[TOP STORY] Twitter and the deal Elon Musk has struck

ALISHIA SECKAM: Elon Musk has found funding for the big-ticket item on his wish list. Negotiations began because investors were wooed by the financing details Musk released. Now it’s not just talk; Musk and Twitter have struck a $44 billion deal.There have been divergent thoughts on the price tag. You’ve got active long-term shareholders holding higher price expectations, short-term minded investors saying Twitter should accept the offer or ask for only a small increase.

ALISHIA SECKAM: Absolutely. Like you say, the stock market value has lagged rivals over the longest while. The offer, however, is still coming in well below the $70 [per share] mark that Twitter had been trading at last year sometime. Having said that, we’ve got commentary doing the rounds saying that if public markets don’t value a company an acquirer will.

He said yesterday, after the deal was announced, that free speech is the bedrock of a functioning democracy, and that Twitter is the digital town square of this democracy. He probably thinks that things aren’t being managed as well as they could be or should be, and I assume he has some ideas there to make things better.

sometimes the people that make the biggest difference in the world, good or bad, tend to be a little different from the normal human being. They are oftentimes mavericks, they do things differently, sometimes to do big things. CRAIG ANTONIE: Yes, it does, definitely. I think social media platforms have an enormous responsibility to society as a whole. Something like Twitter, for example, is an amazing idea and an amazing concept, if you think that people of any race, colour or creed can share and express a view, thought or opinion in a single place and in real time.

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