Twitter users have threatened to deactivate their accounts after reports that Twitter may approve Elon Musk’s offer to buy the technology giant on Monday.
“#RIPTwitter” was trending on Twitter after multiple sources reported that Twitter’s board could approve Musk’s offer to buy the company for $54.20 per share as soon as Monday. Musk made a $46.5 billion offer to buy the company earlier this month.
“Not sure I am interested in Twitter if Elon Musk owns it,” CNN contributor John W. Dean tweeted late Sunday.
https://twitter.com/JohnWDean/status/1518349284994809857?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener
https://twitter.com/yashar/status/1518562067472551936?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener
Users blasted Twitter’s potential decision to sell to Musk, arguing that he will destroy the company, while others have threatened to leave the platform overall.
“Why the hell would Twitter board agree to Musk buying and destroying what they built,” former U.S. Florida Senate Candidate Pam Keith said in a tweet.
https://twitter.com/PamKeithFL/status/1518566456417476609?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener
“Might be time to exit this platform soon,” CNBC journalist John Rosevear tweeted Monday.
https://twitter.com/john__rosevear/status/1518535411529887744?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener
Musk purchased a 9.2% stake in the company on April 4 making him the largest shareholder and the time. The board initially tried to reject Musk’s offer by implementing a “poison pill” which allowed shareholders to purchase shares at a discounted price, an attempt to devalue Musk’s ownership in the company.
https://twitter.com/chelseybcoombs/status/1518555145717657601?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener
Other Twitter users mocked those who said they were abandoning the platform.
“‘You can find me on Instagram if Elon Musk buys Twitter is the new ‘I’m moving to Canada if Donald Trump becomes President,’” cryptocurrency investor Joe Pompliano tweeted.
https://twitter.com/JoePompliano/status/1518566178817560576?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener
Twitter’s stock surged Monday before the stock market opened, increasing over 5% to roughly $51.50 per share after news broke of the deal, according to The New York Times.
Musk announced Thursday that he secured the necessary $46.5 billion to purchase Twitter.
“If our twitter bid succeeds, we will defeat the spam bots or die trying,” Musk tweeted Thursday. “And authenticate all real humans.”
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