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Tumultuous Times for Twitter

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April 8, 2022

Elon Musk – possibly the most creative and successful entrepreneur to ever live – has just engaged in the destruction of the cancel culture pushed by the left with his purchase of 9.2 percent of Twitter.

Musk declares himself to be a free speech absolutist. He demonstrated this by refusing requests to move his Starlink satellites away from Russia to deny Russians access to the internet. He appears to believe his role is to safeguard free speech for everyone – even those with whom he might disagree.

Musk’s newest purchase is in direct response to a Twitter poll he created last month, asking users, “Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?” Seventy percent of over two million respondents answered no, a resounding majority.

The next week, Musk – the richest person on the planet – purchased his majority stake in Twitter.

Elon Musk has consistently criticized Twitter’s leadership and its role in cancel culture. Jack Dorsey – the original founder and CEO – canceled President Trump’s account and smothered any discussion of Hunter Biden’s laptop. That laptop, and the corruption found within, would have made a significant difference in the votes of many people - had it been known at the time of the election. The contents of the laptop are now accepted as fact – too little and too late to prevent the debacle of the Biden-Harris term.

Parag Agrawal, Dorsey’s replacement, declared the need to focus less on free speech and more on how times have changed. He deeply believes the role of Twitter is to determine who should be heard (or not) and direct users’ attention accordingly. Agrawal is clearly antagonistic toward conservative viewpoints and uses the Twitter platform to censor free speech. Musk compared Agrawal to Joseph Stalin.

Elon Musk has been made a board member of Twitter which limits his ability to purchase more than 14.9 percent of the company. This was done to limit the power he can exercise. Nevertheless, Musk started another Twitter poll asking if users want an edit button so Tweets can be modified after they are posted. Twitter has adamantly opposed an edit button, under a convoluted assumption that if Tweets can be modified, they will be used to deceive. Tweets are pouring into Musk’s account begging him to reinstate canceled accounts – especially President Trump’s. As a board member and the largest single shareholder, Musk has the ability to influence Twitter operations.

Musk’s Twitter feed provides an unfiltered look into the mind of an eccentric genius. Tweeting as much as 30 times a day about a variety of topics, Musk’s tweets have had dramatic effects. The SEC forced him to step down as Chairman of Tesla because one tweet discussing his thoughts about selling stock caused a huge drop in Tesla share prices. As with much of Musk’s activities, rumors are flying that rather than start his own social media platform, his ultimate goal is to simply take over Twitter. Plunking down $3 billion seems to be a pretty good start.

Within days of Musk’s purchase being made public, Twitter stock prices jumped 27 percent.  and at least 30 employees quit. Musk filed a Schedule 13G to declare himself an owner of more than five percent of the company. Schedule 13G is usually reserved for those who have no intention of being involved with the operations of a company. In the space provided to declare that he would not be involved, Musk wrote “Not Applicable.” Clearly, he has plans. -30-

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