The panic that the left is throwing now over Elon Musk’s offer to buy Twitter is so delicious.
They are melting down. You’re getting people now saying things about rich people and media because — suddenly — they’re so afraid that there might be free speech.
The world's richest man — someone who used to be compared to Marvel's Iron Man — is increasingly behaving like a movie supervillain, commanding seemingly unlimited resources with which to finance his mischief-making. https://t.co/V0hL78zHrq
— Axios (@axios) April 14, 2022
— Defiant L’s (@DefiantLs) April 14, 2022
it will cause the entire universe to cross the Event Horizon and be sucked into a inescapable Musk Hole where the very laws of physics and content moderation cease to exist and we will be stretched into lifeless zero-diameter spaghetti stringshttps://t.co/72USKu4GJx
— David Burge (@iowahawkblog) April 14, 2022
What’s hilarious about all this is that they didn’t have any problem with Jeff Bezos taking over the Washington Post. So what’s different here? That Elon wouldn’t row in alignment with the narrative. That’s their true problem.
Now, the Twitter board is considering the offer from Musk; they haven’t come down with a decision yet. The word from Elon is that he’s secured the funding he needs.
But one of the big shareholders, Saudi Prince Alwaleed bin Talal, who says he owns 5.2 percent of the shares, is not for the deal.
I don't believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects.
Being one of the largest & long-term shareholders of Twitter, @Kingdom_KHC & I reject this offer.https://t.co/Jty05oJUTk pic.twitter.com/XpNHUAL6UX
— الوليد بن طلال (@Alwaleed_Talal) April 14, 2022
If the left has such a problem with Elon, where was their objection to the Saudi prince’s buying up such a percentage of Twitter shares? Where’s their concern about his influence? Aren’t they always yelling about Saudi Arabia? So, where’s the objection to him? Notice, not so much, because he rows with the elite.
But Elon Musk had a quick response to the prince.
Interesting. Just two questions, if I may.
How much of Twitter does the Kingdom own, directly & indirectly?
What are the Kingdom’s views on journalistic freedom of speech?
— Elon Musk (@elonmusk) April 14, 2022
Exactly! Where’s the left screaming about Jamal Khashoggi now? Where’s the concern about foreign and unfree influence from Saudi Arabia, on a platform that has such influence in America?
A Twitter user reminded Musk of a piece of news about Saudi Arabia and Twitter.
🧐
— Elon Musk (@elonmusk) April 14, 2022
Elon reminded people that the board must look out for what is in the shareholders’ best interests.
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
If they turn down a deal where the shareholders will make out like bandits, they are failing in their fiduciary responsibility to them and will be met with legal action. So, the board will be buying themselves a snootful of trouble if they do it. That may be what they are weighing right now.
But if they do turn Elon down, he does have a “Plan B,” as he jokingly said here:
Q: "If in this case you are not successful, you know, the board does not accept your offer, you've said you won't go higher. Is there a plan B?"
.@elonmusk: "There is." pic.twitter.com/ax2Kcb8GEi
— The Post Millennial (@TPostMillennial) April 14, 2022
So, grab more popcorn. This is fun, and it may get even better!
Join the conversation as a VIP Member