the Play Store for free ????????????
— Patrick???? (@pkdonuts_5) April 15, 2022

How funny would it be if Twitter decided to suspend Elon right now
— tim barber (@Tbarb3710022) April 15, 2022

In the meantime, Twitter CEO Parag Agrawal reportedly sought to reassure employees during an all-hands meeting on Thursday that the company was not being "held hostage" by news of Musk's offer to buy the company.

Gaana CEO and Spotify's India chief join us on Orbital, the Gadgets 360 podcast, to discuss India's unique music streaming landscape. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

Affiliate links may be automatically generated - see our ethics statement for details.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.