What we’re reading (4/14)
“Elon Musk Offers To Buy Rest Of Twitter At A Valuation Of More Than $43 Billion” (Wall Street Journal). “On Thursday, Mr. Musk reiterated Twitter’s potential to be the platform for free speech, saying the company ‘will neither thrive nor serve this societal imperative in its current form.’”
“Is Elon Musk Really Going To Buy Twitter For $43 billion?” (Vox). “Musk has offered $54.20 per share for Twitter, which was trading for $45 per share Thursday morning before his offer became public. But Twitter was trading for more than $70 per share a year ago. Investors may simply decide that Musk’s offer isn’t good enough, and nothing else happens.”
“Elon Musk Makes Totally Serious, Good Faith Offer To Buy Twitter” (Dealbreaker). “Even given the extra time he awarded himself, Elon Musk wasn’t able to buy up every Twitter share ahead of announcing his passive stake/pressure point/practical joke. But now the richest man on earth would like to rectify that oversight and, instead of simply joining the board of the social media platform he loves to hate and hates to love, become the board unto himself.”
“Even in A Hot Economy, Wages Aren’t Keeping Up With Inflation” (Jason Furman, Wall Street Journal). “In addition to spurring inflation that outpaces wage growth, moving from a hot economy to an overheated one, as we have done, can also threaten the sustainability of job growth itself. Some combination of the Federal Reserve’s skill and luck may save the day. Next time, let’s remember that it’s better to heat the economy by putting one log on the fire at a time instead of throwing them all on at once.”
“The Great Billionaire Space Caper” (Matt Taibbi). “Whoever comes out of the Artemis capsule first, a primary winner of the mission will be a billionaire with his teeth in your wallet. Maybe two, if congress gets its way.”
