Thursday, April 28, 2022

Elon & Twitter 3

Update to this post

Twitter's board of directors voted unanimously to take Elon Musk's offer to buy the company.

At first, the board tried to stop the sale. Maybe it's because they collectively are paid about $3 million per year, and Elon intends to pay them nothing. Or maybe it's because they and the staff really want to continue censoring speech they don't like, and Elon intends to make Twitter more free. Maybe it's both.

Corporate boards are obligated by law to protect the interests of the company and the shareholders. It's called "fiduciary duty." It seems like shareholders would be well-served by the sale because they would make a profit from the price Elon offered. He reminded the board of this.

Comic satire website Babylon Bee has a take on Twitter's well-known preference for censoring speech:


(cont'd tomorrow)

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