Twitter faces the nightmare of being forced into free speech | The Hill
Thus, an outbreak of free speech could have dire consequences for many in the political-corporate-media triumvirate. For them, the greatest danger is that Musk could be right and Twitter would become a more popular, more profitable company selling a free speech product.
Poison pill maneuvers are often used to force a potential buyer to negotiate with the board. However, Twitter s directors (who include Agrawal and Dorsey) have previously limited their product to advance their own political preferences. This time, federal law may force them to fulfill their fiduciary duties, even at the cost of supporting free speech. The problem for the board will occur when the nightmare of free speech comes in at $60 a share.
via thehill.com
Jonathan Turley.
I’m not sure $60/share is the magic number though. It could be quite a bit higher. But it’s true, if Elon is willing to just keep pushing his bid higher and higher, it will be increasingly difficult for the twitter Board to just say no. Difficult, but not impossible. But Elon doesn’t have that kind of cash it seems. But keep your powder dry, cowboys– anything can happen.