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

Things aren't going great for Twitter or its new owner these days. There are legal woes, like a possibleclass-actionsuit over how owner Elon Musk conducted layoffs, an ongoingexodusof users, unpaidrentand other bills, and advertisersvanishing. Not to mentionTesla investors tweetingcomplaints that Musk is spending too much time, well, tweeting.

Semaforreportsthat 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."

在一封电子邮件中向潜在投资者,伯彻尔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 Musksold 22 million Tesla sharesfor 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 apossible stalker和总结suspensionsof 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 tounwelcome scrutiny from the Federal Trade Commission.