“Outkick” founder and conservative talk host Clay Travis ridiculed the left’s anxiety over the possibility that Tesla and SpaceX founder and CEO Elon Musk could eventually take country of Twitter, while revealing what he thinks Musk’s objective really is.
“The reason why there is a meltdown and this is very important, is because what Elon musk is trying to do is produce content-neutral policies,” Travis said.
“The sitting President of the United States is banned while the Ayatollah of Iran is able to use the platform. So that you don’t have a situation where the Babylon Bee, a satire site, is locked out of their account while the Taliban is allowed to promote their account in Afghanistan,” he noted.
“It’s inconsistent, it’s arbitrary, and it’s capricious.”
“Think about how crazy this is, where the left-wing blue-checkmark brigade members complaining about the idea of everybody being able to have their voice heard and to hear their opinions as loudly and widely distributed as possible and that to me is the ultimate importance,” Travis continued.
“Look, we got things wrong on COVID in this country. One reason why is because we were stifled in debate on Twitter and certainly if you look at the way the 2020 presidential campaign played out, particularly the New York Post investigation of Hunter Biden, that stifling may well have swung the overall election,” He added.
Musk bought nearly 10 percent of Twitter’s stock earlier this month, and this week made a bid to buy the entire company.
According to Bloomberg News:
The world’s richest person will offer $54.20 per share in cash, representing a 54% premium over the Jan. 28 closing price and a valuation of about $43 billion. The social media company’s shares soared 18% in pre-market trading.
Musk, 50, announced the offer in a filing with the U.S. Securities and Exchange Commission on Thursday, after turning down a potential board seat at the company. The billionaire, who also controls Tesla Inc., first disclosed a stake of about 9% on April 4. Tesla shares fell about 1.5% in pre-market trading on the news.
The platform made a drastic move on Friday to prevent Musk from taking over, per Fox Business:
Twitter’s board of directors has unanimously adopted a limited duration shareholder rights plan following Tesla CEO Elon Musk’s $54.20 per share offer to take the social media giant private.
Under the plan, which is also referred to as a “poison pill”, shareholders’ rights will become exercisable if an entity, person or group acquires beneficial ownership of 15% or more of Twitter’s outstanding common stock in a transaction not approved by the board. In the event that the rights become exercisable, shareholders will be entitled to purchase additional shares of common stock at a discounted rate.
The board noted that the plan “is intended to enable all shareholders to realize the full value of their investment in Twitter” and will “reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments and take actions that are in the best interests of shareholders.”