Elon Musk Rescues Free Speech by Coughing Up $44 Billion in Twitter Deal

In a stunning defeat for far-left censorship, Elon Musk, the richest person in the world, has come to the rescue of free speech.

He managed to take over microblogging platform Twitter by coughing up $44 billion to buy out its shareholders and take the company private.

SPECIAL: Get Your FREE Red Trump 2024 Hat Here

Marxist Crowd Already Plotting How to Ruin It

Musk, who is also the CEO and founder of Tesla and SpaceX, has been in talks to try to purchase Twitter for several weeks.

On Monday afternoon, his efforts finally came to fruition, despite heavy resistance from Twitter’s woke board and staffers.

Learning the news about Musk’s takeover, Democrats virtually cried bloody murder, discussing swiftly whether to start deleting their tweets as a form of protest or team up in order to spike the “average cost per user” and thus kill the company’s profitability.

The Marxist crowd is so angry because Musk called for neutral, balanced, free, and democratic moderating of Twitter, as opposed to the far-left censorship.

As news emerged of his hard-gained success in taking over Twitter, Musk promised in tweets to defend free speech, “authenticate all humans”, and defeat the spambots.”

Investing a Fortune to Take Twitter Back to Neutral

Musk has negotiated a price of $54.20 per common stock share, for a combined total of $44 billion, The Daily Mail reported.

He is actually the largest shareholder of Twitter, after acquiring a 9.2% stake for the price of $3 billion earlier this month.

Elon Musk, whose fortune on paper is presently estimated at around $270 billion, is taking Twitter private. He will now be in control over arguably the world’s most important social media platform.

To fund the buyout of Twitter, Musk invested $21 billion of his fortune in the form of equity, plus $13 billion in debt facilities from Morgan Stanley, and $12.5 billion in margin loans from the same bank and other lenders.

He put forward part of his Tesla shares as collateral, which caused the stock of the EV manufacturer to decline by 2% over fears that Musk might be entering a phase of overstretching.

In a tweet earlier on Monday, Musk urged even his “worst critics” to stay on social media because that would epitomize the meaning of “free speech.”

His good intentions, however, seem to be met with fury by the woke Marxist crowd, whose interest has never been in free speech, but in unfettered propaganda in service of their goals of refashioning the United States into a far-left dystopia.

Conservative voices and other pro-democracy, pro-free speech users of Twitter, who have been suffering the brunt of its censorship, met Musk’s takeover with great enthusiasm.

His investing of giant sums of money is seen as evidence of his dedication to serving the public in an innovative new way.

 

Recent