No Restrictions: Elon Paves a Way to Reign Over Twitter After Pulling Out of Board Member Deal

"Last week, after Musk became Twitter's single biggest shareholder, Twitter's management announced that he would join their Board of Directors. The seat would come with two major restrictions. First, Musk would be barred from owning more than 15% of Twitter stock; he would not be allowed to control the company. Second, as a board member, Elon Musk would have a fiduciary duty to shareholders. And in real terms, that means he could not reveal Twitter's algorithms; he couldn't tell the public what they are. Those algorithms are used to censor and suppress effective critics of the Biden administration, very often without their knowledge. It's done in secret; you can't fight back. You don't even know what's happening. So he could not challenge that if he took a board seat, but this weekend, Musk abruptly pulled out of the deal, and that means he's free to buy more shares of Twitter. In fact, to control it."

Source: https://twitter.com/TPostMillennial/status/1514041500291801092?s=20&t=kqa996Y-oeo73t4UEZgCgg

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