BREAKING: Elon Musk rips Twitter board, says “their economic interests are simply not aligned with shareholders”

By
Kambree Nelson
-

Moments ago, billionaire Elon Musk ripped the Twitter board.

He tweeted “Wow, with Jack departing, the Twitter board collectively owns almost no shares! Objectively, their economic interests are simply not aligned with shareholders.”

Musk responded to Chris Bakke how wrote:

Elon Musk is in for a bad time.

I’m not sure he’s prepared to take on a couple PhDs, a few MBAs, and a Baroness who use Twitter once a year (to reset their passwords) and collectively own 77 shares of the company.

David Sacks wrote If the game is fair, Elon will buy Twitter. If the game is rigged, there will be some reason why he won’t be able to. We’re about to find out how deep the corruption goes.”

Musk responded “Indeed.”

Another Twitter user wrote The Twitter Board, excluding Jack Dorsey, only owns 0.12% of Twitter. They have not only, behind closed doors, rejected @elonmusk
‘s offer to purchase the company 20% above market value. They have threatened to dilute their shareholder’s stake in the company. Criminal negligence?”

Musk responded “In fairness to the Twitter board, this might be more of a concern about other potential bidders vs just me”

Vivek Ramaswamy tweeted:

Idea for @elonmusk -

Demand Vanguard, BlackRock, State Street, and Morgan Stanley to survey their end-user clients about whether they as shareholders want to accept your offer for Twitter.

My bet: a huge majority will say yes, even though the managers of those firms will say no