Twitter was aiming to keep Musk off the board of directors by preventing him from purchasing even more of the company. But it would seem that is no longer an option as Twitter is appointing Elon Musk to the board of directors.
Musk responded quickly, in a tweet – what else – moments after the Twitter 8K, and just after Twitter’s (soon to be departing) CEO, Parag Agrawal, tweeted that “I’m excited to share that we’re appointing @elonmusk to our board! Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board” adding that Musk is an “intense critic of this service.”
“Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!” Musk replied, possibly in the most courteous pink slip in recent memory, according to The New York Times.
Just sit back and watch for the onslaught of resignations from Twitter’s woke snowflakes who can not comprehend life in the real world wherein – horror – free expression is tolerated.
Meanwhile, Jack Dorsey, Twitter’s creator and former CEO, recently bemoaned that the platform has devolved into a quagmire of woke censorship.
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After the revelation that Elon Musk had amassed a 9.9% “passive” interest in the shares, there was unusual radio silence from Twitter the whole day Monday, with the obvious purpose of implementing meaningful content adjustments in what has become a platform ruled by snowflakes for snowflakes. Well, that silence was broken only seconds ago when TWTR released an 8K announcing Musk’s appointment to the company’s board of directors.
The 8K also revealed that key provision that “for so long as Mr. Musk is serving on the Board and for 90 days thereafter, Mr. Musk will not, either alone or as a member of a group, become the beneficial owner of more than 14.9% of the Company’s common stock outstanding at such time, including for these purposes economic exposure through derivative securities, swaps, or hedging transactions.”
In other words, Twitter is aiming to keep Musk off the board of directors by preventing him from purchasing even more of the company, or the entire company. To be fair, Musk might not really want to acquire the whole company: as BofA pointed out in its reaction to the Musk-TWTR news, all the billionaire might want to know is how TWTR works:
As we wait for Musk’s reaction to Twitter, one thing is certain: Twitter’s present management team, led by woke CEO Parag Agrawal, is on the verge of being fired.
The simple prospect that Twitter will yet again get to be a free speech platform rather than an echo chamber for vehemently self-fellating liberal “get woke, go broke” has pressed TWTR stock higher by another 5% after yesterday’s record post-IPO spike, whereas a glance at the shares demonstrates what occurs when “bluechecks” flips into reverse.