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Elon Makes Offer To Buy 100% of Twitter, Saudi Prince Rejects It, Free Speech The Issue


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Elon’s offer to take Twitter private under his control is making more than headlines today.   It’s causing a meltdown in certain camps.

In his SEC filing, which you can read here, Elon states his motives for the offer:

Chairman of the Board, I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.  However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company. As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. Twitter has extraordinary potential.  I will unlock it.

Elon’s interest in using the platform for free speech is not being received well by the left.

Here’s a typical liberal’s response to Elon’s offer:

And Twitter is holding an all employee meeting today at 2PM to discuss Elon’s offer:

That last Tweet above says it all about the liberal mindset:  “For democracy to survive, we need more content moderation, not less”.  I don’t think content moderation is what our founders had in mind.

So what do the major shareholders of Twitter have to say?  Vanguard Group, Morgan Stanley, BlackRock, State Street, and Saudi Prince Alwaleel Talal make up a major voting block.

Saudi Prince Alwaleed Talal rejects Elon’s offer:

Blackrock tried to remove Elon as chairman of Tesla in 2018, so you know they’re not fans of his.  Besides, who considers Blackrock, Vanguard, Morgan Stanley, State Street, and the Saudi prince to be beacons of free speech?

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Elon’s offer won’t be rejected because of the money.  It will be rejected because the major stakeholders have no interest letting Americans use the platform for free speech.

That’s the bottom-line.

But imagine what it would look like if Elon takes Twitter and gives Trump his account back.   Whether you liked his tweets or not, the President of the United States should never be deplatformed.

This might be the best tweet of the day to watch:

 



 

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