4.8 • 28.7K Ratings
🗓️ 18 April 2022
⏱️ 53 minutes
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0:00.0 | The Twitter board of directors is threatened to trigger an economic poison pill in its |
0:05.6 | jihad to prevent Elon Musk from taking over the company and letting conservatives speak |
0:11.6 | freely in the digital public square. |
0:14.2 | The poison pill involves flooding the market with discounted shares of Twitter's stock, |
0:19.3 | available to all shareholders other than Elon Musk and any of the associates that he's |
0:24.6 | working with to take over the company. |
0:27.2 | This is terrible for shareholders. |
0:30.9 | Their stock is just not going to be worth as much, but the board seems to think that it |
0:35.4 | is worth it to stop Musk from bringing free speech back to Twitter, especially since |
0:40.8 | it turns out that the board, now with the departure of Jack Dorsey, who helped found Twitter, |
0:45.8 | the board owns virtually no stock in Twitter themselves. |
0:49.6 | So the board is destroying shareholder value to push its own woke agenda, a woke agenda |
0:56.6 | that happens to be shared by Twitter's largest institutional investors. |
1:01.4 | I'm talking about BlackRock. |
1:02.8 | I'm talking about State Street. |
1:04.4 | I'm talking about others which in recent years have leveraged their tens of trillions |
1:09.7 | of dollars in assets under management to pressure companies to adopt woke policies, specifically |
1:16.1 | on ESG, environmental, social, and governance issues. |
1:22.0 | Elon Musk still has several options with the takeover of Twitter. |
1:27.1 | He could team up with other investors to purchase the company even at the higher price. |
1:31.6 | He could instigate a revolt among shareholders who could sue the board for destroying the |
1:36.8 | value of their stock. |
... |
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