The radical left has worked itself into a frenzy over Elon Musk’s attempt to purchase Twitter, even as the corporation tries to prevent its takeover by adopting the “poison pill.”
Musk consistently refers to himself as a “free speech absolutist,” something that runs counter to recent social media trends that stifle opposing viewpoints or unproven theories. Twitter has drawn the ire of many for deactivating accounts it deems to be spreading “misinformation.”
The Washington Post’s Max Boot claims to be “frightened” by Musk’s overture to the social media platform and says more content moderation is needed “for democracy to survive.” MSNBC’s Anand Giridharadas stresses the necessity to “abolish billionaires.”
Not to be outdone, liberal journalism professor Jeff Jarvis of CUNY likens Twitter’s current status to Weimar Germany’s just before Hitler rose to power.
From the category of “it must be true because no one would make this up,” Saudi billionaire Alwaleed bin Talal voiced his opposition to Musk’s offer. Alwaleed, who owns a 4.45% stake in Twitter, said the $54.20 offer does not approach the “intrinsic value” of the company.
Musk, in a predictably wry Twitter response, questioned how much of the social media platform the Kingdom owns. Even better, he then asked about the Kingdom’s position on “journalistic freedom of speech.”
This, of course, is the same Saudi Arabia which facilitated the murder of one of its own journalists in its Turkish consulate.
The move by Musk to take the social media platform private hit a snag Friday when the company’s board of directors issued a new “shareholder rights plan,” commonly known as a “poison pill,” in an attempt to block his effort. It gives certain shareholders the right to purchase more stock at a discount in the event of an entity attempting an unsolicited buyout.
In anticipation of the possibility, Musk said Thursday that it would be “indefensible” for Twitter to not let shareholders decide on the offer. Musk owns 9% of the company currently, and previously stated that there is a Plan B if his “best and final” offer is rejected. Whatever Plan B may be, be prepared for another round of breathless panic from the radical left.