Ok, I’m sure many of you are wondering why I haven’t commented on the Musk potential takeover of Twitter. First I took securities in law school and have previously ranted about it in the context of insider trading but I’m not by any stretch of the imagination anything resembling an expert on corporate takeovers. So my perspective today is on how much I am enjoying the left melting down over the possibility that Twitter would actually be a free speech platform. Look at the idiot Max Boot lamenting that democracy needs more speech control to survive. Really isn’t that the opposite of what democracy requires? The open and free exchange of ideas is exactly what democracy requires and that scares the shit out of the left.
Now I will comment a little on reality of what’s going on from a legal perspective. First, the Twitter board owes a fiduciary obligation to maximize the value of Twitter stock and they have decided without a vote of the stockholders to reject an offer that would have made all of them more rich for woke reasons. They are committed to silencing free speech, read that as conservative speech, on their platform and probably to protecting their incredibly and unsupportively outrageous salaries. They know that if Musk takes over they are toast and so they are voting their interests and not those of the shareholders. And so they instituted the poison pill today to protect themselves and screw the shareholders. And the one thing I do know is that their actions will lead to many shareholders suing them. And btw I’m not going to explain the poison pill. Few if any of you reading this would know or care what that is. Suffice it to say it’s a way to make it impossible for Musk to buy Twitter.
Lastly, and in further proof of the Magoo administration politicalizing the DOJ and the SEC, they have decided to initiate an investigation into Musk and Tesla just to try to complicate any effort by Musk to actually allow free speech before the midterms. It’s purely political and just shows what you can expect from the socialist/fascists on the left.