Culture, Economy & Business, Politics

Behind the Twitter Curtain

Elon Musk wasn’t bluffing. On Monday afternoon Musk pulled off a stunning coup that was hard to imagine even six weeks ago by buying out Twitter for a price tag of $45 billion…

Not even two weeks ago, the financial world sneered at Musk’s buyout offer, treating it as a ludicrous longshot. But the world underestimated Musk. Even more importantly, they overestimated his opponents.

The battle between Elon Musk and the Twitter board of directors wasn’t even a contest. Twitter’s board was a feeble collection of tech has-beens, diversity hires, and boring corporate functionaries who didn’t even use the platform whose destiny they control. From this day forward, Twitter will be in far better hands.

First of all, for the first time in a long time, Twitter will finally be under the control of someone with a real stake in its long-term success. Excluding Jack Dorsey, the current board’s ownership totaled barely 0.1% of the company. Read more…

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