Tesla CEO and billionaire Elon Musk threw some uncertainty into his plans for a takeover of Twitter by posting a cryptic message that said he was "moving on."
Elon Musk's Tweet Raises Questions
According to The Guardian, Musk posted the said tweet on Sunday, Apr. 24. The entrepreneur is known for his enigmatic messages on the social media platform, which he often uses to attack other people, make jokes or even post insults.
Moving on …
— Elon Musk (@elonmusk) April 24, 2022
The meaning of his latest tweet is still unclear, as it simply said that he is "moving on," and he has not done any follow-up on it.
What makes the public raise their eyebrows over the tweet is that it was posted after Musk had a dramatic week. He secured $46.5 billion in financing to fund a possible hostile bid for Twitter, including $21 billion of his own money.
The funding commitments were outlined in a filing with the Securities and Exchange Commission or SEC. Musk already owns 9.2% of the social media platform, and he announced a $54.20-per-share bid on Apr. 18.
Musk's offer is viewed as a hostile bid because it bypasses Twitter's board. The social media giant has also launched a poison pill defense to block Musk from building a stake that is bigger than 15%.
Musk has always been open about his views on Twitter. He has called himself a free speech absolutist and has clarified that he believes the platform is not giving its users enough freedom.
In a letter to the company's board, Musk said that the platform needs to be transformed as a private company. He has also flagged changes that he might bring to the social media company, including introducing an edit button for published tweets.
House Republicans Demand Twitter to Preserve Musk's Records
According to The Verge, republicans are currently in an uproar about Twitter's attempts to accept Musk's offer.
CNBC reported that the House GOP members, led by Rep. Jim Jordan, are calling on the board to preserve all records of the transactions, setting the ground for a future hearing if the Republican party takes control of the House after the US's midterm elections.
Republicans have accused Twitter of censorship, as several conservatives have been banned from the platform these past few years.
The Musk-Twitter Saga
On Apr. 4, Musk announced that he had purchased 9.1% of Twitter. The news that the Tesla CEO was the largest shareholder in his favorite social media platform sent the stock price soaring.
Musk had immediately solicited suggestions from his followers about ways to improve the social media platform by tweeting a poll.
The company responded by offering him a board seat, a move that would have restricted him to owning only 15% of the company.
At first, Musk agreed. Then he changed his mind and declined the offer. After dropping a seat on the board, he updated his filing with the Securities and Exchange Commission to indicate that he would not be a "passive player" in Twitter's affairs.
On Apr. 14, Musk purchased Twitter, to the surprise of the users.
Related Article: Elon Musk's Twitter Name Change Suggestion Goes Viral! Other Updates the Billionaire Wants for the Platform
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Written by Sophie Webster
