Business

Elon Musk Should Drop Twitter Bid, Invest $2 Billion in Gab


  • Elon Musk supplied to purchase Twitter on Thursday in a $43 billion deal.
  • Gab CEO Andrew Torba stated if Musk needs to guard free speech, Twitter is not the fitting place.
  • Torba supplied Musk a board seat and an unspecified quantity of fairness in trade for a $2 billion funding.

The proper-wing social media website Gab has made Elon Musk a counterproposal in response to his provide to purchase Twitter: If you wish to shield free speech, spend money on Gab as a substitute.

Gab CEO Andrew Torba stated the richest particular person on the planet ought to drop his “costly and overpriced Twitter deal” and as a substitute make investments $2 billion in Gab in trade for a seat on its board and an unspecified quantity of fairness within the firm.

“Collectively we will construct infrastructure for a free speech web,” Torba wrote in an open letter to Musk. “I’m keen to give you a Board seat together with fairness within the firm in trade for you promoting your Twitter place and investing $2B into Gab. My provide is my finest and last provide.”

Torba stated in an accompanying assertion that if Musk is considering defending free speech, Gab is in a greater place than Twitter to take action, arguing it isn’t depending on “third-party infrastructure.”

For example, he stated as a result of Twitter is within the Apple and Google app shops it has to abide by their insurance policies, whereas customers can obtain the Gab app from a browser. (Gab has lengthy been banned from the Apple and Google app shops.)

Torba additionally stated that “there may be the issue of Twitter’s neighborhood itself.”

“It skews massively left and thus anti-free speech. When you enable free speech on Twitter once more, these individuals are completely going to depart as a result of their fragile worldview cannot deal with the fact that free speech brings,” he stated.

Musk on Thursday supplied to purchase Twitter in a $43 billion deal. Within the provide letter, Musk wrote: “I invested in Twitter as I imagine in its potential to be the platform without spending a dime speech across the globe, and I imagine free speech is a societal crucial for a functioning democracy.”

He added: “Twitter has extraordinary potential. I’ll unlock it.”

Torba mimicked Musk’s feedback all through his provide letter, writing: “Gab has extraordinary potential. Let’s unlock it collectively.”

Gab was based in 2016 and touts itself as a free-speech website that doesn’t reasonable content material like most mainstream social media platforms. It gained notoriety in 2018 when the shooter of the Tree of Life synagogue in Pittsburgh posted anti-Semitic rhetoric on the positioning previous to finishing up the assault.

Gab acquired renewed consideration in 2021 when conservatives flocked to the positioning after former President Donald Trump was banned from Twitter.

Tesla didn’t instantly reply to Insider’s request for remark from Musk.



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