Watch Elon Musk do what Apple was smart enough not to

From Bloomberg's "Elon Musk Launches $43 Billion Hostile Takeover of Twitter" posted early Thursday:

Elon Musk has made a “best and final” offer to buy Twitter Inc., saying the company has extraordinary potential and he will unlock it.

The world’s richest man will offer $54.20 per share in cash, representing a 54% premium over the Jan. 28 closing price and a value of about $43 billion. The social media company’s shares soared 18%.

Musk, 50, announced the offer in a filing with the U.S. Securities and Exchange Commission on Thursday. The billionaire, who also controls Tesla Inc., first disclosed a stake of about 9% on April 4. Tesla shares fell about 1.5% in pre-market trading on the news.

My take: Musk is building something. Whether he's building something that will endure remains to be seen.

Rumors and suggestions that Apple would or should buy Twitter are legion. They've come in waves over the past decade. Scrolling through them, I came across this time capsule...

‘Sorry PED, of Course Apple Can and Will Buy Twitter’

11 Comments

  1. Kirk DeBernardi said:
    But for why should Apple be interested in a social network (read: media) company?

    They’ve done just fine without one.

    Kryptonite.

    4
    April 14, 2022
  2. Michael Goldfeder said:
    Go buy the remnants of “MySpace” and rename it Apple Space. $43 Billion for a wasteful platform? No thank you!

    5
    April 14, 2022
  3. John Konopka said:
    I can’t foretell how this will turn out. Seems like a vanity project to me.

    0
    April 14, 2022
    • Kirk DeBernardi said:
      John K. —

      Just the Ouija board Elon likes to play on.

      0
      April 15, 2022
  4. Lalit Jagtap said:
    Apple continue to focus on building better experience for humanity. Let users decide which social media platform is good for use. Also Apple please keep the relentless focus on protecting privacy and security of user.
    Most important keep educating our elected members of congress to do their job to come up with better laws to help protect privacy and security in this digital world.

    2
    April 14, 2022

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