If Twitter shares were traded on the stock exchange, then clearly they would not be worth the same $54.2 now.
Elon Musk knows how to attract investors to his projects – without this talent, neither SpaceX nor Tesla would exist. But whether he can now attract new investors to Twitter is a big question. Especially given the price they ask for one share.
According to the Semafor resource, the director of the family office, Elon Musk, approached potential and existing investors with an offer to invest in Twitter. An email sent by Musk’s financial manager, Jared Birchall, offered to buy Twitter shares at $54.2 a share. Moreover, potential investors are given only two weeks to think (they expect to receive new investments before the end of this year).
Elon Musk was paying the same amount for each share of Twitter at the time of the company’s purchase. But keep in mind that from the moment when Musk headed the social network, chaos reigned in the company, more than half of the employees left it and large advertisers left. Twitter shares are not currently traded on the stock exchange, but if they were, it is highly doubtful that their price, taking into account all the shocks, would have been the previous $54.2 a share. So the offer to buy shares now, and even at such a price, looks at least bold.
