UPDATED 7:26 AM PT – Monday, April 18 2022
Tesla CEO Elon Musk says the economic interests of Twitter’s board of directors and shareholders are out-of-line. In a series of tweets, Musk suggested his fight with Twitter executives may be a ploy to ward off a larger clash with Musk and another potential bidder.
Wow, with Jack departing, the Twitter board collectively owns almost no shares! Objectively, their economic interests are simply not aligned with shareholders.
— Elon Musk (@elonmusk) April 16, 2022
This was in response to a tweet stressing Musk would be fighting with a gang of highly educated board members over who gets to own the company. He pointed out that all board members, excluding the company’s departing founder Jack Dorsey, own less than 1 percent of Twitter.
This comes as the media has long sought to deter Musk from buying the social media giant. One America’s Daniel Baldwin has more.