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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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Elections

Judge orders Biden’s DHS to release files on agents accused of censoring election ‘misinformation’

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Missouri Attorney General Andrew Bailey and Louisiana Attorney General Jeff Landry made headway in countering federal agents involved in suppressing what liberal tech labeled “misinformation” on social media.

The Attorneys General moved to release testimony from five Cybersecurity and Infrastructure Security Agency (CISA) employees after learning of their participation in the Biden administration’s counter-“disinformation” efforts. On Wednesday, a Louisiana judge ordered the Department of Homeland Security (DHS) to release the files.

Court documents dated Jan. 19 show  the agents participated. The judge’s motion Wednesday could shed light on a “switchboarding” tactic employed during the 2020 election, according to the order.

The lawsuit alleges that the defendants, which include the named individuals as well as President Joe Biden and top officials from a variety of federal agencies, “colluded and/or coerced social media companies to suppress disfavored speakers, viewpoints, and content on social media platforms by labeling the content “dis-information,” “mis-information,” and “mal-formation.”

The Daily Caller reports that the five CISA employees allegedly served as a “switchboard” to route requests from federal agencies to censor disinformation to various social media companies, according to the documents.

Switchboard work employed “an audit official to identify something on social media they deemed to be disinformation aimed at their jurisdiction,” top CISA election security agent Brian Skully testified in a deposition released Thursday.

“They couldforward that to CISA and CISA would share that with the appropriate social mediacompanies.”

 

 

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