17 Comments
User's avatar
norstadt's avatar

Maybe you're right, but rejecting Musk's offer would help expose BlackRock etc. as asset mis-managers.

Expand full comment
Truth Is Like Gravity's avatar

Yes, I think this is theater at a giga-dollar level, but to what end I can’t see.

Expand full comment
norstadt's avatar

We can certainly enjoy watching the progressive employees of Twitter align with Saudi Arabia. https://www.thegatewaypundit.com/2022/04/breaking-saudi-owners-twitter-decline-musks-offer-twitter-stock-tumbling/

Expand full comment
Jestre's avatar

Progressives love Saudi Arabia for some reason.

Expand full comment
Rikard's avatar

That reason being they are authoritarians at heart: they a very deep-seated unconscious love of strength. Few things project strenght on the instictual level we are talking about, as a male-dominated (formally so even) society run top-down (autocratic) and with a clergy keeping the rules of society firmly in hand.

A Führer the vision of which guides the secular arm, and a moralistic clergy upholding the mores and values and traditions, deciding post facto and ad hoc what is or isn't allowed according to scripture.

Now tell me that does not sound like the woke's wet dream?

Expand full comment
Richard Seager's avatar

I guess it's not theater for us.

Expand full comment
Rascal Nick Of's avatar

I tend to agree. It almost seems like a publicity stunt. The Left never let’s go of their institutions once they bury their claws in. That doesn’t mean it’s actually worth more than what musk is will to pay though.

Expand full comment
Jestre's avatar

If I expected dividends from it... Like ever. I would say its not worth anywhere near what Musk is offering. But if I was a Bond villian wanting to regulate free speech it's worth way more.

Expand full comment
Martha's avatar

Per NCMom on Greenwald's Substack:

"If the board rejects the offer, the institutional groups better get their checkbooks ready because they are the deep pockets to sue. One of the largest shareholder class action lawsuits awaits Twitter, the board, Blackrock, State Street, Vanguard if it goes that way - ar least for a company with such little market capitalization. The securities lawyers must be salivating."

You see no danger of lawsuits?

Expand full comment
Jestre's avatar

Hard no on the danger of lawsuits. Lawsuits would be insubstantial (we are talking about lawsuits weighed against the power to control information) and likely frivolous. Not to mention there are many ways to defend against a hostile takeover....

Expand full comment
User's avatar
Comment deleted
Apr 14, 2022
Comment deleted
Expand full comment
Jestre's avatar

But what is the precedent and how does it apply here?

Expand full comment
Snork's avatar

I don’t think it will happen either. But Elon could sell his shares and make a killing and start his own?

Expand full comment
Jestre's avatar

I would be ok with that scenario

Expand full comment
Florian's avatar

Vanguard and Blackrock are invested with their index etfs.

Expand full comment
Richard Seager's avatar

Also the connections of Twitter into the security state. I doubt they'll approve either.

Expand full comment
Truth Is Like Gravity's avatar

If Elon’s offer is more gesture than business plan, is his purpose something like anti-woke virtue signaling? What does he gain? He’s a master of timing; how does this relate to upcoming Musk launches?

Expand full comment
Andrew Blair's avatar

As usual, Jestre, you’re absolutely incisive on this.

Expand full comment