Get All Access for $5/mo

Elon Musk Seeking Investors to Buy Twitter Shares at the Same Price He Paid New Twitter shares will go for $54.20, the price Musk paid to purchase the social media giant.

By Steve Huff


Things aren't going great for Twitter or its new owner these days. There are legal woes, like a possible class-action suit over how owner Elon Musk conducted layoffs, an ongoing exodus of users, unpaid rent and other bills, and advertisers vanishing. Not to mention Tesla investors tweeting complaints that Musk is spending too much time, well, tweeting.

Semafor reports that the social media giant is hunting for new investors, offering shares at $54.20, the same amount Elon Musk paid when he purchased Twitter for $44 billion on October 27, 2022. Semafor's report indicates that Jared Birchall manages Elon Musk's family office and has been reaching "out to potential investors this week."

In an email to potential investors, Birchall reportedly said they have "received numerous inbound requests to invest in Twitter" and "are pleased to announce a follow-on equity offering for common shares at the original price and terms, targeting a year-end close."

This comes after the news that Musk sold 22 million Tesla shares for nearly $4 billion this week, the second time he's sold off a chunk of his holdings in the EV manufacturers since he bought the site.

On Friday, however, the news wasn't about Musk or Twitter seeking new cash infusions — it was about his concerns regarding a possible stalker and summary suspensions of several noted journalists who have covered the billionaire for years.

In addition to all these challenges, Twitter's blocking of links to rival social site Mastodon could eventually lead to unwelcome scrutiny from the Federal Trade Commission.

Steve Huff

Entrepreneur Staff

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

Apple Reportedly Isn't Paying OpenAI to Use ChatGPT in iPhones

The next big iPhone update brings ChatGPT directly to Apple devices.

Business News

Sony Pictures Entertainment Purchases Struggling, Cult-Favorite Movie Theater Chain

Alamo Drafthouse originally emerged from bankruptcy in June 2021.


Are Your Business's Local Listings Accurate and Up-to-Date? Here Are the Consequences You Could Face If Not.

Why accurate local listings are crucial for business success — and how to avoid the pitfalls of outdated information.

Growing a Business

He Immigrated to the U.S. and Got a Job at McDonald's — Then His Aversion to Being 'Too Comfortable' Led to a Fast-Growing Company That's Hard to Miss

Voyo Popovic launched his moving and storage company in 2018 — and he's been innovating in the industry ever since.

Money & Finance

Day Traders Often Ignore This One Topic At Their Peril

Boring things — like taxes — can sometimes be highly profitable.


Want to Be More Productive Than Ever? Treat Your Personal Life Like a Work Project.

It pays to emphasize efficiency and efficacy when managing personal time.