Forces Of Censorship Gather Against Musk – By making a bid to purchase 100% of Twitter, Elon Musk has poked a hornets’ nest. In response to his heroic effort to return freedom to online communications, a dark network of private and public censors have revealed themselves in a multi-pronged attack on the free speech advocate. And now, Twitter has revealed its attempt to ward off the profits Musk’s offer would yield their investors by employing a poison pill strategy.
Twitter’s board rejected Musk’s offer without shareholders voting on it. But Musk could still buy a majority of stock to gain a controlling stake in the company.
To avoid this, the poison pill plan places a tripwire at 15% ownership of the company’s shares that, if any investor reaches without the board’s approval, will trigger a release of new shares onto the market, which could be purchased at a discount by shareholders. This would dilute Musk’s ownership, creating a powerful obstacle to gaining control of the organization.
And Elon and his supporters are watching closely. Just before the poison pill was announced, Musk was purportedly confident that there would be consequences for such a move.
The market clearly supports the decision. Twitter’s stock had been trading at under $40 per share when Musk increased his ownership to 9%, making him the largest shareholder in the company — at that time. From the news of his purchase until now, shares have been priced at over $45, at some points trading at over $50.
The SpaceX CEO’s offer is $43 billion, or $54.20 per share. This is a huge jump for investors, and this new offer would make it even better.
But there are interests in Twitter more valuable to some than stock prices; so, an international web of interests have begun implementing a series of moves to stop Musk from achieving his goal.
Immediately, the Biden administration reportedly began a vindictive assault, with the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) launching a “joint investigation” into Musk.
One investor, Saudi prince Alwaleed bin Talal, joined the pile on in a tweet, claiming that Twitter’s value is much more than what’s being offered by Elon, publicly refusing his bid for the company.
Forces Of Censorship Gather Against Musk –
Musk responded with an excellent question that sent the Saudi prince scurrying away without a reply. Musk asked, “How much of Twitter does the Kingdom own, directly and indirectly? What are the Kingdom’s views on journalistic freedom of speech?” With the Saudis being one of the most notoriously repressive regimes in the world, the conversation stopped there.