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Musk has plans to take Twitter public again in a few years

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Billionaire Elon Musk is reportedly toying with the idea of taking the social-media company Twitter back to public ownership in a few years. According to people familiar with the story, Musk. has told potential investors of the plan.

The Wall Street Journal reports “Mr. Musk said he plans to stage an initial public offering of Twitter in as little as three years of buying it.”

“Private-equity firms often take companies private with an eye toward fixing them up outside of the spotlight and then taking them public again within five years or so. Mr. Musk’s signal that he plans to do something similar could help assure potential investors that he would work quickly to improve Twitter’s business operations and profitability” writes The Journal.

Musk agreed to take the company private in a $44 billion deal and has since been finding the funds to seal the deal. “Once he managed to do so, Twitter’s expected resistance eased and the two sides quickly agreed to a deal at his original offer price of $54.20 a share.”

Reportedly Musk will pay $21 billion of his own into the deal, will get loans, and has been speaking to investors such as private-equity firms.

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4 Comments

4 Comments

  1. Bruce Breuer

    May 5, 2022 at 7:54 pm

    TWTR is perfect to restructure, open it to other noncontroversial advertisers and bring public again. Not that he needs the money but it will become a cash machine.

  2. James phillips

    May 6, 2022 at 12:27 am

    Please let us know when you are going public. Thank you.

  3. Jessica

    May 6, 2022 at 3:16 pm

    I don’t like the thought of wasting one’s money. But I’d be tempted to shuttle the whole platform.

  4. Unknown Sailor

    May 9, 2022 at 5:31 pm

    I’m sick of Barack Obama and his nasty ilk like Valarie Jarrett being allowed an unchallenged destructive path to destroy the nation. We are being offered NO limits on their radical agenda, being enacted with ZERO accountability to the American people —which is a complete abridgement of our Constitutional rights as an individual and nation. I’m sick of the disease that DC has become and reflects now also within states due to massive orchestration using data analytics and people willing to pocket payoffs to remain silent about what is going on.

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Biden’s FCC wants to bring back Obama-era ‘net neutrality’

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FCC commissioner Brendan Carr

The current Federal Communications Commission (FCC) Commissioner is warning that the Democrat-led majority of the agency wants to impose what he considers to be the “greatest threat on the internet.” Speaking in an exclusive interview with Breitbart News, FCC Commissioner Brendan Carr said the agency’s move to enact net neutrality instead of holding big tech companies like Google accountable, is the “greatest threat on the internet.”

Carr explained to Breitbart News that the concern comes as the FCC will likely announce this week that that the agency will vote at the FCC’s end-of-month meeting to reenact net neutrality.

The capability is due to the Democrats having achieved a majority at the commission, after which they announced in September that they would seek to revive the Obama-era net neutrality regulations. Breitbart notes that during President Donald Trump’s administration, then-Chairman Ajit Pai repealed the net neutrality rules.

Carr described the net neutrality proposal as a “power grab by the administrative state” and “unlawful overreach” that could run afoul of the “major questions” doctrine, which prohibits agencies from enacting policies when an issue has “vast economic and political significance.”

According to Breitbart News, “Leftists have long sought to capture more regulatory authority over the internet using Title II regulations. net neutrality regulations seek to prohibit internet service providers (ISPs), such as Comcast and Verizon, from blocking, slowing down, or allowing for “paid prioritization,” by which users can pay for faster, more consistent service.”

Allum Bokhari, a former Breitbart News reporter, explained:

The law of common carriage, mandated by the Title II regulations demanded by Democrats, is one of the solutions recommended by Supreme Court Justice Clarence Thomas to address tech censorship. Yet Democrats want the rule applied to service providers, which are not in the habit of kicking off internet users for their political viewpoints, while not recommending similar regulations on the companies and platforms that are actually responsible for suppressing online discourse over the past five years — companies like Google, YouTube, Twitter/X, and Facebook.

Progressives and Democrats lost their minds when the FCC repealed Net Neutrality under Trump, predicting the end of the internet as we know it, and a variety of other disasters. As Breitbart News predicted at the time, none of these doom-laden predictions came true, and in fact broadband speeds across the country improved.

Carr told Breitbart News that in effect there is no need to reenact net neutrality, as broadband prices have lowered and internet speeds have risen since the agency repealed net neutrality. He cautioned that net neutrality would serve as a “significant headwind” that could hamper President Joe Biden’s Internet for All agenda to connect Americans to high-speed internet.

However, Carr emphasized most of all that net neutrality regulations ignore the threats of edge providers, or big tech platforms such as Google or Facebook.

“Google — back in 2005, Google was looking for ways to create a regulatory moat around their business model. And they came up with this catchy phrase called net neutrality, which is all about, you know, imposing heavy-handed regulations at the ISP level. And, you know, largely ignoring the threats that come from Google, the edge, and you’ll flash forward to today. And anyone looking back over the last couple of years … asked, you know, what’s been the greatest threat on the internet, not your mom and pop, rural ISP. It’s the edge,” Carr explained.

“The FCC is sort of just out of sync, you know, we’re sort of engaging in this 2005-era regulatory protection,” Carr added, saying that Republicans have realized that the “true threat of a free and open internet” is coming from big tech platforms. He then said that is why the government needs to take action to reform Section 230 of the Communications Decency Act and other laws to rein in big tech platforms.

Carr credited some agencies such as the Department of Justice (DOJ) for going after Apple for its apparent abuse as a monopoly, writes Breitbart.

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