Fiduciary Responsibility?

Supposedly, after Musk renewed his original offer to buy Twitter, Twitter responded with an offer of a lower price.

“Twitter came back and said, hey, we’ll actually knock a couple of billion dollars off the price if you commit to two things,” Bannon said.

1. Trump and other conservatives that were already banned should not be reinstated.

2. The same management team will continue to be employed.

Musk has made it fairly clear that the “management team” and its discriminatory, arbitrary, and capricious moderating policies would have to go under his ownership.

And yet here we have Twitter offering to screw over the stockholders, to whom an poorly informed layman like myself would think Twitter owed a fiduciary responsibility. Just to save their own jobs.

At the expense of those stockholders.

This aspect of the deal doesn’t seem to making news yet. We’ll see. It seems to me that if some “conservative” say, Trump for example, offered to screw stockholders just to keep his own job, that the SEC would open an investigation, and NY publicity whore Attorney General Leticia James would file two or three more lawsuits.

 

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Bear

2A advocate, writer, firearms policy & law analyst, general observer of pre-apocalyptic American life.

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