Twitter board approves proposed $44B sale of platform to Elon Musk
CBSSep 09, 2022
Twitter Board Unanimously Endorses Musk Takeover Bid
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Image copyright: AFP Getty Images [via The Daily Wire]
The Facts
Twitter's board has unanimously recommended that shareholders approve of SpaceX and Tesla CEO Elon Musk's $44B purchase of the company, according to an SEC filing.
Musk told Twitter employees he plans to move forward with the purchase during a virtual interview at the Qatar Economic Forum last week.
The Spin
Left narrative
There are things more important than money, and a Musk takeover would not make things better at Twitter. Musk is hypocritical when it comes to free speech. For example, just this month he fired SpaceX employees that criticized him in an open letter.
Right narrative
Left-leaning politicians and activists have had their knives out ever since Musk announced his plans to take over Twitter because they're afraid of free speech. Wisely, the Twitter board isn't caving to pressure because it knows this is probably the best deal it'll ever get.
Cynical narrative
If Musk wanted to, he could count all the "fake" accounts on his own through machine learning and monitoring. It seems as if Musk is using his suspicions over fake accounts because he wants to scare Twitter stockholders into approving the deal at a lower price, not because he's legitimately concerned about transparency or trolling.
