“I hope that even my most fierce critics will remain on Twitter, because this is freedom of speech.” Social network could not resist the pressure of Ilon Mask

Twitter Inc. shares They took off 5.66% on Monday after it became known that the board of the social network accepted the proposal of Ilon Mask to buy a company and make it private. For Twitter, by the way, this is a very serious growth, because, unlike colleagues in the workshop, he did not show special achievements in the sense of increasing the price of shares. Suffice it to say that on the first day of trade on the New York Exchange (NYSE) in 2013 they cost almost $ 44.90-almost the same amount of more than eight years later, when Musk made a proposal for the redemption of the company. In a matter of weeks that have passed since that day, Twitter shares have risen in price by a third (32%).

The board did not resist the offer of the richest person of the planet - a very active Twitter user with more than 82 million subscribers, which is ready to pay $ 54.20 per share, which, after the closure of NYSE, cost $ 51.70. The whole transaction is estimated at about $ 44 billion.

The decision of the board, which discussed several hours, was surprised by many, because initially both management and most employees reacted to the offer of the mask negatively.

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