Battle for free speech

Beverly Hills CA

Description

Twitter’s board of directors gathered this week to sign what sounds like a suicide pact. They unanimously voted to swallow a “poison pill” to lower the value of shares, rather than allow billionaire Elon Musk to buy the company. Twitter and many liberals are apoplectic over Musk’s call for FREE SPEECH on the site. -- Liberals can't handle free speech, apparently. Company boards have a fiduciary duty to do what is best for shareholders. -- Twitter has long done the opposite. It has virtually written off many conservatives — and a large portion of its market — with years of arbitrary censorship of non-liberal views on subjects like gender identity to global warming, election fraud and the pandemic. Most recently, Twitter suspended a group, LibsofTikTok, for “hateful conduct.” What was the 'hateful conduct'? Reposting what liberals have said about themselves. The company seemingly has written off free speech, too. Twitter CEO Parag Agrawal was asked how Twitter would balance its efforts to combat misinformation with wanting to “protect free speech as a core value” and to respect the First Amendment. He responded dismissively that the company is “NOT to be bound by the First Amendment”. They will 'regulate content' as “reflective of things that we believe lead to a healthier public conversation.” Agrawal said. He went on to say the company would “focus less on thinking about free speech -- our role is particularly controlling who can be HEARD.” ARE YOU GETTING THIS ???? CENSORSHIP is not a big hit with most consumers, particularly from a communications or social media company. The actions of Twitter’s management have led to roller-coaster share values. While Twitter once reached a high of about $73 a share, it is currently around $45. Musk was offering $54.20 a share, WHICH WOULD BE A HUGE PROFIT FOR SHAREHOLDERS Another problem is that Twitter had previously sought a private buyer under former CEO Jack Dorsey. If Musk increases his bid closer to $60, the board could face liability in putting its (woke) interests ahead of the company’s shareholders. Musk says that the company’s potential has been constrained by its 'woke' management. For social media companies, free speech is not only ethically but economically beneficial. Twitter's 'censorship business model' only works if you have an effective monopoly in which customers have no other choice. The censorship of free speech works great for Communist dictatorships, but not so well in a free country like America.