Twitter Takeover Battle: Elon Musk makes a new attempt

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Twitter Takeover Battle: Elon Musk makes a new attempt Elon Musk Elon Musk agrees with tweet saying 'game is rigged' if he can't buy Twitter Tribun24- Elon Musk plans to buy Twitter. This issue has been announced many times through Elon Musk Twitter. If you follow Elon Musk on Twitter, you will notice that he is talking about fraud. On Elon Musk's Twitther also is comments from supporters and supporters. Here is the story of Elon Musk's twitter. Musk goes on social media platform to rally support for Twitter offer Elon Musk’s tumultuous bid to buy Twitter continued Saturday when the Tesla CEO took to the social media platform to back claims that the "game is rigged" if his attempts fail. "If the game is fair, Elon will buy Twitter. If the game is rigged, there will be some reason why he won’t be able to," co-founder of venture capital firm Craft Ventures David Sacks said on Twitter. "We’re about to find out how deep the corruption goes." David Sacks @DavidSacks ·Apr 14, 2022 If the game is fair, Elon will buy Twitter. If the game is rigged, there will be some reason why he won’t be able to. We’re about to find out how deep the corruption goes. Elon Musk @elonmusk Indeed Musk responded to the comment with a simple "Indeed" – furthering his Twitter engagement involving his latest push to buy the social media company. Musk gave an unsolicited $43 billion offer this week to buy Twitter after he claimed he had quietly become the largest shareholder and owned a 9.2 percent stake in the company. Though shortly after his claims were made, the Vanguard group surpassed him as the largest stakeholder after it reportedly acquired 10.3 percent of the company. Twitter’s board responded on Friday by saying they would set up a plan to block Musk’s attempts. Musk criticized the social media site last month for what he perceived as a failure to abide by free speech principles. "Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy," Musk, who has a whopping 82.2 a million followers, tweeted on March 26. "What should be done?" Musk has apparently decided he should buy the social media company and add it to his list of enterprises. The Tesla CEO is now relying on the social media platform as he battles it out with the company’s board in an attempt to become the next owner of Twitter. Musk responded to a Twitter user who pointed out that "One of Twitter’s board members has never logged on to Twitter," Telsa shareholder James Stephenson posted, along with a picture of Twitter board member Robert Zoellick’s profile which showed zero posts. "Imagine a Comcast board member who has never seen television," he added. Musk responded to the comment with a resounding "!". Elon Musk—And Jack Dorsey—Turn Up Pressure On Board After Twitter’s board on Friday moved to shore up defenses against Elon Musk’s hostile takeover bid, Musk has sought to use the company’s platform against it, launching a series of critical tweets at the board this weekend. Those messages characterized the directors as irresponsible for turning away his overtures. What’s more unusual is who else was lobbing complaints about Twitter through tweets: Jack Dorsey, the Twitter cofounder who left as CEO only in November and remains a board member until next month. Dorsey labeled the board as “consistently the dysfunction of the company” and said he agreed with the idea that a badly run board “can literally make a billion dollars in value disappear,” a statement made by the venture capitalist Gary Tan. When another Twitter user asked Dorsey if he was allowed to be speak publicly like this, Dorsey had a clear response. “No,” he said. Musk worked to paint the board as out of touch with the company’s best interest by noting their small holdings in Twitter stock. “With Jack departing, the Twitter board collectively owns almost no shares!” Musk wrote. “Objectively, their economic interests are simply not aligned with shareholders.” (In Musk’s mind, if they were large shareholders, they wouldn’t be able to mistake the great offer he’s made for the business.) Musk, the Tesla CEO, has offered to buy Twitter for $54.20 a share, an approximately $43 billion valuation on the company. On Friday, the board announced it had adopted a poison pill measure, which would allow them to sell stock and dilute Musk’s ownership. It is a signal the board has little interest in accepting Musk’s proposal. Musk has said he won’t make another one, though it’s entirely possible that the unpredictable electric-car billionaire may change his mind. As for Twitter, it may elect to find a buyer it sees as more suitable, a so-called white knight defense strategy. Worth noting: There’s no evidence to suggest some formally organized collusion by Musk and Dorsey over the weekend’s tweets. But even an unintended or informal campaign by two of the most important players in this battle—who reach a combined 90 million people on Twitter—could play an important role in turning public opinion against the board. Dorsey’s beef with Twitter’s board goes back to Twitter’s start. In 2008, it sided with cofounder Ev Williams, firing Dorsey and installing Williams as CEO. (During another boardroom coup, in 2010, Williams was replaced by then chief operating officer Dick Costolo. Five years later, with Twitter stock sagging, Costolo left and Dorsey came back.) More recently, Dorsey has been a strong proponent for decentralizing social media, though it’s been unclear precisely what those goals entail. Dorsey is funding a Twitter-based project called Bluesky to study the idea. Twitter Takeover Battle: Elon Musk makes a new attempt | Tribun24 Source Fox Business Forbess