Elon Paves a Way to Reign Over Twitter

"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."

Check the biased MSM BS narrative propaganda!

ELONGATE Update: Elon Musk has secured a $46.5 billion financing commitment to acquire Twitter Inc and is considering starting a tender offer for its outstanding shares, a filing with U.S. regulators showed. Elon Musk has:

1. $25.5B in financing for Twitter from a group of banks led by Morgan Stanley—includes $12.5B in margin loan against his Tesla shares.

2. The rest of the money ($21 B) is coming out of his own pocket. (SEC filing)

ELONGATE: GOP Reps Demand Twitter Preserve All Musk Takeover Bid Records

18 House Republican have moved to ensure Twitter safeguards all personal and company records relating to Elon Musk’s buyout bids, sparking the likelihood of a congressional investigation should the GOP win back a majority in the midterms.

The lawmakers’ letter to Twitter’s board justified their request as a push to “examine Big Tech and how to best protect Americans’ free speech rights”.

The GOP vs Twitter war dates back to October 2020, when the platform buried links to a New York Post story exposing Hunter Biden and his father's business links - which then-CEO Jack Dorsey admitted was “wrong”.

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