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Explaining Elon Musk's Takeover of Twitter
Manage episode 327822948 series 2963994
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00:32 - Elon Musk, like very few people in the world, has the personal capital to buy Twitter, a publicly-traded company, and take it private. He filed a Schedule 13D with the SEC and made moves.
04:10 - Musk bought 9.2% of the company and the board had to recognize him as the largest shareholder, and they offered him a seat on the board. Musk declined because of the handcuffs they would have put on him.
08:50 - At no point so far has the board made mention of free speech, censorship, and the other reasons Musk has publicly stated he is buying the company to change.
12:40 - The Washington Post has published over 75 articles and op-eds to date that are against Musk's move to buy Twitter, claiming a centa-billionaire owning such valuable public utility/public square is dangerous. And yet they are owned by centa-billionaire themselves; Jeff Bezos.
15:18 - Twitter's board is mostly foreigners from places that do NOT have a first amendment like we do. Their values are not in line with freedom of speech.
17:22 - The government/media/political establishment attacking Musk is reminiscent of another man who challenged the power structure in our financial system, Michael Milken.
21:18 - Summary. Thanks for listening!
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