Twitter and analysts are wary of Musk’s takeover bid.

SAN FRANCISCO (AFP) – As appealing as access to Elon Musk’s wealth may be, Twitter does not want to be ruled by a billionaire known for acting on impulse and with little regard for the consequences.

The global one-to-many messaging platform is taking steps to prevent Tesla CEO Elon Musk from acquiring all of Twitter’s outstanding shares, indicating that concerns about where he would lead the company outweigh the proposed payoff.

“It’s management, the board, who believe something is wrong,” Endpoint Technologies analyst Roger Kay explained.

“Musk is essentially an autocrat; his libertarianism is tinged with far-right politics.”

Musk, the world’s richest person and a controversial and frequent Twitter user himself, made an unsolicited bid of $43 million for the social media network earlier this month, citing improved freedom of speech as a motivation.

The offer, which he stated was final, values Twitter at $54.20 per share, which is higher than the closing price prior to his bid but lower than the high of $77.06 set in February of last year.

Twitter’s board chose to swallow a “poison pill,” stating that any acquisition of more than 15% of the company’s stock without its approval would trigger a plan to flood the market with shares, making a buyout much more difficult.

Musk already owns more than 9% of the company, making him the company’s largest shareholder.