Good morning.

Welcome to Axios Today, it's Friday, April 15th.

I'm Erica Pandy, Infernala Boudou.

Today, Axios CEO Jim Van De Haai on why we all need some tough love sometimes.

But first, our one big thing, billionaires go after free speech.

Elon Musk wants to take over Twitter.

He's offered to buy the company and take it private for $43 billion in cash.

This comes after he bought a 9.2% stake in the social media company.

And yesterday at the TED conference, Musk said he wants Twitter to follow the free speech

laws of the country and not regulate user speech.

And he's not the only billionaire to wait into these free speech battles.

Sarah Fisher is Axios's Vini reporter and she's here with more.

Hey, Sarah.

Hey, Erica.

So Sarah, what do we know about Musk's plans for Twitter?

I mean, they offered him a board seat to have influence over the company that way,

but he declined that offer.

So what's happening now?

Well, now the board has to decide what to do.

But there's a lot of moving pieces as of late on Thursday, Vanguard disclosed a new stake

in Twitter.

And there's now reports out that there could be private equity firms that are considering

...