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Twitter Board of Directors Own Almost No Shares of Stock in Company, Elon Musk Notes "their economic interests are simply not aligned with shareholders"
[Last Refuge]
Twitter is not making a decision to decline the generous offer by Elon Musk because of stewardship or fiduciary responsibility to shareholders. The financials of Twitter as a non-viable business model highlight the issue of money being irrelevant. Twitter does not and cannot make money. Growing Twitter only means growing an expense. Growing Twitter does not grow revenue enough to offset the increase in expense. There is only one way for Twitter to exist as a viable entity, people are now starting to realize this. What matters to the people behind Twitter, the people who are subsidizing the ability of Twitter to exist, is control over the global conversation. Control of the conversation is priceless to the people who provide the backbone for Twitter. Once people realize who is subsidizing Twitter, everything changes. That’s the fight. Posted by: Frank G 2022-04-17 |
| http://www.rantburg.com/poparticle.php?ID=630630 |