Free Republic

Twitter claims it will take Elon Musk to court after the Tesla and SpaceX CEO announced his intention to pull out of a proposed $44 billion buyout of the company. In a message posted to the platform, Twitter Chairman of the Board Bret Taylor said the company plans to sue Musk to ensure the original agreement is honored.

Amid a feared takeover bid from Tesla CEO Elon Musk, Twitter’s board of directors threatened to fight back with a “poison pill” strategy, allowing it to flood the market with new shares if Musk buys more than 15 percent of the company. Fending off Musk’s $43 billion offer by creating more shares could dilute the value of shareholders’ stock — but Twitter’s 10 board members own just a tiny portion, Musk noted in an April 16 tweet: “The Twitter board collectively owns almost no shares! Objectively, their economic interests are simply not aligned with shareholders.” That same day, even Twitter...

Salesforce has shut down the Republican National Committee’s (RNC) ability to send emails through their platform. Salesforce.com is a Silicon Valley-based giant in the enterprise software space with over $13 billion in revenue. The company was founded by Marc Benioff in 1999, who acquired Time Magazine in 2018. In a just-published Project Veritas video, an undercover journalist leaked a recording of the company’s top executives during a video teleconference discussing their decision to stop the RNC’s emails and what they see as their role in “policing free speech”. By the way, Salesforce shut down Project Veritas, too. They cite their...