Description: Elon Musk, the wealthiest man in the world, wants to buy his favourite social media company, Twitter. Musk already owns 9.1 percent of Twitter, and his “best and final” offer values the company at $43 billion, considerably higher than its current market capitalization. Corporate governance experts have mused that Musk may encounter obstacles as he has not yet lined up the financing to turn Twitter back into a private corporation.
Date: April 16, 2022
1) Are you a regular Twitter user? How about your classmates?
2) Do you think Musk will be successful in his bid for Twitter?
3) On page 1-8 in Wiley’s Financial Accounting: Tools for Business Decision-Making we see a discussion of the choice that a private corporation faces in choosing an acceptable accounting framework. What are the two broad frameworks Canadian private companies can choose from and what are some of the strengths and weaknesses of each choice?