A Look Back at the Deranged Twitter Board Members Who Nearly Murdered the Company

Revolver ^ | April 26, 2022 | Front page / Exclusive

[E. Pluribus Unum]

Elon Musk wasn’t bluffing. On Monday afternoon Musk pulled off a stunning coup that was hard to imagine even six weeks ago by buying out Twitter for a price tag of $45 billion.

Twitter’s board has accepted an offer from billionaire Elon Musk to buy the social media company and take it private, the company announced Monday.

The stock closed up 5.64% for the day after it was halted for the news.

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in a statement included in the press release announcing the $44 billion deal. “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”

...

Not even two weeks ago, the financial world sneered at Musk’s buyout offer, treating it as a ludicrous longshot. But the world underestimated Musk. Even more importantly, they overestimated his opponents.

The battle between Elon Musk and the Twitter board of directors wasn’t even a contest. Twitter’s board was a feeble collection of tech has-beens, diversity hires, and boring corporate functionaries who didn’t even use the platform whose destiny they control. From this day forward, Twitter will be in far better hands.

First of all, for the first time in a long time, Twitter will finally be under the control of someone with a real stake in its long-term success. Excluding Jack Dorsey, the current board’s ownership totaled barely 0.1% of the company.

[Vaquero]

[MercyFlush]

Elon knew he was going to win this no matter what the woke board did.

And I’m glad he’s on our side!

[Steely Tom]

And I’m glad he’s on our side!

Don't expect that to continue.

[Billthedrill]

That’s quite an article, thanks for posting. It explains a lot. The bottom line is that except for Dorsey the entire board owns 77 shares of the company. Total. With the possible exception of Durban they all need to go. When you have a board directing a company following personal self-righteousness and vanity instead of the interests of the shareholders, you have a problem no matter what industry it’s in.

[Fungi]

Very well said about the article, thank you.

[MercyFlush]

“Don’t expect that to continue.”

If it continues just past the first Tuesday in November of 2024 I’ll be happy!

[packagingguy]

Elon is very much his own person, self admitted Aspie. But he believes in free speech.

[Smellin Salt]

Leftists continue to equate levels of education with intelligence.

[Dogbert41]

""And I’m glad he’s on our side!""

"Don't expect that to continue."

It can't possibly get any worse.

[rbg81]

It can’t possibly get any worse.

---

Rule #1 - It can ALWAYS be worse.

[NetAddicted]

Good example of Twitter employees.

[catnipman]

“With the possible exception of Durban they all need to go.”

when you personally own 100% of a company, there is no need for a “board” at all ... you simply directly run it or hire a small management team that reports directly to you to run it ...

[joshua c]

didnt he say the board salaries would be reduced to zero

sure sounds like he said git!