What's next? 🧐
After playing nice for a few days after shoring up a majority stake in Twitter, Elon Musk has dropped the biggest decision hurdle for the company's board of directors, which is to accept or deny hisMusk's love for the platform, where he spends most of his time anyway, is well known.
While Musk has been bubbling with ideas of what needs to change at Twitter, he hasn't laid out a master plan, at least publicly, for the overhaul he envisions. What we know is that he wants the platform to cut down on the moderation policies, and even give them an option to edit what they have said.This can be quite tricky when a lot of Twitter users have complained that the platform allows hatred and misinformation to spread easily.
Musk also wants the acceptance of Dogecoin for subscription payments, something that we have seen him do forCan the Twitter board say no? What happens if they do? that Musk's offer is actually lower than the $70-a-share high that Twitter stock saw just a couple of months ago. The Board of Directors, which currently includes Twitter founder Jack Dorsey, has a responsibility to ensure that the shareholders are protected in this transaction and might end up rejecting the offer, even though Musk has said that he is not going to revise his bid.This is also the sentiment of one of the other investors in the social media company. Saudi Arabian billionaire Prince Alwaleed bin Talal rejected Musk's offer, revealing his thoughts through a tweet.
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