As T.S. Eliot as soon as wrote: “That is the way in which the world ends / Not with a bang however a whimper.”
Maybe the world isn’t ending simply but, however to many Twitter customers, Elon Musk’s now-accepted bid for his or her favourite social media platform feels fairly apocalyptic.
Is that this the tip for Twitter?
Positively not.
Positive, loads of customers are shouting about how they’ll “delete their accounts” if Musk takes over, however let’s be trustworthy, it seems to be just like the deed is completed, and people accounts most likely aren’t going anyplace.
So now, Twitter and its practically 210 million each day lively customers are firmly in Elon Musk’s grasp as he seeks to make good on his promise of making a platform constructed round free speech for all.
Underneath the phrases of the deal, shareholders will obtain $54.20 in money for every share of Twitter inventory they personal, matching Musk’s unique provide and marking a 38% premium over the inventory worth the day earlier than Musk revealed his 9% stake within the firm final month. The corporate may also be taken non-public.
That is what Musk needed to say final evening:
“Free speech is the bedrock of a functioning democracy, and Twitter is the digital city sq. the place issues important to the way forward for humanity are debated. I additionally wish to make Twitter higher than ever by enhancing the product with new options, making the algorithms open supply to extend belief, defeating the spam bots, and authenticating all people. Twitter has super potential – I sit up for working with the corporate and the neighborhood of customers to unlock it.”
So, there you may have it. After a whirlwind courtship that noticed loads of bangs, the entire saga seems to have ended with a whimper, and those that will really lose out are buyers who wished to see Twitter hit its true potential. After all, as a non-public firm, we’ll by no means fairly know what might have been.
I, for one, am fairly upset by that.