Commentary Elon Musk’s attempted takeover of Twitter has generated mountains of news and comment since his 13D filing with the SEC announced his ownership of 9.2 percent of the common stock on April 4th. (Subsequent filings reduced that amount to 9.1 percent) The partisan boundaries have been clearly drawn, with those on the right applauding…
Musk’s Vision, Skills Could Add Enormous Value to a Twitter 2.0
April 19, 2022
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DeSantis to Hold Twitter Board Accountable for ‘Breaching Fiduciary Duty’ by Rejecting Musk Takeover Bid
April 19, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyCompanieseconomyElon MuskFeatured TopicsMedia & Big TechPoliticsRegional-Local Newsron desantisTwitterUSUS News
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Florida Gov. Ron DeSantis waded into Elon Musk’s Twitter buyout saga on Tuesday, saying that Florida would look into holding Twitter’s board of directors accountable for breaching their fiduciary duties after its members adopted a “poison pill” tactic to thwart Musk’s takeover attempt. DeSantis made the remarks at a press conference in The Villages, Florida,…
Twitter, Elon Musk, and Charisma
Commentary Where’s Max Weber When You Need Him? The grand analyst of the workings of “charisma” would doubtless have something to say about this week’s most inflated saga: Elon Musk’s star-crossed efforts to take over the anti-social social media company, Twitter. The story thus far has been eagerly picked over by the commentariat. The main…
CNN’s New President Chris Licht Announces He’s Quitting Twitter
CNN’s new president Chris Licht has said he will no longer be using Twitter after commencing his new role, stating that the platform can “skew” important issues. Licht took to Twitter on April 18 to announce that he will be ditching the social media platform as of May 2, the same day that he starts his…
Washington Post Editorial Board Hopes Elon Musk ‘Doesn’t Win’ in ‘Hostile Takeover’ Twitter Bid
April 19, 2022
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Business & EconomyCompaniesElon MuskMedia & Big TechPoliticsSocial IssuesSocial MediaTechTech NewsTwitterUSUS News
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The Washington Post editorial board has said it hopes Tesla CEO Elon Musk “doesn’t win” in his bid to purchase Twitter. In an opinion piece published on Sunday, titled “Let’s hope Elon Musk doesn’t win his bid for Twitter,” the editorial board called Musks hopes to purchase the social media platform a “hostile takeover” adding, “let’s…
Musk No Longer Twitter’s Largest Shareholder: Who Has the Top Spot With an Over 10 percent Stake in the Company?
As Tesla Inc CEO Elon Musk hopes to buy Twitter Inc in a $43 billion deal, he is now no longer the company’s largest shareholder. What Happened: A recent SEC filing shows that Vanguard Group is now the biggest shareholder of Twitter with a 10.3 percent stake in the company. That’s 82.4 million shares, worth $3.7 billion as of Friday’s…
Poison Pill Tactic Makes ‘Coercive’ Takeover Difficult: Twitter
Twitter’s adoption of a so-called poison pill tactic makes it harder for a hostile takeover, the company said on April 18. Twitter’s board on Friday announced that a person or entity buying at least 15 percent of Twitter’s outstanding stock without approval would trigger the poison pill, which enables other stockholders to buy shares at…
Elon Musk Versus a Saudi Prince
Commentary An exchange on Twitter on April 14 between Elon Musk and Saudi billionaire Alwaleed bin Talal caused a stir on the social media platform that Musk is offering to buy. Alwaleed wrote in a tweet that as “one of the largest & long-term shareholders of Twitter,” he believes Musk’s bid of $54.20 a share…
Dorsey Rips Twitter Board for ‘Dysfunction’ After Musk Accuses It of Failing to Represent Shareholders
April 18, 2022
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Business & EconomyCompaniesElon MuskInvestmentJack DorseyMarketsMedia & Big TechSocial MediaTechTwitterUSUS News
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Twitter co-founder Jack Dorsey penned a scathing tweet over the weekend calling the company’s board of directors a consistent source of dysfunction after Tesla CEO Elon Musk accused the Twitter board of failing to represent the interest of shareholders. Dorsey made the remark in a tweet thread initiated by Garry Tan, co-founder of Initialized Capital, who…
Ethereum Founder Vitalik Buterin Has This to Say About Elon Musk’s Hostile Twitter Bid
Market chatter over the past few days is about Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk’s $54.20 per share offer to take Twitter, Inc. (NYSE:TWRT) private. Several high-profile investors and corporate CEOs have had thoughts on the development, and the latest to join the discussion is Ethereum (CRYPTO: ETH) founder Vitalik Buterin. Don’t Oppose, But… Buterin…
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