Mark Cuban, Donald Trump, Dave Portnoy, and More React to Elon Musk’s Twitter Bid

Mark Cuban, Donald Trump, Dave Portnoy, and More React to Elon Musk’s Twitter Bid
Tesla CEO Elon Musk stands during the official opening of the new Tesla electric car manufacturing plant near Gruenheide, Germany, on March 22, 2022. Christian Marquardt-Pool/Getty Images
Benzinga
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Elon Musk made headlines once again Thursday with news that he has offered to buy out the remainder of Twitter Inc. The news has increased the volatility in shares of the social media company and also led to a number of opinions on what the buyout means.

What Happened

Elon Musk, the CEO of Tesla Inc. and SpaceX, announced his intentions to buyout Twitter at a share price of $54.20, as reported in Benzinga Pro.
“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Musk told Twitter Chairperson Bret Taylor. “However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.”

Reactions to Musk’s Buyout Offer

Entrepreneur and investor Mark Cuban shared his thoughts on Musk’s buyout offer.