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Musk says his $47bn Twitter bid is ‘not a way to make money.’ That bothers critics

The Tesla boss signalled he wants to control Twitter and cut censorship but critics worry this might damage Twitter financially

By David Wighton
Elon Musk said his offer for Twitter is final while the board has made it clear it thinks the price is too low
Elon Musk said his offer for Twitter is final while the board has made it clear it thinks the price is too low Photo: NurPhoto via Getty Images

So Elon Musk was serious about his bid for Twitter. Given his erratic record and cryptic statements since his stake in the social media platform was first disclosed, it was not surprising the market was sceptical.

After all, he wasn’t serious about his offer to take Tesla private in 2018 and was duly censured by the Securities and Exchange Commission.

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