Since Elon Musk purchased 9.1% of Twitterâs outstanding shares, he is now the largest Twitter shareholder. Jack Dorsey, Twitterâs founder, only owns 2% of the stock.
Itâs no secret that Twitter is not only a proponent of censorship; it actively engages in either removing or banning posts and personalities that do not subscribe to the commonly accepted narrative. For instance, the NY Post was banned from Twitter because of its research and stance around the Hunter Biden laptop controversy. In the past few days, Juanita Brodderick (assault victim of former President Bill Clinton), has been banned because of her stance on the COVID-19 narrative.
With Twitterâs well-known stance against the free flow of information, Conservatives were elated to see Elon Muskâs controlling ownership of Twitter. Elon is not known for being a Conservative (he believes in climate change and wants to colonize Mars because of the damage humans are doing to the earth). However, he believes in free speech and is an avid Twitter user.
For a while, it was believed that Elon would take a seat on Twitterâs board and begin to issue edicts, policies, standards, etc. throughout the company in opposition to Big Tech censorship. Alas, Elon decided against this.
And hereâs why⊠(keep reading)
According to SEC filings, Elon has systematically purchased shares of Twitter since January 31st. By April 1st, the acquisition of shares was complete.
With the updated 13D filing, Elon âmay engage in discussions with the Board and/or members of the Issuerâs management team concerning, including, without limitation, potential business combinations and strategic alternatives, the business, operations, capital structure, governance, management, strategy of the Issuer and other matters concerning the Issuer.â
The updated filing not only places Elon on the Twitter board; it allows him to have an active role on the board to issue edicts, policies, etc. from âon highâ.
With that, Elon is now a member of Twitterâs Board of Directors.