Twitter faces the ‘nightmare’ of being
forced into free speech
The Hill [DC],
by
Jonathan Turley
Original Article
Posted By: Dreadnought,
4/16/2022 9:09:11 PM
Twitter’s board of directors gathered this week to sign what sounds like a suicide pact. It unanimously voted to swallow a “poison pill” to tank the value of the social media giant’s shares rather than allow billionaire Elon Musk to buy the company.
The move is one way to fend off hostile takeovers, but what is different in this case is the added source of the hostility: Twitter and many liberals are apoplectic over Musk’s call for free speech protections on the site.
Company boards have a fiduciary duty to do what is best for shareholders, which usually is measured in share values. Twitter has long done the opposite.
Follow the money.
16 people like this.
Reply 2 - Posted by:
Rich323 4/16/2022 10:04:26 PM (No. 1130615)
Will be interesting to see if government money is involved, who do they launder the money through to get to Twitter Google and Fakebook.
15 people like this.
Reply 3 - Posted by:
scottj 4/16/2022 10:07:15 PM (No. 1130616)
Twitter is communist. They need to go.
9 people like this.
Reply 4 - Posted by:
spacer 4/16/2022 10:11:44 PM (No. 1130619)
Don't know where any of this is going but Musk is a member of Klaus Schwab's WEF along with Trudeau. Been working with them since 2008.
6 people like this.
Reply 5 - Posted by:
HisHandmaiden 4/16/2022 10:16:28 PM (No. 1130622)
FTA: These are the people who are making fiduciary decisions for all Twitter stock owners without any financial stake in the decisions they make for the company.
Elon already knows this… no doubt he also has Plan B, C, D et al.
Watch and learn.
TBIYTC
6 people like this.
No, it’s not about the money. Twitters D&O insurer is trying to figure out how to cancel the policy.
I have been the director of several NYSE companies. Your fiduciary duty is to your shareholder. They want money. This was a fantastic deal.
I am also, sadly, the chairman of an ESG committee. There’s been a huge push in DE to try to say that directors have a duty to “society” (read: liberal causes) and can screw shareholders over for their pet political causes.
They are about to be sued out of existence.
12 people like this.
Reply 7 - Posted by:
RWPollock 4/17/2022 12:45:18 AM (No. 1130656)
After Elon declined to sit on the Twitter board of directors it was obvious what his next move was going to be. He has been the only adult in the room at Twitter. If he has his way he is going to give the Twitter children a much needed spanking, time out and will send them to bed without dinner for their bad temper tantrum behavior! Go Elon! I wish you much success in your take over bid.
12 people like this.
Reply 8 - Posted by:
kono 4/17/2022 3:43:13 AM (No. 1130682)
Someone will start scoring credibility of users, based on how much of the material they post proves to be true. And in a short time, a couple (or a few) of them will arise to compete with each other for the market. Having sites and services rate themselves and check their own content has been about as worthwhile as having NFL players receive punishment from the commissioner, and appeal the punishment, only to find the appellate was the commissioner, himself.
1 person likes this.
Reply 9 - Posted by:
coyote 4/17/2022 3:52:20 AM (No. 1130687)
It is clear, in their own judgement, the leftist twitter knows it cannot survive intellectual competition. They want to totally control what American's are allowed to say.
8 people like this.
Reply 10 - Posted by:
planetgeo 4/17/2022 4:57:58 AM (No. 1130698)
The truth to a leftist is like a crucifix to a vampire or Satan. Thus Twitter, and all the leftist-controlled social media, writhe desperately trying to keep it away from their platforms. In effect, Musk is performing an exorcism.
6 people like this.
Reply 11 - Posted by:
WhamDBambam 4/17/2022 7:13:31 AM (No. 1130723)
I have run several public pension funds. Our securities litigators would have been burning up our phone lines by now.
5 people like this.
Reply 12 - Posted by:
Felixed 4/17/2022 7:47:52 AM (No. 1130745)
Me? I like the part where "The Hill" ditches "Discus", that platform which used to append each article. You know... that open public forum where opinions are expressed but hard to control?
0 people like this.
Reply 13 - Posted by:
msjena 4/17/2022 9:19:28 AM (No. 1130823)
^^ And directs readers to Facebook and Twitter for comments. That said, the Hill comments section was a cesspool.
1 person likes this.
Reply 14 - Posted by:
franq 4/17/2022 9:38:27 AM (No. 1130833)
How many tweets could a tweeter twit, if Twitter couldn't tweet?
1 person likes this.
Reply 15 - Posted by:
Strike3 4/17/2022 11:02:17 AM (No. 1130915)
It's ironic that the garbage language that Twitter and the others should censor is alive and well as long as it has a leftist source. Profanity, obvious lies and genuine hate speech are types of content that the filters should catch but somehow they are acceptable from extremists on the liberal side.
Say that the democrats stole the 2020 election and you are banned. Say that Donald Trump and Putin are besties and you receive 10,000 likes.
1 person likes this.
Reply 16 - Posted by:
DVC 4/17/2022 4:06:50 PM (No. 1131095)
Freedom to leftists is like sunlight to vampires.
1 person likes this.
Below, you will find ...
Most Recent Articles posted by "Dreadnought"
and
Most Active Articles (last 48 hours)