Twitter knows it’s fighting a losing battle against Elon Musk. They have been playing a cat and mouse game with Musk, trying to drag the inevitable out for as long as their censoring days will allow them. Elon Musk has given Twitter a substantial offer that’s beneficial to Twitter’s stockholders of $54.20 per share. Twitter taking an end run around that with a “poison pill”, which would only lower the value of Twitter stock, proves that Twitter’s board is scared of what the outcomes would be with a privately led Twitter run by Elon Musk. Sunday, Reuters reported that Elon Musk had been in talks with some of Twitter’s shareholders. That pressure, has resulted in Twitter taking up negotiations with Musk, in what could be a full buy out of Twitter. It looks as if the Twitter board has realized the inevitability of Musk possibly being its new owner, and are trying to lessen the blows in anyway they can.
I hope that even my worst critics remain on Twitter, because that is what free speech means
— Elon Musk (@elonmusk) April 25, 2022
Musk Intends to Tackle Twitter’s Free Speech Issues
According to The Wall Street Journal, Musk and Twitter were in negotiations for an Elon Musk takeover, and that a deal could be reached as soon as Monday.
“Twitter Inc. is in advanced discussions to sell itself to Elon Musk and could finalize a deal Monday, people familiar with the matter said, a dramatic turn of events just 11 days after the billionaire unveiled his $43 billion bid for the social-media company. The two sides worked through the night to hash out a deal that would be valued at $54.20 a share, the people said. There are no guarantees they will reach one.”
The about face from Twitter, to consider Musk’s offer to buy Twitter, came about as a result of Musk having video conferences with several shareholders. He discussed ways in which he would transform the company, including tackling the free speech issues that have plagued Twitter for the last few years. In particular, the permanent ban of President Trump over the January 6th riots, and the suspension of The New York Post because of an article about Hunter Biden’s laptop. Meanwhile, Russia’s President Putin, Saudi Arabia terrorists, and the Taliban, are all allowed on Twitter. Twitter has become politically one sided, when it should be apolitical. Elon Musk deems to rectify that. Musk insisted to shareholders that Twitter, because of mismanagement, could not get Twitter’s stock to the offer he was proposing. In other words, because of Twitter, Musk’s deal might be the best the shareholders will see. As a result of the news and potential buyout, Twitter’s stock rose 5% pre-Monday opening, which only solidifies the value Musk would bring to Twitter’s table.
Related: A Drop in the Bucket For Free Speech
Musk’s First Action as Owner Should be to Reinstate Donald Trump
The cards were always stacked against Twitter. When Elon Musk became Twitter’s largest shareholder earlier this month, the writing was on the wall that Musk was serious about forcing Twitter to be an actual platform for free speech. When Elon Musk refused to be a board member, which would have severely limited his ability to change Twitters direction, it was as clear as a neon sign that Musk was serious. Musk has everything going for him right now. Everything he touches has been successful, including his Space X program, Tesla, and PayPal. If Twitter refuses Musk’s offer of a buyout, the consequences to Twitter’s stock value could be severely damaging. If Twitter went through with their “poison pill” approach, it would have diminished the value of Twitter stock, resulting in its shareholders upset, possibly causing a sell off. There is no win win for Twitter in any scenario. Twitter’s best bet as a company, if it wants to stay competitive, is to take Elon Musk’s deal. Sure the purple and pink haired crazies in the company, and on the platform, might roil and twist in fits of apathetic rage, the mainstream media will shout from their basements that Musk is akin to Adolf Hitler, and Democrats and Rino Republicans will demonize Musk for being against free speech, but that just means Musk is over the target and hitting a bullseye. If Musk’s buyout of Twitter actually happens, it would be a big win for the freedom of speech, and a big win for the Republic. If I were Musk, the first thing I would do, is reinstate Donald Trump’s account. That would make the left apoplectic. Serve up the popcorn and get ready for a bingeworthy event.
