The richest man and African in the world Elon Musk has announced that he will meet with Twitter's board to discuss his $43 Billion (£33.6 Billion) takeover of the social media giant.
“Musk
owns 9% of Twitter already now he wants the whole bird” said a
fellow shareholder.
The
ownership bid comes as Elon's proposals for allowing better freedom
of speech rules and re-activating unjustly taken down accounts were
rejected by the board shortly after acquiring his 9% stake.
Elon
has long questioned how “free” one's mind can be on Twitter
amidst the Cancel Culture Movement and the high profile banning of
former US president Donald Trump's Twitter account in 2021.
Some
claim that Elon is partaking in a practice called Corporate Raiding,
an action of a single man to become a majority shareholder to force
change in the business so that it becomes profitable then sells it
off for more money.
Elon
Musk denies being a corporate raider, stating: “It can't be an act
of corporate raiding if the company is already profitable”.
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