Stock on April 1, 2022, the trading day before the Reporting Person’s investment in the Issuer was publicly announced,” according to the stock exchange filing.
Revealing his proposal, Tesla boss said, ‘I made an offer’ on Twitter. Earlier this month, Musk disclosed that he owns 9.2 per cent stake in the popular social media platform.
Musk had invested in Twitter because he “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.”
“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,” he said, adding,”Twitter has extraordinary potential. I will unlock it.”
Twitter said its board “will carefully review the proposal to determine the course of action that it believes is in the best interest of the company and all Twitter stockholders”.
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