ALEXA’S DAILY RECOMMENDATIONBusinessENTERTAINMENTLife StyleMEDIA WATCHPOLITICSUSWORLD

BREAKING NEWS: Twitter’s Board Refused Shareholders To Vote On Musk’s Buyout!

Twitter’s Board of Directors doesn’t allow the company’s shareholders to vote on Musk’s buyout offer.

Join The True Defender Telegram Chanel Here: https://t.me/TheTrueDefender

“The Twitter board is *refusing* to allow the shareholders of the company vote Yes or No on Elon’s offer,” Jack Posobiec stated.

“Twitter must allow the shareholders to vote on Elon’s offer! Democracy!” Jack Posobiec noted. “#LetThemVote trend it,” he added.

“Twitter’s board is now in breach of their fiduciary duty, and as one of their largest shareholders, @elonmusk can and should sue them,” he added. “And every other shareholder. Titanic liability.”

“Elon: I offer you a 38% premium. Shareholders: Let’s vote. Twitter Board or Directors: No vote. Shareholders: Huh? Twitter Board: We will sell ourselves stock at a deep discount if Elon keeps buying stock. This is what democracy looks like,” Cernovich snarked.

“Twitter, Let them vote!” he added.

‘’Instead of accepting Elon’s premium to the share price, Twitter’s board is planning to dilute the company by giving insiders a sweetheart deal,” David Sacks emphasized. “This is a blatant violation of fiduciary duty and should be illegal.”

https://twitter.com/KHerriage/status/1515017582004297735?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1515017582004297735%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Ftrendingpolitics.com%2Fbreaking-twitters-board-refused-to-allow-shareholders-to-vote-on-elon-musks-buyout-may-now-be-sued-knab%2F

“This poison pill (defensive measure to prevent a takeover) isn’t just any poison pill,” Kip Herriage wrote. “It’s the regime of the elite ruling class protecting one of their primary tools for indoctrination propaganda.”

“Board members should be sued ‘personally’ for BLATANT failure of fiduciary duty,” he added.

“Twitter’s insiders essentially just decided to screw over their shareholders, crash their stock, and open the company up to massive lawsuits just to prevent Elon Musk from running Twitter in a way that won’t rig elections or censor their political opponents,” Greg Price remarked.

“Twitter’s Board of Directors & this #poisonpill is in breach of fiduciary responsibility to shareholders,” Adam Rizzieri remarked. “2021: the company posted a $221 Million LOSS. 2022: @elonmusk’s involvement offered them a chance to go from being valued at $13.3 Billion to cashing out at $43 Bn.”

Musk issued a statement on the indefensible position of not putting his offer up to a shareholder vote.

Musk said absolutely, as an answer to the question by Nick Short. “It would be utterly indefensible not to put this offer to a shareholder vote. They own the company, not the Board of directors.”

Twitter’s Board of directors adopted a poison pill strategy to stop Musk from taking over the Big tech platform and adopted free speech policies.

“Twitter, $TWTR announced that its Board of Directors has unanimously adopted a limited duration shareholder rights plan (the “Rights Plan”),” unusual whales reported. “The Rights Plan is intended to enable all shareholders to realize the full value of their investment in Twitter.”

“Important: The Rights Plan will reduce the likelihood that any entity, person or group gains control of Twitter through market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments,” the report added.

“Twitter’s board on Friday enacted a defensive measure meant to deter Elon Musk’s $43 billion hostile takeover bid,” Axios reported.

“Why it matters: The ‘poison pill,’ as it’s called in corporate terms, gives Twitter’s existing shareholders time to purchase additional shares at a discount, thus diluting Musk’s ownership stake,” the report added.

“Elon Musk is no longer the largest shareholder in Twitter; it emerged on Thursday after asset manager Vanguard Group increased its stake to overtake him,” the Daily Mail reported. “Vanguard now owns 10.3 percent of Twitter, while Musk owns 9.1 percent of the company, making him the largest individual shareholder.”
Investopedia reported that Vanguard has more than $7.50 trillion in AUM< second BlackRock, Inc $9.01 trillion

AUM, which has a large stake of 6.5% in Twitter.

Watch the video below:

“Twitter has become kind of the de facto town square,” Musk said. “So it’s really important that people have both the reality and the perception that they’re able to speak freely… so there’s no sort of behind-the-scenes manipulation, either algorithmically or manually.”

“My strong intuitive sense is that having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization,” Musk continued. “I don’t care about the economics at all.”

“I’m absolutely obsessed with truth,” Musk added.

Source
/trendingpolitics.rumble

Addison Wilson

A passionate teacher in English Language and Literature ready to give her best! Developing and implementing diverse curriculums covering a wide range of subjects. With my problem-solving skills, every job will be easily completed, so punctuation is my strength. Highly skilled at motivating students through positive encouragement and reinforcement of concepts via interactive classroom instruction and observation. My working style fits every personality type, so it makes me a great team player. I have completed numerous journalistic projects successfully, so digging for further information is my field. Fighter for freedom of speech! The truth must be revealed!

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Back to top button

Adblock Detected

For continue reading on the site please disable the Ad-block