Twitter Block Musk’s ‘Hostile Takeover’ 😳

So Twitter have made a power move to block Elon Musk's potential acquisition, and they're calling it a hostile takeover. So I'm really excited of the potential of Elon Musk buying Twitter. I'm just gonna say it, I want it to happen. I don't know what you think, let me know in the comments. Do you think it would be good for the world and good for social media if Elon Musk buys Twitter. Now, the board on Twitter have executed what's called the poison pill strategy, which is a way for them to protect against a hostile takeover by limiting the maximum amount of shares that anyone can purchase. And this will last, I believe, around a year. So I don't know if you've been tracking what's going on. Let me know what you think in the comments. But Elon Musk became Twitter's largest shareholder. He got up to just under 10%, and when he did that, I thought, oh, hostile takeover, here it comes. The next thing is He then was going to go on the board of Twitter, and I thought this could be good because I think he would push for certain, for example, freedom of speech moves. He is a freedom of speech purist, and so he proved it when not allowing other governments to restrict information to Russia through his Skynet internet. Skynet, what was it called? Yeah, his satellite internet connection, something like that. Skynet, I think that's RoboCop, isn't it? So, um, but Twitter said that Elon Musk's offer was too low. Uh, Elon Musk said that that's his final offer. Then people started to question, does he really want to buy Twitter? Um, because some of the board members said, well, if he really wanted to buy Twitter, he may have had a better negotiation tactic than to make one low final, um, take-it-or-leave-it offer. He may have left room on the table for negotiation. So, um, this is really fascinating. Here's why. I think if Elon Musk bought Twitter, made it a private company, which he's openly shared he wants to do, and made it a platform for free speech, which he's openly said he wants to do, then finally we may have a social media platform that doesn't ban us, cancel us, deplatform us, shadowban us, and take away our rights of freedom of speech. I think that that could make Twitter's reputation the best social media platform on the planet. Therefore, I think a lot of people would leave other social channels to go and be on Twitter, and therefore other social media channels would have to have more open-minded approaches to freedom of speech and how the algorithms hide, shadow, cancel, deplatform, or push narrative in front of us. So for me, this is a really exciting move. So I was a bit saddened to see that Twitter are trying to block a hostile takeover. I'm not sure if it is a hostile takeover. He's offered to buy the whole company. It's not a hostile takeover, it's just a purchase. But anyway, Twitter's board— let me just tell you, give you the news. Um, hit the share button, by the way, because social media does need to change. It's gone too far. It has too much control. Social media, when it started, we had access to social media for free. We had access to friends and family and connections we couldn't get for free. It enabled us to socialise online. It was obviously really good in the pandemic and lockdown when we're not able to socialise, but it's gone too far now where it controls us too much. The algorithms are probably manipulating us, and we get cancelled or we get censored, and there's certain things we can't say and do. And so therefore good quality content gets blocked by the algorithms and poor extreme soundbite polarizing and controversial content is the only content that works. And I think it needs to change. I think it's gone the other way. Let me know what you think. Matt said everyone has the right to freedom of expression. Exactly. Now it's up to our governments to intervene enough to create laws to protect freedom of speech. But the problem is right now the public big tech companies, the big social media platforms, they have more power than government. They have more money than government. So the government probably aren't intervening as much as they should be. Now, coming from someone who's probably, um, on balance more pro-free market capitalism, you might be surprised to hear me say that, but I think governments need to know when to intervene and when to not intervene. And I don't think they've intervened enough in regulating and controlling and fining and holding to account social media platforms. Yet when it comes to lockdowns and taxation, they're intervening too much. That's my thoughts anyway. So you've got to share this. Look, I do often ask you to share. I rarely plead with you to share, but I really think this should be shared. Because if Twitter could become a free speech platform, I believe the tide can go back the other way, where we can be free to express, where the world and information isn't so polarizing and of conflict. It's like social media is just extreme left or extreme right, and if you don't agree with me, I hate you and I want you canceled. And to a certain degree, that's been created by mainstream media and social media. And that needs to change. In my opinion. And everyone is entitled to my opinion. All right. So Twitter's board has armed itself against a hostile takeover. Elon Musk made a $43 billion offer. They said it was really low and therefore not really in the spirit of open negotiation and therefore they accused him, do you really want to buy Twitter? Um, Twitter's board have adopted a poison pill strategy. It's called limited duration shareholder rights plan, which basically means that for about a year, um, no one can buy more than 15% of Twitter, therefore, um, stopping and vetoing any hostile takeover. The Twitter board detailed its defense plan to the U.S. Securities and Exchange Commission, the SEC, um, and they said it needed to um, because of Mr. Musk's unsolicited, non-binding proposal to acquire Twitter. Um, apparently this poison pill strategy is one of those last lines of defense against a hostile takeover. We call it a nuclear option. So Twitter do feel that Musk is going for a hostile takeover. They feel that the offer is nowhere near high enough for the valuation of Twitter. But let's be honest, Twitter is not a free speech platform. It canceled Donald Trump. It is not a free speech platform. In fact, Elon Musk has openly criticized Twitter on Twitter, then tried to buy Twitter. Um, so yeah, I think that this is a fascinating thing that's going on. Let me know what you think in the comments. Hit the share button. I thought disruption in social media probably was coming, because too many of us are pissed off with cancel culture, deplatforming, censorship, shadow banning. It's just happening far too much now. And mainstream media and big tech have far too much control, and we've given it to them. We've given away our data, we've given them everything on social media so they can go and use it and abuse it. We didn't go in knowing the downsides. You know, people moan about social media and big tech, but, you know, we gave them all of our information. We allowed them to track us and ultimately kind of allowed them to share our data and feed it back onto us. But now we can change that. And I always thought the disruption in social media and big tech would be a disruptive startup that would stand for free speech, like Donald Trump's Truth or Rumble. But to be honest, them coming in and fighting against almost trillion-dollar companies, they're just never going to win. But then when Elon Musk, you know, mooted that he might buy Twitter, bought a big stake, was maybe going to go on the board, having a little pop at them, wanting— being a big purist of free speech, then making an offer to buy Twitter, I thought, that's it. That's how it changes. Social media changes by someone acquiring and privatizing one of the existing social media channels and then changing its policies and making it free speech and then pulling everyone over. So a lot of people have said here that Twitter is where a lot of the trolls hang out. Look what Twitter has become. It is, to a certain degree, a bit of a dirty, hateful platform. I imagine that would change if Elon Musk took it over. Would you all who've left Twitter go back to Twitter if Elon Musk acquired Twitter? Let me know in the comments. But this could be the change we all want to see. It just takes one big tech social platform to be more private rather than public, and more free speech rather than, rather than too much algorithmic intervention and control, and the others will have to follow suit. Because it's absolutely clear to me All of you who comment on my videos, some of them get millions of views. You're all pissed off with cancel culture. Well, it seems you all are. You're all pissed off with people being banned and deplatformed. And many of you, you wrote the word COVID or you said the word vaccine in a video on YouTube or Facebook and you got banned. And you got banned out of context. And then there's no customer service. You can't like speak to someone and have them help you and coach you and guide you. No, no, you just get blocked and banned by robots. I got a 7-day ban on YouTube by a robot because a guest of mine said COVID has been hard for small business. That's all he said. COVID has been hard for small business. That's a fact. And a robot banned us, you know, a bot banned us on Twitter for a week. That's completely wrong. It frickin' ruined my YouTube channel. Hundreds of thousands of people want my content. It's wrong. You should be able to speak freely. And that means if you disagree with me, you should be allowed to do that. I don't delete or, you know, hide or block comments on my social media at all unless someone, you know, is trolling, abusing, or defamation. Otherwise, it all stays, and it has to be like that. That's why I fought for Joe Rogan's freedom of speech. That's why millions of people watched those views and videos and shared those. Because if we don't fight for other people's freedom of speech, we lose our own. But it's easy to only think about fighting for it when it affects us. So I'm fighting for Elon Musk acquiring Twitter, and let's see him put his money where his mouth is. So I think Elon Musk seems to be pretty truthful, but he says he's a free speech purist. Let's see him prove it. Now, I think he did prove it when his internet— I called it Skynet, that was Terminator, wasn't it? But, you know, when his satellite internet he gave to Ukraine, and then governments, according to him, governments were trying to get him to use it to essentially use it as a weapon against Russia. He said he's not going to do it because he's a free speech purist. So now if he can acquire Twitter, we can really see if he's a free speech purist. I believe he is, and I believe some privatization of big tech social media, or at least where free speech is the primary goal and aim, I think the world needs it right now. I think the time is now. And I think this could be huge. So come on, Elon. Come on, Elon. Get— make a fair offer. Make them an offer they can't refuse. I'll back you. I'll do a crowdfunding campaign. I could— all right, I can't come up with 70 bill. I could come up with a few mil. I'm in. Let me know what you think. Hit the share button because this is really important. Because this is a little window of opportunity. Where maybe free speech starts to fight back. And we must fight for free speech. Quick summary then: Twitter is blocking a hostile takeover. They have executed what's called a limited duration shareholder rights plan. It's known as a poison pill, which means that no individual shareholder can have more than 15% for 12 months, I think, roughly. And it stops a hostile takeover. They believe that Musk's offer is too low. They believe if he really wanted to buy the company, he should have been more open to negotiation. They value it more at $70 a share. He values it at— I think his offer was $45, $50, $55 a share. So they're quite far apart. This will be interesting to see what plays out. Come on, Elon, we got your back. Elon, you can come on the Disruptors and we'll do a crowdfunding campaign. We'll get that next $20 billion you need. Thanks for tuning in. Hit the share button. And remember, if you don't risk anything, you risk everything. Let me know what you think is really going on, what you think needs to happen in social media and big tech and free speech. Let me know in the, in the comments below.