Ep. 1633 - Is Elon Done Running Twitter?
The Ben Shapiro Show
The Daily Wire
4.4 • 152.4K Ratings
🗓️ 19 December 2022
⏱️ 44 minutes
🧾️ Download transcript
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| 0:00.0 | As more information emerges about FBI intervention at Twitter, Elon Musk pledges to step down from leading the social media company. |
| 0:06.3 | Up to 5,000 illegal immigrants could begin flooding the border every single day as Title 42 comes to an end. |
| 0:11.9 | And the January 6th committee fiasco comes to its conclusion. |
| 0:14.9 | I'm Ben Shapiro. This is The Ben Spiro Show. |
| 0:26.2 | Today's show is sponsored by ExpressVPN. Do you like your web history being seen and sold to advertisers? |
| 0:35.2 | No, me neither. Get ExpressVPN right now at ExpressVPN.com slash Ben. Well, Elon Musk bought Twitter not all that long ago, and he's been a very hands-on owner. He's been formulating Twitter policy in real time, banning accounts, bringing back accounts, |
| 0:39.7 | doing everything by Twitter poll. |
| 0:41.1 | Over the weekend, Elon Musk put out a poll asking whether he should step down as the active |
| 0:46.1 | head of Twitter. |
| 0:46.7 | It doesn't mean he'll give up ownership of Twitter, of course, but he put out a poll saying |
| 0:50.5 | that he would pledge to abide by the results of the poll and asking whether people |
| 0:54.9 | should allow him to remain the CEO of Twitter. And then the poll results came in and nearly 60% |
| 1:02.5 | of people on Twitter were polled said that Musk should not remain the CEO of Twitter. |
| 1:07.9 | Now, here's the thing. I think Musk is smart enough to know what the result was going to be ahead |
| 1:10.8 | of time. I really doubt that he thought that 60% people were going to say, yeah. So what this really looks more like is a transition plan. He wants to make it look like the people wanted him to step out of the way and then he'll appoint somebody else to run Twitter. But this does speak to the way that Twitter is currently being run, which is very ad hoc. again, I don't have a problem with that because I would rather that there be someone at the top of the food chain to blame, as opposed to the way Twitter was being run. But this does throw the entire social media system into at least some chaos because nobody actually knows what's coming next. I have no information suggesting that Elon Musk actually knows who would replace him as CEO of Twitter. It's not like he has somebody waiting in the wings. And this is all a setup. |
| 1:46.8 | This is all seed-to-the-pants kind of stuff, which makes it, on the one hand, fun. And on the other hand, slightly terrifying for those who actually are trying to figure out what standards Twitter is attempting to apply here. According to the Wall Street Journal, the majority of Twitter users said Elon Musk should step down as chief of the company in a poll the billionaire pledged to follow, casting new uncertainty on the social media platform after more than seven weeks of turmoil since he took it over. More than 17 million users had voted by the time the poll on the platform closed after 6 a.m. Eastern time, with 57.5% saying he should leave as the head of the company he bought in October for $44 billion. dollars. Musk had said when he launched the Twitter poll on Sunday, he would abide by the results. |
| 2:17.8 | It's not clear he would be taking over Twitter, Inc, if Musk steps aside or what his role would remain, given that he still owns the company. Most of the company's prior leadership was either fired or left after he took over. And by the way, it's not going to be a great job. For all those people who are clamoring and saying out there, I could do it. Well, Musk is just going to fire you after two weeks because all that will mean is that he stands sort of behind whoever the Twitter CEO is. Musk tweeted, quote, no one wants the job who can actually keep Twitter alive. There is no successor. Now, one of the reasons why Musk is doing this is because his other companies like SpaceX and |
| 2:51.5 | Tesla have been suffering on the stock market. Shares in Tesla have fallen more than 57% this year, |
| 2:56.5 | frustrating some retail investors who partly blame Musk's focus on Twitter for the decline. |
| 3:01.1 | And this is not unusual. Anytime the market perceives Musk as a volatile figure, his stock drops. |
| 3:05.9 | And then it always comes back. This happened with Tesla when Musk went on Joe Rogan's show and he smoked pot. And for a moment there, it looked like the Tesla stock was going to be in rough shape. And then, of course, Tesla pulled out of the tailspin and soon it was doing fine. Tesla shares were jumping pre-market Monday amid the suggestion that Musk would stop running Twitter and return his attention back to the engineering company that he found it. There been questions since Musk first showed interest in buying Twitter how he would juggle running that company while also pursuing all of his other endeavors. Bill Nelson, the National Aeronautics and Space Administration's administrator this month said he had asked SpaceX president, Quinn Shotwell, if Twitter would divert from the rocket company's mission. She assured me it would not be a distraction. Musk said last month that he had too much work on his plate. Now again, it's been a pretty chaotic |
| 3:46.3 | couple of months under Musk. Much of what he has done has been excellent. So, for example, |
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