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Dorsey Dunks On Liberal Media And It Is Great!
You’d think that Jack Dorsey, co-founder of Twitter, would be
You’d think that Jack Dorsey, co-founder of Twitter, would be completely mired in the situation his company finds itself in with the offer to buy from Elon Musk. But he did find some time to do the unexpected and take a slam dunk on CNN host Brian Stelter Tucker Carlson is always selling the same […]
As much as I try to stay away from this story, because it is literally everywhere, like a big fat distraction from what really matters. Elon Musk has become the symbol of free speech and his antics with the Twitter board have the world captivated. The board is taking measures to “defend” the company from […]
I can’t believe this is happening here in America. On Monday, Federal Judge Amy Totenberg, approved an effort by a group of Georgia voters seeking to disqualify Republican Rep. Marjorie Taylor Greene from running for election. The Judge went further to deny Greene’s request for a preliminary injunction and temporary restraining order against the voters […]
MSNBC hosts are going off the rails. Any reasonably intelligent person who is paying attention can see that the midterm elections this year are going to be a disaster for Democrats. MSNBC Anchor Tiffany Cross hooked up with Democrat Strategist Terrance Woodbury to discuss the party’s prospects for the midterm election and after much back […]
It’s only been a couple of days after watching the easter bunny at the White House Egg Roll, have to distract and redirect President Biden to the other side of the lawn, that we are now learning he has told President Obama that he in fact, intends to seek reelection in 2024. FIRST, this is […]
As much as I try to stay away from this story, because it is literally everywhere, like a big fat distraction from what really matters. Elon Musk has become the symbol of free speech and his antics with the Twitter board have the world captivated.
The board is taking measures to “defend” the company from an unwanted takeover by taking actions that might not be in the best interests of the shareholders. AND that is exactly where Musk has them cornered now.
Musk has repeatedly pointed out that his offer would result in shareholders making a lot of money now. While the board tries to point out the “potential” earnings Twitter can have and what the investors “might” be able to make in the future.
The “poison -pill” approach that the board has decided to adopt, to stop Musk from gaining the ownership he needs, also could hurt current investors. By diluting the shares they are devaluing them and that dilution carries across the entire pool of investors.
Musk has also pointed out that the board is not really invested in Twitter itself. When Jack Dorsey left the company, the total ownership of the board fell to 1%.
This is a great talking point for Musk who most recently went after the unvested board members for their salary.
Board salary will be $0 if my bid succeeds, so that’s ~$3M/year saved right there
— Elon Musk (@elonmusk) April 18, 2022
At this point, Musk realizes that his path to accomplishing his goal is not by convincing the board. Instead his path is through selling the investors that he is the better way.
If he does this, then the board will have to follow or face a long line of lawsuits.
You’d think that Jack Dorsey, co-founder of Twitter, would be
I can’t believe this is happening here in America. On
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