Forces Of Censorship Gather Against Musk
Forces Of Censorship Gather Against Musk – By making a bid to purchase 100% of Twitter, Elon Musk has poked a hornets’ nest. In response to his heroic effort to return freedom to online communications, a dark network of private and public censors have revealed themselves in a multi-pronged attack on the free speech advocate. And now, Twitter has revealed its attempt to ward off the profits Musk’s offer would yield their investors by employing a poison pill strategy.
Twitter’s board rejected Musk’s offer without shareholders voting on it. But Musk could still buy a majority of stock to gain a controlling stake in the company.
To avoid this, the poison pill plan places a tripwire at 15% ownership of the company’s shares that, if any investor reaches without the board’s approval, will trigger a release of new shares onto the market, which could be purchased at a discount by shareholders. This would dilute Musk’s ownership, creating a powerful obstacle to gaining control of the organization.
If the current Twitter board takes actions contrary to shareholder interests, they would be breaching their fiduciary duty.
The liability they would thereby assume would be titanic in scale.
— Elon Musk (@elonmusk) April 14, 2022
The market clearly supports the decision. Twitter’s stock had been trading at under $40 per share when Musk increased his ownership to 9%, making him the largest shareholder in the company — at that time. From the news of his purchase until now, shares have been priced at over $45, at some points trading at over $50.
The SpaceX CEO’s offer is $43 billion, or $54.20 per share. This is a huge jump for investors, and this new offer would make it even better.
But there are interests in Twitter more valuable to some than stock prices; so, an international web of interests have begun implementing a series of moves to stop Musk from achieving his goal.
Immediately, the Biden administration reportedly began a vindictive assault, with the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) launching a “joint investigation” into Musk.
BREAKING: As @elonmusk offers to buy the rest of @Twitter a legal source tells @FoxBusiness @SECGov and @TheJusticeDept have launched what he described as a "joint investigation" into a myriad of Musk regulatory issues primarily involving @Tesla https://t.co/TDFLED1XuI
— Charles Gasparino (@CGasparino) April 14, 2022
One investor, Saudi prince Alwaleed bin Talal, joined the pile on in a tweet, claiming that Twitter’s value is much more than what’s being offered by Elon, publicly refusing his bid for the company.
— الوليد بن طلال (@Alwaleed_Talal) April 14, 2022
Forces Of Censorship Gather Against Musk –
Musk responded with an excellent question that sent the Saudi prince scurrying away without a reply. Musk asked, “How much of Twitter does the Kingdom own, directly and indirectly? What are the Kingdom’s views on journalistic freedom of speech?” With the Saudis being one of the most notoriously repressive regimes in the world, the conversation stopped there.
Hey Elon, don’t forget about this doozy https://t.co/IMahhIenBa
— Alex Barredo 📉 (@somospostpc) April 14, 2022
Then, organized finance stepped in to counter Musk’s plan. The timing of all of this interest is fascinating. A new buyer would help prevent crashing share prices if Musk’s offer is turned down and he follows through on selling off all of his stock.
Thoma Bravo, a huge, but little-known, private equity firm, is stretching outside their usual operations to challenge musk’s purchase. The New York Post has quoted one source as saying that the firm “could be a white knight for the company and CEO Parag Agrawal.”
As covered by the Wall Street Journal, one investor, the Vanguard Group, has increased their Twitter shares, taking Elon’s spot as the social media giant’s largest shareholder. According to New York Times research, BlackRock Fund Advisors and Morgan Stanley Investment Management are among the other top 10 shareholders working to regulate speech in America.
But there are ideas out there that could possibly be effective in maneuvering around all of this. As international forces in Saudi Arabia and around the globe partner with U.S. Big Tech companies, Big Government, BlackRock and other unfriendly financial firms, Tucker Carlson recently had some advice that may overcome even these powerful partnerships.
Darren Beattie of Revolver.news was recently on Carlson’s show, Tucker Carlson Tonight, discussing Elon’s challenges going forward. While the interview occurred before these most recent developments, the interview is actually even more relevant now. Explaining the seriousness of Musk’s opposition, Beattie stated that:
The entire regime depends on holding a total monopoly over what Elon rightly calls the global public square. Anyone who threatens that steps into territory that is not a normal financial realm. Twitter is not a normal company. The question of who controls Twitter is far more consequential than, say, who controls Home Depot, even though Home Depot is vastly larger as a company. And so, Elon needs to be prepared for what’s coming … it would amount to, effectively, a declaration of war on our corrupt and illegitimate regime.
He went on, declaring that “the stakes of who controls the global public square are vastly more than the meager $30 billion that Twitter is allegedly worth … even more than an electric car company.”
Tucker replied with a solution that Americans should take pause to consider: “Why not democratize it? Why wouldn’t Musk say to the American public, if you’re on board, join me in buying shares of this publicly traded company, pledge me your proxy votes, and let’s take it over and restore free speech?”
Forces Of Censorship Gather Against Musk –
Elon Musk assures supporters that he has a “plan B,” should Twitter find a way to decline his offer. Perhaps there’s a 4D chess move up his sleeve. Or, maybe, he’s already thought of Tucker’s idea to call on his millions of supporters for help.
There’s also a possibility that his plan diverges from Twitter altogether.
— Gab.com (@getongab) April 14, 2022
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