Commentary As you undoubtedly have heard, Elon Musk—ever the rebel—has offered to buy the whole of Twitter for more than $43 billion. He says that the offer is final. No negotiation. If it is rejected, he will likely sell his 10 percent stake. I’m personally excited about the prospect because so many of my friends have been canceled by…
Elon Musk Is ‘Very Vulnerable to the Blackmail of the Chinese Communist Party’: Former Trump Trade Adviser Peter Navarro
April 17, 2022
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Business & EconomyChinaCompanieseconomyElon MuskFinance & Business TiesSpecial TopicsTech CompetitiontechnologyteslaUSUS NewsUS-China relations
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To Peter Navarro, former White House trade adviser under the Trump administration—what someone did is more important than what they said they will do. While some feel that tech mogul Elon Musk’s recent 9.2 percent Twitter stock purchase and his offer to buy Twitter outright is a sign that the restoration of free speech could return to the platform,…
Elon Musk Wants to Unlock Twitter’s Free Speech Potential
Elon Musk, now a 9.2 percent shareholder in Twitter, has offered to buy the company at above-market price in order to unlock Twitter’s free speech potential and make it the new town hall. However, he is being thwarted by a Saudi prince shareholder and a board that may wish to “poison pill” his efforts in…
Free Speech Battle Sparked by Elon Musk Twitter Bid; The Durham Trial Begins
Elon Musk, the CEO of Tesla, offered to buy Twitter for $43 billion and to make the social media company private. His offer has sparked a national debate on free speech, with establishment news outlets and others claiming that censorship is necessary for an alleged democracy to survive. The issue has gone beyond just a…
Lessons For Elon Musk: 5 Notorious Failed Hostile Takeovers
As any student of industry knows, Elon Musk is hardly the first person to attempt a hostile takeover. But while the Tesla chieftain’s $54.20 per share bid for Twitter continues to resonate, let’s pause to consider earlier attempts at hostile takeovers by well-respected and well-financed entities and individuals that—to ransack some Musk-worthy clichés—took off like a rocket…
Capitol Report (April 15): CIA: China is Russia’s Silent Partner
April 15, 2022
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biden administrationCapitol ReportChinaDonald TrumpElon MuskLabor DepartmentNews Videospresidential debateRare Earth MineralsRepublican National CommitteeRussia-UkraineTwitterUSUS NewsWilliam Burns
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The Labor Department released the latest unemployment data Friday. The Biden administration praised the low unemployment rate and job growth as a sign that the economy is doing well, but is there more to the picture? Tensions escalate after a Russian warship sinks. U.S. officials say the Russian-Ukraine war could last through the end of…
GOP Lawmakers Praise Musk Offer to Take Over Twitter
Republican lawmakers on Capitol Hill praised tech billionaire Elon Musk after he made a bid on April 14 to purchase social media giant Twitter at $43 billion, a major premium per share over the company’s current trading price. Musk, who owns electric vehicle manufacturer Tesla Inc. and commercial space venture SpaceX, grounded his reasons for…
What Is a Poison Pill and Why Is Twitter Taking It?
Twitter announced on Friday that its board of directors has unanimously adopted a “poison pill” defense to prevent Elon Musk from acquiring the company. If any business, person, or group acquires 15 percent or more of Twitter’s outstanding stock through a transaction not allowed by the board, according to the announcement, other stockholders will be…
Twitter’s Hostile Makeover
When you storm out of a store in disgust at exorbitant prices or shabby service, and vow not to give the establishment your patronage ever again, does that mean you hate capitalism? Far from it—any more than when you storm out of the DMV for the same reasons; the difference, of course, being that in…
Twitter Board Approves ‘Poison Pill’ After Musk’s $43 Billion Offer to Buy Company
Twitter’s board of directors has approved a provision aimed at preventing a hostile takeover that’s known in the financial world as a “poison pill,” the company announced on April 15. The board unanimously chose to adopt the “limited duration shareholder rights plan” after an “unsolicited, non-binding proposal to acquire Twitter,” the company said. Elon Musk,…
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