Twitter – takeover target?

Twitter – takeover target?
By Terry A. Hurlbut
Elon Musk makes himself the largest stakeholder in Twitter. Dare we hope that he will take over that company and wrest it away from Emperor Klaus (Schwab)?
Elon Musk buys 9.2 percent Twitter stake
Of the sad history of Twitter as a company and platform, the less said the better. We all remember when Twitter discontinued Donald J. Trump’s account. The reasons they gave for this act are absolutely specious, and Elon Musk said so at the time.
https://twitter.com/elonmusk/status/1348688644173934593
Last month Elon Musk ran a poll on Twitter itself, asking users whether they felt that Twitter rigidly adhered to the principle of freedom of speech. More than seventy percent of Twitter users voting in the poll said No.
https://twitter.com/elonmusk/status/1507259709224632344
Then he observed that
Twitter serves as the de facto public town square
and asserted that
Failing to adhere to free speech principles fundamentally undermines democracy.
He asked his followers what someone should do about it.
https://twitter.com/elonmusk/status/1507777261654605828
As it turns out, he already had bought 9.2 percent of Twitter on March 14. The news broke only yesterday and exploded across financial and conventional “news” media. Kiplinger’s wondered openly whether he intended a coup d’état against the Twitter company.
Many Twitter users, some with very high profiles, have called on Elon Musk to reform Twitter.
https://twitter.com/Franklin_Graham/status/1511136811174748161
https://twitter.com/RubinReport/status/1511072768246300688
https://twitter.com/SaraCarterDC/status/1511337032722919428
https://twitter.com/TomFitton/status/1510962031477862402
https://twitter.com/laurenboebert/status/1510952913434296326
Yes, Rep. Lauren Boebert (R-Colo.) called for Elon to order Twitter to reinstate the Donald J. Trump account.
https://twitter.com/VivekGRamaswamy/status/1511336265848918019
And in fact Elon Musk reached out to current CCO Parag Agarwal and said he would present some reform proposals.
https://twitter.com/elonmusk/status/1511322655609303043
Note: CNAV mentions criticism of Elon Musk’s acquisition and probably plans only to condemn it.
Hail the conquering hero
Now: what does all this mean, in terms of money or anything else? In fact, Twitter stock jumped 26 percent yesterday when the story broke. So Elon Musk has already made back what he spent.
His 9.2 percent stake wins him a board seat. So when he spoke of “working with” Parag Agarwal on company reforms, he spoke from a position of some authority.
And Mr. Agarwal knows this:
https://twitter.com/paraga/status/1511320953598357505
But when he next says that having a critic of Twitter on the board will make it stronger in the long term, does he speak sincerely?
https://twitter.com/paraga/status/1511320964813910017
CNAV doubts it. This is polite boilerplate. Translation: put up your dukes, and let’s get ready to rumble.
As further evidence, CNAV cites this SEC filing by Twitter. Elon gets his board seat, all right – but he may not raise his stake to more than 14.9 percent of the company while he serves, and for ninety days after he steps down from the board.
If Elon accepts this offer, then he cannot pursue a hostile takeover.
But a grass roots takeover might still be possible. It requires those of us with his kind of money to spend, to buy, all together, a total of 35.2 percent of the company. That means spending at least $12 billion, or more. If perhaps two and a half million people spent about $5,300 to buy a hundred shares each (the smallest “even lot,”) and then gave Elon their proxies, he would have control.
What next for Twitter
Only time will tell. At the time of writing, Elon has not yet accepted that board seat. If he does, then he has only his power of persuasion to sway other board members to reform Twitter as it needs reforming.
At least one official at the company has decamped, saying he refuses to work with Musk. Would Twitter lose users? Perhaps – but it might regain the users it has already lost, either because:
• Twitter Moderation threw them off the platform, or
• They left in disgust at the treatment of others.
CNAV wonders whether Elon could restore the tweets of certain famous accounts Twitter has recently suspended. Marjorie Taylor Greene owned one. So did a user who famously told Eric Swalwell that he was asking for civil war with his gun-control proposals. To which Swalwell infamously replied,
Good luck with that. The government has nukes.
To repeat a time-honored phrase from series television, stay tuned.
Links to:
The article:
https://www.conservativenewsandviews.com/2022/04/05/editorial/talk/twitter-takeover-target/
Videos:
https://rumble.com/embed/vx1l05/?pub=4teej
https://www.bitchute.com/video/baXGLpmIc-o/
https://twitter.com/MaximeBernier/status/1511145107738746895
CNAV:
https://www.conservativenewsandviews.com/
CNAV Store:
https://cnav.store/