{"id":1439047,"date":"2022-04-14T19:59:35","date_gmt":"2022-04-14T23:59:35","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1439047"},"modified":"2022-04-14T19:59:41","modified_gmt":"2022-04-14T23:59:41","slug":"musk-blasts-twitter-amid-reports-they-may-reject-his-offer-posts-goldman-sachs-rating-for-company","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/musk-blasts-twitter-amid-reports-they-may-reject-his-offer-posts-goldman-sachs-rating-for-company\/","title":{"rendered":"Musk Blasts Twitter Amid Reports They May Reject His Offer, Posts Goldman Sachs\u2019 Rating For Company"},"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%2Fmusk-blasts-twitter-amid-reports-they-may-reject-his-offer-posts-goldman-sachs-rating-for-company%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=1439047&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\/ElonMusk-scaled.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>Elon Musk slammed Twitter on Thursday afternoon amid reports that it may block his attempt to buy the company after he offered to purchase the company outright for more than $43 billion.<\/p>\n<p>Twitter\u2019s board of \u201cdirectors are weighing whether to move ahead with the poison pill \u2014 formally called a shareholder rights plan \u2014 that would limit the ability of a single shareholder, like Mr. Musk, to acquire a critical mass of shares in the open market and force the company into a sale,\u201d The New York Times <a href=\"https:\/\/www.nytimes.com\/live\/2022\/04\/14\/business\/elon-musk-twitter\">reported<\/a>. The poison pill tactic of warding off unwanted hostile takeovers \u201cessentially lets the company flood the market with new shares or allow existing shareholders other than the potential acquirer to buy shares at a discount,\u201d which \u201cdilutes the bidder\u2019s stake and makes buying shares more expensive.\u201d<\/p>\n<p>Musk said during an interview on Thursday that he wanted to buy Twitter because his \u201cstrong intuitive sense is that having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization.\u201d<\/p>\n<p>\u201cI don\u2019t care about the economics at all,\u201d Musk added.<\/p>\n<p>Musk then took to Twitter to conduct a poll, asking if taking the company private at $54.20 per share should be up to the shareholders and not the board, to which 84% of more than 1.3 million respondents answered, \u201cyes.\u201d<\/p>\n<p>Musk then responded to a question from Nick Short, Communications Director for the Claremont Institute, who asked on Twitter, \u201cIf the board of directors at @Twitter reject the offer made by @elonmusk , then wouldn\u2019t the board be acting in direct opposition to the financial interests of their shareholders?\u201d<\/p>\n<p>\u201cAbsolutely,\u201d Musk responded. \u201cIt would be utterly indefensible not to put this offer to a shareholder vote. They own the company, not the board of directors.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Absolutely. It would be utterly indefensible not to put this offer to a shareholder vote. They own the company, not the board of directors.<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1514686582745284651?ref_src=twsrc%5Etfw\">April 14, 2022<\/a><\/p>\n<\/blockquote>\n<p>Musk then responded to a comment from entrepreneur Cameron Winklevoss about Twitter potentially using a poison pill to block Musk from taking over the company.<\/p>\n<p>\u201cTwitter is considering a poison pill to thwart @elonmusk \u2018s offer,\u201d Winklevoss wrote. \u201cThey would rather self-immolate than give up their censorship programs. This shows you how deeply committed they are to Orwellian control of the narratives and global discourse. Scary.\u201d<\/p>\n<p>\u201cIf the current Twitter board takes actions contrary to shareholder interests, they would be breaching their fiduciary duty,\u201d Musk responded. \u201cThe liability they would thereby assume would be titanic in scale.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">If the current Twitter board takes actions contrary to shareholder interests, they would be breaching their fiduciary duty. <\/p>\n<p>The liability they would thereby assume would be titanic in scale.<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1514718700674306052?ref_src=twsrc%5Etfw\">April 14, 2022<\/a><\/p>\n<\/blockquote>\n<p>Musk also posted a screenshot of Goldman Sachs\u2019 Equity Research rating for Twitter, which stated that the company was a \u201cSell\u201d stock as it was falling behind performance forecasts.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"und\" dir=\"ltr\">\ud83e\udd14 <a href=\"https:\/\/t.co\/PfqYpLiuVd\">pic.twitter.com\/PfqYpLiuVd<\/a><\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1514726980909948928?ref_src=twsrc%5Etfw\">April 14, 2022<\/a><\/p>\n<\/blockquote>\n<p><strong>Related:<\/strong><\/p>\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>Elon Musk slammed Twitter on Thursday afternoon amid reports that it may block his attempt to buy the company after he offered to purchase the company outright for more than<\/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-1439047","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\/1439047","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=1439047"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1439047\/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=1439047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1439047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1439047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}