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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Judge orders Biden’s DHS to release files on agents accused of censoring election ‘misinformation’
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.
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.”
UPDATE: The judge granted our motion to compel. CISA has 14 days to comply. https://t.co/2bhwQQJTG6
— AG Jeff Landry (@AGJeffLandry) January 25, 2023
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