Musk tapped Morgan Stanley as a financial advisor, according to the filing.
“The Twitter Board of Directors will carefully review the proposal to determine the course of The news comes just days after Twitter CEO Parag Agrawal warned investors of “distractions ahead.” Shares of Twitter surged dramatically in recent weeks amid the news from Musk, but are up 6% this year and 18.5% since the start of the month. Here is the letter Musk sent as disclosed in a securities filing: I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy. However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.
