The Democrats must be seeing their party’s life flashing before their eyes. The midterm elections were going to be a slaughter anyway, but now that it looks like they can’t censor Republicans on Twitter, they are in heap big trouble. You knew this was coming and Musk has already made big money on his $2.89 billion dollar investment. His profit so far is $751 million dollars after the stock climbed 26% on the news of Musk’s buy.
While it is unclear what Musk’s intentions are, we do know he prefers to own rather than just invest. And by allowing conservatives back on the platform, advertising revenue should soar. Also, I don’t believe the cancel culture scares the richest man on the face of the planet and I further believe if he does take control that censorship is a thing of the past. But, if he doesn’t take over Twitter, it appears that he wants to exert his influence over how the company is run.
Dan Ives of Wedbush Securities said:
“We would expect this passive stake as just the start of broader conversations with the Twitter board/management that could ultimately lead to an active stake and a potential more aggressive ownership role of Twitter.”
Musk has a fortune estimated wealth of $222 billion dollars and Twitter is valued at $30 billion, so he could buy the entire company should he decides he wants to. Musk has two reasons for wanting a change at Twitter. First, he wants Twitter to be a place where free speech is observed and secondly to force them to quit limiting his own free speech.
In early March, Musk asked a federal judge to nullify a subpoena from SEC regulators and throw out a 2018 agreement that required Musk to have a third party prescreen his Tweets before posting them.
The Associated Press reported that Musk’s legal team is arguing that the SEC’s subpoena has “no basis in law” and that the SEC has used the court agreement “to trample on Mr. Musk’s First Amendment rights and to impose prior restraints on his speech.”
The SEC responded in a court motion arguing that it has the legal authority to subpoena Tesla and its leadership over Musk’s tweets.
Musk’s recent purchase of Twitter was celebrated among conservative figures online who have been highly critical of Twitter’s manipulative enforcement of its rules regarding speech.
Now that @ElonMusk is Twitter’s largest shareholder, it’s time to lift the political censorship.
Oh… and BRING BACK TRUMP!
— Lauren Boebert (@laurenboebert) April 4, 2022
Elon Musk and like-minded, free speech supporting billionaires buying a controlling stake in Twitter is the only plausible "market-based" solution to censorship on the platform
— Will Chamberlain (@willchamberlain) April 4, 2022
What if @elonmusk bought 9.2% in Twitter not to fix it, but rather to expose the insane ways the algorithm and activist employees have been manipulating us? (Shadowbans, de-bosting, reading our DM’s, etc.)
Maybe he can find out who at Twitter censored the Hunter Biden story?
— Dave Rubin (@RubinReport) April 4, 2022