Elon Musk’s ongoing fight with the Twitter board has now reached the halls of government.
Musk responded by pointing out that Twitter’s board is essentially foregoing their fiduciary duty to their shareholders by blatantly denying attempts to increase shareholder value…
Twitter has always struggled financially as a company.
Now, House Judiciary Committee Republicans are ordering Twitter’s board to preserve all documents relating to Musk’s takeover attempt of the company.
Take a look:
House Judiciary Committee Republicans are demanding that Twitter's board of directors preserve documents about their response to Elon Musk's takeover attempt. https://t.co/9Tr6wZhPox
— Axios (@axios) April 22, 2022
Rep. Jim Jordan and GOP House Judiciary sent notices to Twitter's board members asking them to preserve all records and materials relating to Elon Musk’s offer to purchase Twitter. pic.twitter.com/lQmGpwANwn
— Chris Cioffi (@ReporterCioffi) April 22, 2022
In letters shared exclusively with CNBC, Republicans on the House Judiciary Committee asked Twitter Board Chairman Bret Taylor and other members of the board to preserve any messages from official or personal accounts, including through encryption software, that relate to Twitter’s consideration of Musk’s offer.
BREAKING REPORT: 18 House Republicans, led by Ranking Member Jim Jordan ask Twitter’s board to PRESERVE ALL RECORDS related to Elon Musk’s offer to buy the company. -CNBC
— Chuck Callesto (@ChuckCallesto) April 22, 2022
#Twitter co-founder @Jack Dorsey penned a scathing tweet last weekend, calling the #BigTech company’s board a consistent source of dysfunction after @ElonMusk accused the board of failing to represent the interests of shareholders. https://t.co/2NNM5ROXfI
— The Epoch Times (@EpochTimes) April 22, 2022
The Epoch Times had more details:
Reps. Steve Chabot, Louie Gohmert (R-Texas), Darrell Issa (R-Calif.), Ken Buck (R-Colo.), Matt Gaetz (R-Fla.), Mike Johnson, Andy Biggs (R-Ariz.), Tom McClintock (R-Calif.), Gregory Steube (R-Fla.), Tom Tiffany (R-Wis.), Chip Roy (R-Texas), Dan Bishop (R-N.C.), Michelle Fischbach (R-Minn.), Victoria Spartz (R-Ind.), Scott Fitzgerald (R-Wis.), Cliff Bentz (R-Ore.), and Burgess Owens (R-Utah) also signed the letters.