Editor’s note: Veteran Raleigh-based tech attorney Jim Verdonik, founder of Fire Pit Cell which is dedicated to exploring Freedom issues, and co-founder of Innovate Capital Law, discusses Elon Musk’s Blitzkrieg campaign against Twitter. Verdonik has been actively involved over more than two decades in helping Triangle companies go public or be sold.
RALEIGH – Elon Musk moves fast. More like his space rockets than his cars.
Musk accomplished a lightning-fast knockout with this deal.
It didn’t take long. Did it?
- April 4th – Musk ownership of 9.2% of Twitter becomes public
- April 5th – Twitter announces offer to have Musk join Twitter Board of Directors
- April 10th – Musk rejects Twitter Board seat
- April 14th – Musk makes $43 Billion cash buyout offer
- April 15th- Twitter Board rejects buyout offer
- April 15th – Twitter Board announces Poison Pill Plan to ward off Musk
- April 21st – Musk announces he has raised the money to buy Twitter
- April 25th- Twitter and Musk announce buyout offer acceptance
Faster than Julius Caesar conquering Gaul, Musk came. He saw. He conquered.
Of course, none of this was a surprise to readers of WRAL TechWire.
It was clear from the start that Musk had Twitter backed into a corner and it couldn’t escape. See my prior three articles.
- Why Twitter was the Target:
- Free Speech Implications:
- Why Twitter’s Poison Pill Would Not Work
I must admit it. I really love being right, especially when it comes to Free Speech.
One might be tempted to celebrate a victory for Free Speech, but Free Speech is always in danger from Government bureaucrats and their allies. Freedom is just too messy for our elites who know what’s best for everyone. I wish I was so smart.
A case in point is the European Union’s recent announcement that it s cracking down further on Free Speech. See WRAL Techwire article.
Of course, Free Speech has never been very popular in Europe. It’s kind of an American thing.
One of many reasons my grandparents left Europe.