Twitter needs to be transformed as a private company.” In a letter to Twitter chairman Bret Taylor detailing the $43 billion offer, Musk wrote that he believes the company has the “potential to be the platform for free speech around the globe,” calling free speech a “societal imperative for a functioning democracy.” The Tesla and SpaceX CEO, who currently owns 9.2% of Twitter and is offering to buy the remaining 90.8% for $54.20 per share, wrote that “the company will neither thrive nor serve this societal imperative in its current form. Elon Musk, the world’s richest man, has made a bid to buy Twitter-and right-wingers couldn’t be happier.