Titanic? Like iceberg Titanic?
If the current Twitter board takes actions contrary to shareholder interests, they would be breaching their fiduciary duty.
The liability they would thereby assume would be titanic in scale.— Elon Musk (@elonmusk) April 14, 2022
The CEO, senior management and the Board face personal bankruptcy from lawsuits by aggrieved stockholders if they do not do their fiduciary responsibility. Yet the Left won’t concede its stranglehold on free speech easily. Suspect Soros and other leftist billionaires are establishing a contingency fund to protect the Twitter people and may be acquiring Twitter stock themselves.
They are looking and talking to Vanguard and other deep pockets to rescue them. I would not rule out Twitter announcing a time period for “other offers” while they work on the background to assemble the funds. Just my guess.
Nothing to prevent him from filing derivative suits as a shareholder while at the same time implementing his own Plan B if/when his offer is rejected.
The market rewards stability and predictability, and Musk holding Twitter is like Sleepy Joe holding a jug of nitroglycerin.
Twitter hears a rumble from the jungle.
Isn’t some Saudi or soemthing also,interested in buying Twitter out? Will there be a bidding war?
You know, if we coordinated we could pull off a price hike by buying Twitter stock (currently trading at $45 a share) and create another Gamestop or AMC situation. This would also fight against Vanguard and Twitter leadership by placing ownership in the hands of conservatives. Hell, if Reddit can do it, us FRiends can.
RICO anyone?
The Biden administration was quick to put out they may investigate Musk, the question is who told Biden (or his puppet masters) to do this?
Does ANYONE think Elon Musk is STUPID?
Answer, NO!
Did he not consider ALL the ramifications?
YES
Did he embark on this adventure without a PLAN?
NO!
Would it be a plan based on FAILURE?
NO!
Just for fun...
Could the slow rollout of Truth Social have anything to do with this? If Twitter can be “fixed”, why the need for Truth Social?