It was announced yesterday after the market closed. The Twitter board accepted Elon’s deal. What was all that about? Last I knew, they were ready to swallow a poison pill. Might it have something to do with their fiduciary responsibility as I mentioned in a previous post? Funny thing is, I saw a clip from some fool at BSNBC talking about “fiduciary responsibility”. Either he had no clue what term meant or he was depending on the supposition his audience had no clue. Well, what do you expect from such people anyway?
So many people on the right are applauding Elon’s “win” while the left is bemoaning the total obliteration of “democracy”. You know, that sort of democracy whereas the only correct words are those spoon-fed us from government authorities and their elite handlers. Bite me.
Even Tucker Carlson got in on the act, declaring Elon as the man of the hour, the only one brave enough to save us. All I could think of was “here we go again.” Look, I’m glad Elon took the initiative. I’m glad he forced Twitter’s hand. That said, I don’t think for a minute his was the best possible outcome. Why? Because Elon is one man. Mark Levin hit the nail on the head Sunday night.
In his monologue, Levin, broke down the common terms bandying about these days: America First, Nationalist, Populist, and so forth. While he did not expressly put it as I would, he finally got down to brass tacks. We are self-governing citizens in a Constitutional Republic. This is the basis for our nation and that basis necessarily forms a decentralized government.
In this same sense, Elon Musk is essentially becoming the dictator of Twitter. HE owns (or will own) most of it – enough where what HE says goes. The outcome of such an arrangement depends on who is in charge. In Elon Musk’s case, I do believe he is sincere in his quest to free our nations tongues. Such is not the case at FnBook or other social media platforms. Does anyone see the problem here?
This is why I own Twitter and this is why I am loathe to give it up. It is not good enough for my voice to be heard on Twitter. I want my voice to be heard as one invested in the platform – someone with a dog in the fight.
It’s not too late but, as I’ve stated so many times, I am only one voice. It is weak. It has limitations. Alone me and my handful of shares are nothing. With others, with you, I am stronger. With us, we are mighty. This is why I’m asking you to pick up a few shares yourself, if you can afford it.
There are several brokers can facilitate your purchase. I use Webull. I chose them because they had the best offer at the time. At this writing they still do. I ended up with nearly $30 in free stocks for signing up and funding my account. Others could end up with more or less (the least amount would be 5 stocks at $3 each). And of course those stocks could grow or shrink in value. Either way, instead of providing a link in the post, I put it in a widget at your right. Feel free to use Webull or someone else. What matters more is if Twitter is owned by a huge number of patriots instead of just one man. I’d like to see the company stay public in such a case. Otherwise it will be a privately held corporation.
What’s Next In My Devious Plan?
I promised in my last post so here it is. Mind you, this latest news is likely to change things and thwart my plans altogether.
First I’d planned on contacting shareholder services at Twitter and requesting any and all information I could get my hands on. Annual reports, bylaws and so forth.
Next, I thought I’d start a Twitter Shareholder’s site where we all could debate on the direction of the company and how we see things moving forward. It would also be a place where we could hold straw votes on issues. Put forth candidates for the board and such.
Beyond that, I had no plans other than see what trouble the bylaws would allow me to get into. You’d be surprised what can be done if one simply reads the rules. 🙂
However, as it appears I am yet again just one voice crying in the wilderness, I’m not seeing any great need to go forward. It appears Elon will complete his purchase. I may or may not sell my shares. Much depends on how I expect it all to play out. If I can remain a minority shareholder I might just keep my fingers in the pie. The worst that can happen is I lose a few hundred bucks.