Musk opt out of Twitter board seat?

 Washington Examiner:

...

Musk has been openly critical of Twitter’s controversial handling of speech on its platform, and the initial massive stock purchase was praised by many free-speech activists who see Twitter as engaging in forms of censorship.

Mark Weinstein, founder of social media service MeWe and expert in privacy and free speech, told the Washington Examiner that Musk getting offered the board seat and then turning it down allows Musk to be much more critical about Twitter without concern about being a “nice guy” with the board members.

“I think he assessed his strategy and his strategic approach to helping Twitter change, and it’s almost like mandating change at Twitter — his ability to mandate versus his ability to suggest,” Weinstein said.

Joining the board would have limited Musk's ability to purchase more stock.

Aron Solomon, the chief legal analyst for Esquire Digital, said that Musk’s decision to abstain from the board “makes so much more sense” given the fact that he would have to limit his control of the company to just 14.9%, according to the agreement. Solomon, who noted that he isn’t the biggest Musk fan, did say Musk’s decision was a “brilliant strategic move.”

If Musk’s endgame is to own enough stock, more than 50%, to have a controlling interest in the company, then joining the board would be a terrible idea.

...

It looks like a smart move if his goal is to increase free speech and get greater control over the censorship geeks at Twitter. Their censorship of the NY Post story on the Biden corruption was one of the most disastrous moves in history.  I think it was indefensible.

See, also:

Elon Musk's Twitter Strategy May be About Countering the ESG Political Movement Infecting Corporations Says Expert

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