Tesla CEO Elon Musk Saudi Arabian billionaire Prince Alawaleed bin Talal has applauded following his rejection of his offer to buy Twitter for $ 43 billion.
“I do not believe the offer offered by elonmusk ($ 54.20) will come close to the inherent value of wTwitter,” Alavid tweeted on Thursday. “As one of Twitter’s largest and longest-serving partners, [Kingdom Holding Company] & I turn down this offer. “
Alawite has a 4.45% stake. Share on TwitterKingdom Holding, a company owned by him, owns 0.72% of the company.
“Interesting,” Musk responded with a chuckle on Twitter. “Two questions, if I can. How directly and indirectly does the kingdom belong on Twitter? What are the government’s views on freedom of speech for journalists?”
Saudi Arabia’s law does not provide for freedom of expression or freedom of the press, nor the US State Department Reported In 2018.
The Basic Law states that “the mass media and all other means of expression must use civil and dignified language, contribute to the education of the nation, and strengthen solidarity.” “The media is barred from activities that could lead to disruption and secession, harm the security of the state or its public relations, or undermine human dignity and rights.”
Authorities will be responsible for regulating and determining which speech or expression undermines internal security, and may ban or suspend the media if the press decides that the press and publications are in violation of the law.
Biden Administration Assorted A report last year accused Saudi Arabia’s Crown Prince Mohammed bin Salman of plotting to capture or assassinate journalist and dissident Jamal Kashoki.
The judiciary has indicted two former Twitter employees in 2019 Spying for Saudi Arabia In order to target critics of the regime. When podcaster Alex Barreto brought this to Musk’s attention, he expressed his interest in the story.
Musk’s moves on Twitter have raised the company’s share price.
According to the Dow Jones Market Data Group, when he revealed his 9.2% stake in the social media company this month, its market value reached $ 40 billion, up from $ 29.9 billion when he first unknowingly began loading shares on January 31st. For the investing public.
“Lifelong social media lover. Falls down a lot. Creator. Devoted food aficionado. Explorer. Typical troublemaker.”