BREAKING: Saudi Shareholders of Twitter Decline Musk’s Offer – Twitter Stock is Tumbling

The Saudi shareholders of Twitter have rejected Elon Musk’s ask to purchase the company as reported this morning.   Now Twitter’s stock is tumbling.

TGP reported this morning that Elon Musk made an offer for the Big Tech giant.

BREAKING: Elon Musk Wants to Buy Twitter for $43 Billion and Transform It Into ‘Private Company’

Now Zerohedge is reporting the following:

Having surged higher on Musk’s initial bid, TWTR shares have now plunged back to earth and erased all the day’s gains as investors either a) take profits on Musk-driven spikes, or b) dump the stock in anticipation of the board’s rejection and the subsequent liquidation of Musk’s holdings

Moments ago, the Saudi prince who has a large stake in Twitter announced that Musk’s proposal to purchase the company was too low.

Musk replied

In addition Zerohedge reports on Twitter’s response to Musk:

Glen Greenwald had the best analysis of what’s going on:

Twitter is a great tool with horrible management.  Quite frankly they appear to be possessed.

Now there are reports of a company-wide meeting this afternoon to discuss today’s events.

Another obvious must be asked – why would Twitter want Saudis running their business rather than an American who is for free speech?

Dear Reader - The enemies of freedom are choking off the Gateway Pundit from the resources we need to bring you the truth. Since many asked for it, we now have a way for you to support The Gateway Pundit directly - and get ad-reduced access. Plus, there are goodies like a special Gateway Pundit coffee mug for supporters at a higher level. You can see all the options by clicking here - thank you for your support!
Photo of author
Joe Hoft is a Radio Host at, Author, Former International Corporate Executive in Hong Kong for a Decade, and a Contributor at TGP since 2016. Joe is the author of five books, including his new bestseller, "The Steal: Volume II - The Impossible Occurs" which addresses the stolen 2020 Election and provides an inventory of issues that prove that the 2020 Election was uncertifiable and never should have been certified for Joe Biden.

You can email Joe Hoft here, and read more of Joe Hoft's articles here.


Thanks for sharing!