Brian Cates:

The staff is going to insist the board turn Musk’s offer down.

They see themselves as the tip of the spear in the culture war.

They actually want to expand all the censorship they’ve been doing, exert more control over the flow information and dialogue on the platform.

They’ll threaten a mass walkout if the board takes the offer. Many of them will refuse to work for Elon Musk as he changes the censorship regime they’ve put a lot of effort into building.

But if the board doesn’t take the offer?

Elon dumps his stock and destroys Twitter.

So it’s a hostile takeover or obliteration.

I like these choices.

[starts popping 🍿]

Cognitive Carbon:

I saw this coming. When the tussle happened over Elon joining the board as the largest minority shareholder, the pushback from Parag was something along the lines of "well, we'd welcome you the board, surely! Hehe. But, see...there's this fiduciary responsibility thing, don't you know, where as a board member you can't Tweet things that 'harm' the company and reduce shareholder value. So...you're welcome to join the board! On our terms! "

The rest was a foregone conclusion. If he tenders an offer above market (which he did) and they turn it down, it is their breech of fiduciary responsibility that now comes into play. They cannot turn it down. They must accept, or find a better offer (which they won't get.) So he buys the whole thing, and then fires the board and all the officers.

Checkmate

As the CEO and majority shareholder of a then-privately held Twitter, do you know what stops Elon from merging it with DWAC? If you said "nothing"...you'd be close to right.