Gov. DeSantis: Florida to make $15-$20M in profit when Twitter completes sale to Elon Musk

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Gov. DeSantis: Florida to make $15-$20M in profit when Twitter completes sale to Elon Musk
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While DeSantis supports the sale of Twitter to Musk and the money it will bring to the state, he doesn’t want the social media giant's headquarters in Florida.

Florida is an investor in the social media platform through the state’s pension fund and would see the profit thanks to Musk’s offer of $54.20 per share -- about 20% higher than the $45.08 closing price the day he made the offer. Shares of Twitter opened Monday at $48.62 a share, still $5.58 shy of Musk’s offer. Twitter shares hit an all-time high of $77.63 in March 2021.“This is a guy that has succeeded in almost every enterprise he’s ever done.

“Look, you guys can make business judgments, but you can’t veto a great offer just because you don’t like Elon or because you’re worried that he may open up Twitter,” DeSantis said, referencing the letter sent to Twitter’s board. But while DeSantis supports the sale of Twitter to Musk, he doesn’t want its headquarters in Florida.City and state leaders -- including Jacksonville Mayor Lenny Curry and Florida Chief Financial Officer Jimmy Patronis -- lobbied Musk to move the San Francisco-based company to uproot and head east, but DeSantis isn’t a fan.“In Florida, I think we’ve done very well, particularly over the last few years, attracting businesses that are producing things,” DeSantis said.

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