Elon Musk (hearts) Twitter
Or does he?
Since Elon Musk purchased 9.1% of Twitter’s outstanding shares, he is now the largest Twitter shareholder. Jack Dorsey, Twitter’s founder, only owns 2% of the stock.
It’s 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 Twitter’s well-known stance against the free flow of information, Conservatives were elated to see Elon Musk’s 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 Twitter’s board and begin to issue edicts, policies, standards, etc. throughout the company in opposition to Big Tech censorship. Alas, Elon decided against this.
And here’s 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 “may engage in discussions with the Board and/or members of the Issuer’s 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.”
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 “on high”.
With that, Elon is now a member of Twitter’s Board of Directors.