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Democrats Are Horrified Now That Twitter Might Actually Allow Free Speech

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Democratic lawmakers voiced their concerns that Twitter will allow more speech on its platform and potentially bring back former President Donald Trump after Elon Musk purchased the technology giant Monday.

Musk, who bought out Twitter for $54.20 per share Monday, has vowed to take the company in a more free speech-oriented direction, but Democrats argue that under Musk’s leadership, Twitter could see an increase of objectionable content on its platform.

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in the statement.

Massachusetts Democratic Sen. Elizabeth Warren used Musk’s purchase to promote her proposal for a wealth tax and legislation regulating Big Tech, according to The Hill.

“Musk purchasing Twitter is dangerous for our democracy,” Warren told The Hill. “It is a reminder why we need a wealth tax and why we need some serious regulation for Big Tech.” (Read more from “Democrats Are Horrified Now That Twitter Might Actually Allow Free Speech” HERE)

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Why Elon Musk Took Aim at Bill Gates on Twitter

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Elon Musk mocked Bill Gates on social media by likening him to an emoji depicting a pregnant man after accusing the Microsoft co-founder of selling Tesla stock short while declaring a commitment to fight climate change.

Musk on Friday claimed that he exchanged text messages with Gates, who he said wanted to “discuss philanthropy possibilities” with the Tesla and SpaceX boss. Musk added that he was in no mood to collaborate with Gates after the software pioneer confirmed that he “did not close out” his $500 million short position on Tesla.

“Sorry, but I cannot take your philanthropy on climate change seriously when you have a massive short position against Tesla, the company doing the most to solve climate change,” Musk texted Gates. . .

(Read more from “Why Elon Musk Took Aim at Bill Gates on Twitter” HERE)

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Elon Musk Buys Twitter; Trump Will Not Return to Platform

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Flash: Twitter Accepts Elon Musk’s Buyout Offer

By Breitbart. After a two-week battle against opposition from the platform’s board members, self-declared free speech absolutist Elon Musk, the CEO of Tesla and SpaceX and currently the richest man in the world, has succeeded in his bid to buy Twitter.

In a press release, the Twitter board announced that they had reached an agreement with the multi-billionaire to sell 100 percent of the company at Musk’s original price of $54.20 per share. . .

Musk had been slowly acquiring shares in Twitter in the first quarter, becoming the company’s largest shareholder at the end of March.

His highly publicized campaign to take the company private kicked off twelve days ago, when he offered to buy 100 percent of the publicly-traded company. (Read more from “Flash: Twitter Accepts Elon Musk’s Buyout Offer” HERE)

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Trump Will Not Return to Twitter Even as Elon Musk Purchases Platform, Will Begin Using His Own Truth Social

By Fox News. Former President Trump will not return to Twitter, even as Elon Musk purchases the social media company and reinstates his account, instead using his own TRUTH Social as the sole platform for his voice.

Twitter, on Monday afternoon, announced it agreed to be acquired by Musk for $44 billion.

The former president told Fox News Monday that he will formally join his own TRUTH Social over the next seven days, as planned.

“I am not going on Twitter, I am going to stay on TRUTH,” Trump told Fox News. “I hope Elon buys Twitter because he’ll make improvements to it and he is a good man, but I am going to be staying on TRUTH.”

Trump told Fox News he will begin “TRUTHing” over the next week. (Read more from “Trump Will Not Return to Twitter Even as Elon Musk Purchases Platform, Will Begin Using His Own Truth Social” HERE)

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Elon Musk’s Actions at Tesla Could Signal Trouble for Twitter’s Leftist Employees

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If new incoming Twitter boss Elon Musk manages the social media platform the way that he has reportedly managed Tesla in the past, then Twitter’s leftist employees may have cause for concern.

Twitter’s board of directors approved the $44 billion transaction on Monday for $54.20 per share, and it’s expected to close this year subject to the approval of Twitter’s shareholders and other regulatory approvals.

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in a statement. “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”

Musk has already stated that he does not care about “the economics at all” in regards to buying Twitter. Instead, his focus is on “having a public platform that is maximally trusted and broadly inclusive,” which he said is “extremely important to the future of civilization.” (Read more from “Elon Musk’s Actions at Tesla Could Signal Trouble for Twitter’s Leftist Employees” HERE)

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Total Meltdown: Liberals Absolutely Losing Their Minds Over Elon Musk Buying Twitter

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It’s done. It’s official. The libs have been literally owned today. It had to happen. It had to be done. The company had no recourse when Elon Musk offered a legitimate offer to buy out the company. The billionaire entrepreneur cobbled together $43 billion to purchase Twitter. . .

(Read more from “Total Meltdown: Liberals Absolutely Losing Their Minds Over Elon Musk Buying Twitter” HERE)

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Report: Twitter Facing Mounting Pressure From Shareholders to Take Specific Action Over Potential Buyout

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Twitter is facing mounting pressure from its shareholders to not allow Elon Musk’s multibillion dollar offer slip away as the company and Musk were reportedly set to meet on Sunday to talk about his offer.

The news comes as Musk has already stated that he will not go higher than his initial $54.20 bid per share, and he recently disclosed that he has $46.5 billion in financing ready to go to buy out the company.

“A concern that Twitter’s board is weighing is that unless it seeks to negotiate a deal with Musk, many shareholders could back him in a tender offer,” Reuters reported. “While the poison pill would prevent Twitter shareholders from tendering their shares, the company is worried that its negotiating hand would weaken considerably if it was shown to be going against the will of many of its investors.”

The company has reportedly shifted gears in regard to Musk’s offer after he disclosed in a Securities and Exchange Commission (SEC) filing last week that he has the money to back up his offer.

“Twitter had been expected to rebuff the offer, which Mr. Musk made earlier this month without saying how he would pay for it,” The Wall Street Journal reported on Sunday. “But after he disclosed last week that he now has $46.5 billion in financing, Twitter is taking a fresh look at the offer and is more likely than before to seek to negotiate.” (Read more from “Report: Twitter Facing Mounting Pressure From Shareholders to Take Specific Action Over Potential Buyout” HERE)

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Saudi Prince Rejects Elon Musk’s Twitter Take-Over Bid, Elon Attacks Saudi Arabia’s Hatred of Free Speech

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Saudi Prince Alwaleed bin Talal Al Saud, a billionaire who is also one of Twitter’s largest shareholders, tweeted that he will vote to reject Elon Musk’s $41 billion all-cash bid for the company — leading Musk to question Saudi Arabia’s commitment to free speech.

“I don’t believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects,” the prince tweeted on Thursday.

“Being one of the largest & long-term shareholders of Twitter, @Kingdom_KHC & I reject this offer.”

Hours later, Musk responded with what seemed to be a jab at Saudi Arabia’s free speech and human rights record.

“Interesting. Just two questions, if I may,” Musk replied to the prince. “How much of Twitter does the Kingdom own, directly & indirectly? What are the Kingdom’s views on journalistic freedom of speech?” (Read more from “Saudi Prince Rejects Elon Musk’s Twitter Take-Over Bid, Elon Attacks Saudi Arabia’s Hatred of Free Speech” HERE)

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Elon Musk Offers to Buy Twitter; Is the Twitter Board Required to Accept Elon’s Offer?

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By CNN. Elon Musk has made an offer to buy Twitter (TWTR) and take it private, saying he believes the company needs to be “transformed.”

According to an SEC filing, Musk has offered to acquire all the shares in Twitter he does not own for $54.20 per share, valuing the company at $41.4 billion. That represents a 38% premium over the closing price on April 1, the last trading day before Musk disclosed that he had become Twitter’s biggest shareholder, and an 18% premium over its closing price Wednesday.

Musk said the cash offer was his “best and final offer,” according to the SEC filing, adding that if it’s not accepted he would have to reconsider his position as a shareholder. (Read more from “Elon Musk Offers to Buy Twitter” HERE)

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Is the Twitter Board Required to Accept Elon’s Offer?

By Daily Caller. While Twitter is not required to accept Elon Musk’s multibillion dollar offer, the board does hold certain responsibilities to shareholders aimed at maximizing the company’s value, experts and industry leaders told the Daily Caller News Foundation.

“The question is whether the board would accept this offer,” Austen Allred, CEO and co-founder of Bloom Institute of Technology, told the DCNF. “They have a fiduciary responsibility to shareholders, so in order to turn it down they’d have to have a plan for how the company could be worth more than what Musk is offering, and they do expose themselves and the company to liability in doing so.”

Musk made an offer Thursday to Twitter to purchase 100% of the company for $43.4 billion, according to The Hollywood Reporter. The Tesla chief executive officer previously purchased a 9.2% stake in the technology platform on April 4, making him the company’s largest shareholder. . .

“The conservative thing from the board’s standpoint is to accept the offer or quickly seek out a higher bidder,” Allred added.

The board could reject Musk’s offer or refuse to negotiate even though the Tesla billionaire offered a substantial premium, as long it hasn’t broken its fiduciary responsibilities, Alon Kapen, partner and leader of the Emerging Companies and Venture Capital practice group at Farrell Fritz, told the DCNF. (Read more from “Is the Twitter Board Required to Accept Elon Musk’s Offer?” HERE)

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WATCH: Elon Musk Reveals That ‘There Is’ a ‘Plan B’ if Twitter Rejects His Offer

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Elon Musk revealed during a TED Talk on Thursday afternoon that he has a backup plan if Twitter rejects his bid to buy the company.

“If in this case you are not successful in that the board does not accept your offer, you’ve said you won’t go higher, is there a plan B?” Musk was asked.

“There is,” Musk responded while smiling.

(Read more from “WATCH: Elon Musk Reveals That ‘There Is’ a ‘Plan B’ if Twitter Rejects His Offer” HERE)

Photo credit: Flickr

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Twitter Employees Say It’s A ‘S*** Show’ Since Elon Musk Refused To Join Board: Report

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Twitter employees are reportedly in a panic over the rumors of Elon Musk taking over the company.

This news comes days after the world’s richest man became the company’s largest shareholder and then rejected an invitation to join the board. Musk himself hasn’t discussed his plans publicly beyond sending a cryptic tweet.

Bloomberg reported that “the vibe” at corporate headquarters is “super stressed,” with employees “working together to help each other get through the week.” The company was already scheduled to have a “Day of Rest” on Monday, but this mental health break did nothing to alleviate the panic felt by many, the report claims.

One employee who insisted on remaining anonymous said they were concerned that Musk was “just getting started, which is unfortunate.” Other colleagues described the current happenings as a “s*** show.” (Read more from “Twitter Employees Say It’s A ‘S*** Show’ Since Elon Musk Refused To Join Board: Report” HERE)

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