Terry Sawchuk on News On with Miranda Khan: Elon Musk Buys Twitter

Apr 26, 2022 | Blog, Blogs, In the News

Could free speech finally be coming to Twitter? Elon Musk, the richest person in the world according to Forbes, has officially purchased the social media company for around $44 billion in cash, or $54.20-per-share, with the hopes of privatizing, growing and guaranteeing free speech on the platform. To learn more about how this sale may impact Twitter and its board of directors, News On with Miranda Khan turned to Terry Sawchuk, founder and chairman of Sawchuk Wealth, for insight.

“I think it’s pretty scary for the board of directors,” says Sawchuk. “When you think about the exposure they may have legally in the testifying they did for Congress about the algorithms, censorship and all that other stuff.”

While originally the chances of Musk’s deal to buy Twitter seemed bleak, his latest offer created a rapid change of mind – with the Twitter board agreeing to the sale the very same day. What caused this change of tune? According to Sawchuk, he believes it came down to one thing: money. “There just aren’t any more competitive bids. He’s got them backed into a corner,” he explains.

Click here to watch the entire segment.

 

Any information discussed in this article is for educational purposes only. It is not meant to be any kind of recommendation or financial advice. The information contained in this video is intended for informational purposes only. Any opinions are those of Terry Sawchuk and not necessarily those of JW Cole Financial, Inc. or JW Cole Advisors, Inc.

Securities offered through J.W. Cole Financial, Inc. (JWC) Member FINRA/SIPC. Advisory services offered through J.W. Cole Advisors, Inc. (JWCA). Sawchuk Wealth and JWC/JWCA are unaffiliated entities.