{"id":1428130,"date":"2022-04-11T07:45:18","date_gmt":"2022-04-11T11:45:18","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1428130"},"modified":"2022-04-11T07:45:21","modified_gmt":"2022-04-11T11:45:21","slug":"hostile-takeover-inbound-world-reacts-to-musk-not-joining-twitters-board-as-he-posts-cryptic-tweet","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hostile-takeover-inbound-world-reacts-to-musk-not-joining-twitters-board-as-he-posts-cryptic-tweet\/","title":{"rendered":"\u2018Hostile Takeover Inbound\u2019: World Reacts To Musk Not Joining Twitter\u2019s Board As He Posts Cryptic Tweet"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhostile-takeover-inbound-world-reacts-to-musk-not-joining-twitters-board-as-he-posts-cryptic-tweet%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1428130&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/dw-wp-production.imgix.net\/2022\/04\/EM-scaled.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>Entrepreneur Elon Musk set the internet ablaze on Sunday night after Twitter, which he recently became the largest shareholder of, announced that he had declined their offer to join the company\u2019s board.<\/p>\n<p>\u201cElon Musk has decided not to join our board,\u201d Twitter CEO Parag Agrawal said in a statement. \u201cWe announced on Tuesday that Elon would be appointed to the Board contingent on a background check and formal acceptance. Elon\u2019s appointment to the board was to become officially effective 4\/9, but Elon shared that same morning that he will no longer be joining the board.\u201d<\/p>\n<p>\u201cThere will be distractions ahead, but our goals and priorities remain unchanged,\u201d Agrawal later added. \u201cThe decisions we make and how we execute is in our hands, no one else\u2019s. Let\u2019s tune out the noise, and stay focused on the work and what we\u2019re building.\u201d<\/p>\n<p>Shortly after the announcement was made, Musk tweeted out an emoji of a face with a hand over its mouth, which usually <a href=\"https:\/\/www.emojiall.com\/en\/emoji\/%F0%9F%A4%AD#:~:text=%F0%9F%A4%ADMeaning%20and%20Description,emojis%3A%20%F0%9F%A4%AB%F0%9F%98%8F%20%F0%9F%A4%90%F0%9F%99%8A%20.\">means<\/a> \u201cto cover your mouth, not to speak, to mute\u201d and is typically used to \u201cexpress emotions of rapture, smirk, shy smile, or happiness.\u201d<\/p>\n<p>However, Musk later deleted the tweet.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Elon Musk deleted this cryptic tweet after it was announced he won\u2019t be joining Twitter\u2019s board of directors\u2026 <a href=\"https:\/\/t.co\/kmag7cprMp\">pic.twitter.com\/kmag7cprMp<\/a><\/p>\n<p>\u2014 Joseph A. Wulfsohn (@JosephWulfsohn) <a href=\"https:\/\/twitter.com\/JosephWulfsohn\/status\/1513400244519809024?ref_src=twsrc%5Etfw\">April 11, 2022<\/a><\/p>\n<\/blockquote>\n<p>After becoming their top shareholder with control of more than 9% of the company, Musk\u00a0<a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/0001418091\/000119312522095651\/d342257dex101.htm\">signed<\/a>\u00a0an agreement with Twitter for the following terms as long as he served on their board: \u201cMr. Musk agrees that, for so long as Mr. Musk is serving on the Board and for 90 days thereafter, Mr. Musk will not, either alone or as a member of a group, become the beneficial owner of more than 14.9% of Company\u2019s common stock outstanding at such time, including for these purposes economic exposure through derivative securities, swaps or hedging transactions.\u201d<\/p>\n<p>Since Musk declined to join the board, he is not bound by any restrictions on how much of the company he can buy, journalist Yashar Ali\u00a0<a href=\"https:\/\/www.dailywire.com\/news\/musks-decision-to-not-join-twitters-board-signals-potential-major-move-he-can-now-make-on-the-company\">noted<\/a>.<\/p>\n<p>\u201cHostile takeover inbound,\u201d Austen Allred, CEO Bloom Institute of Technology, <a href=\"https:\/\/twitter.com\/Austen\/status\/1513363444623294471\">tweeted<\/a>. \u201cMy read of this: (I\u2019m guessing). 1. Twitter board wakes up to realize Elon owns 9% of the company. There\u2019s a path to him taking over. 2. Offers a board seat contingent upon him not buying too many shares. Try to contain. 3. Negotiations break down on term details. 4. ???\u201d<\/p>\n<p>Matt Bilinsky, a business attorney, suggested that the reason Musk did not join Twitter\u2019s board was because he would not have been able to say much about the company publicly. \u201cSince the Board announcement he\u2019s been crowdsourcing ideas and chatting via Twitter,\u201d he tweeted. \u201cHe quickly realized that\u2019s all over as soon as he actually joins the Board and tapped out.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I\u2019d bet anything it was this. <\/p>\n<p>Since the Board announcement he\u2019s been crowdsourcing ideas and chatting via Twitter. <\/p>\n<p>He quickly realized that\u2019s all over as soon as he actually joins the Board and tapped out. <a href=\"https:\/\/t.co\/NDolsbF9tO\">https:\/\/t.co\/NDolsbF9tO<\/a><\/p>\n<p>\u2014 Matt Bilinsky (@mattbilinsky) <a href=\"https:\/\/twitter.com\/mattbilinsky\/status\/1513372241437741059?ref_src=twsrc%5Etfw\">April 11, 2022<\/a><\/p>\n<\/blockquote>\n<p>\u201cOne board seat doesn\u2019t translate to much power,\u201d another account noted. \u201cOnly if you have majority control can you fire management and change a company\u2019s direction. Seems like this was lost on many people. Musk may want more than 15%. If so, the poison pill plan is underway to block him.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">One board seat doesn\u2019t translate to much power. Only if you have majority control can you fire management and change a company\u2019s direction. Seems like this was lost on many people. Musk may want more than 15%. If so, the poison pill plan is underway to block him.<\/p>\n<p>\u2014 FischerKing (@FischerKing64) <a href=\"https:\/\/twitter.com\/FischerKing64\/status\/1513366018269216771?ref_src=twsrc%5Etfw\">April 11, 2022<\/a><\/p>\n<\/blockquote>\n<p><em>The Daily Wire is one of America\u2019s fastest-growing conservative media companies for breaking news, investigative reporting, sports, podcasts, in-depth analysis, books, and entertainment for a reason: because we believe in what we do. We believe in our country, in the value of truth and the freedom to speak it, and in the right to challenge tyranny wherever we see it. Believe the same? <a class=\"in-cell-link\" href=\"https:\/\/www.dailywire.com\/subscribe\" target=\"_blank\" rel=\"noopener\">Become a member now and join our mission.<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Entrepreneur Elon Musk set the internet ablaze on Sunday night after Twitter, which he recently became the largest shareholder of, announced that he had declined their offer to join the<\/p>\n","protected":false},"author":102,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1428130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1428130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/102"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1428130"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1428130\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1428130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1428130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1428130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}