Yep, it happens now: Elon Musk acquired Twitter. The company will be valued at approximately $43 billion, or $54.20 per share.
Should we celebrate or run away from Twitter (to err Facebook?..) We tried to sort through various opinions on that matter to find the golden mean.
The New York Times
In an article by Lauren Hirsch, Mike Isaac, and Kate Conger, the New York Times takes a little bit of a skeptical stance. Referring to Dan Ives, an analyst at Wedbush Securities, the American daily newspaper says that Elon Musk's bid is more of "the beginning of the end for Twitter as a public company with Musk likely now on a path to acquire the company unless a second bidder comes into the mix."
Journalists also added — citing several analysts — that Twitter's board will only accept a bid that valued it at a minimum of $60 a share.
The Washington Post
In an op-ed article, Megan McArdle, a Washington Post columnist, doubts that the Tesla CEO will lose Twitter's content policies:
Now, I am still skeptical that this will happen. For one thing, the board is hostile, which would make it tricky for Musk to close the deal. For another, there are plenty of reasons for Musk to get cold feet before any consummation.
McArdle backs suggestions saying that the deal will cost Musk "tens of billions, plus substantial financing and operational costs," adding that these "hard financial realities" will likely prevent Musk from making fundamental changes in the social network.
McArdle summarizes that current conditions make Elon not only an ideal customer for Twitter but also a "most unlikely savior."
Robert Reich, a Newsweek columnist, thinks people should be cautious when billionaires like Elon Musk "justify their motives by using 'freedom'." Reich adds:
They [billionaires] actually seek freedom from accountability. They want to use their vast fortunes to do whatever they please, unconstrained by laws or regulations, shareholders, even consumers.
Reich emphasizes that users of social media don't have much freedom of choice given that many IT corporations are just like readers of the Washington Post (owned by Amazon) or Fox News (owned by media mogul Rupert Murdoch).
The Newsweek columnist also questions the definition of "free market," hinting that even though Twitter's board adopted a poison-pill plan, Musk can still lobby his interest simply because billionaires have enough money to make changes in laws and rules that "make you even more money."
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