The billionaire issued a surprise offer to buy 100% of Twitter at $54.20 per share – a number that just happens to include a “420” reference to pot smoking.
The number has a special significance for pot enthusiasts – and for Musk himself, whose frequent inclusion of the reference in serious business dealings has spawned countless memes. “I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced,”– sharing a meme of himself surrounded in smoke during his infamous 2018 appearance on “The Joe Rogan Experience” podcast.Elon Musk shared the meme on Twitter.Musk’s most infamous reference to the number occurred on Aug.
The tweet kicked off Musk’s lengthy legal dispute with the SEC, which sued the billionaire for allegedly making false or misleading statements. The agency said Musk’s use of “$420” was a weed references meant to impress his on-and-off girlfriend, the electronic pop star Grimes. Elon Musk said his 2018 tweet referencing a plan to take Tesla private at $420 per share was a joke to impress his girlfriend, Grimes.In a September 2018 filing, the SEC said Musk stated he used the number “because he had recently learned about the number’s significance in marijuana culture and thought his girlfriend “would find it funny, which admittedly is not a great reason to pick a price.
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