My mother used to advise, “If you have nothing kind to say, then say nothing.” Well, unfortunately if I heeded that advice today, Filosofa’s Word would not exist. The world today is not conducive to kind thoughts and words. In fact, were I to heed her advice, I might just as well have my vocal cords removed, for I doubt I would ever speak again. Okay, okay … perhaps I exaggerate a bit, for I am capable of the occasional kind word, but more often than not I find what I have to say is less than kind. Especially when the topic is … certain people.
Today, it is none other than Elon Musk who is stirring my ire, raising my hackles, and making me grrrrrrrrowl.
Earlier this week I mentioned in a post that Musk had paid $2.64 billion to purchase 9.2% of Twitter stock. There was much speculation that he intended to assume a seat on the Board of Directors with the intention of overriding the former guy’s lifetime ban from Twitter. But then, he turned down the seat on the Board, which left people scratching their heads. It was, however, suggested that, since members of the Board are limited to owning no more than 14.9% of the stock, Musk could not have become a majority shareholder if he accepted the seat on the Board. Well, folks, it seems that was his goal after all …
Yesterday, it was announced that Musk had offered to buy every remaining share of Twitter for a price of $54.20 per share, or a total cost of roughly $43 billion, which would effectively make him the sole owner of what is currently the most widely-used social media outlet. This is what’s known as a ‘hostile takeover bid’ and make no mistake … his intent is hostile. Twitter has kept the newslines hot today as Twitter executives and employees try to decide what to do. On the one hand, if Musk’s offer is rejected, he threatens to “reconsider [his] position as a shareholder.” On the other hand, if the current owners bend under the pressure and agree to sell the entire company to Musk, Twitter may find it loses a huge chunk of its followers. I, for one, will close my Twitter account forever if Elon Musk takes over, and I know of many others who will also. In fact, that has been the biggest topic of conversation on Twitter today.
So, why does Musk want to own all of Twitter? He claims it is to create a “platform for free speech around the globe.” Bullshit. His intent is more likely to create a safe haven for the likes of Donald Trump, Madison Cawthorn, Vladimir Putin, and others while free speech for the average person would be trampled. It would, no doubt, become the world’s largest outlet of lies, conspiracy theories, and disinformation. No doubt QAnon, the Proud Boys, Oathkeepers and others would be applauding. Ol’ Margie Green and her crew of clowns would be dancing naked in the streets!
Now, I have two problems with Mr. Musk’s actions. First, of course, is that while Twitter isn’t perfect, it is a free and open forum that most of us use at one time or another for one reason or another. We can discuss, disagree, agree, empathise, etc., without fear of retaliation. It is already a free speech venue – I don’t want Trump back on Twitter … it is much more pleasant there without him! Musk, like Trump, is a bully – he has bullied many people on his Twitter feed and cares not what he says.
But more important is my second reason for being dead set against Musk’s takeover – money … or rather, what money can do for people in need. Elon Musk is uber-wealthy and has wasted more money in the past year than most of us will ever see in a lifetime. Paying $2.64 billion to buy 9.2% of Twitter stock was disgusting … sickening. Now to be willing to pay an additional $43 billion to own the platform makes my blood boil. I’ve put together some quick & dirty numbers (chart below) … the amount of his total potential investment would be $45.6 billion, or enough to feed 26 million children for one year, or 1.4 million for the entire 18 years of their youth, from cradle to college!!! How many lives could be not only enriched, but saved, if only Elon Musk had a heart instead of a toxic black hole inside his chest.
There is a reason that I am dead-set against anybody having excessive wealth and Elon Musk is the personification of that reason. He does not use one single dime of his wealth to help people, the environment, wildlife, or any of the other causes that have such great needs today. Instead, he plays dangerous games that increase his own wealth and power while putting the rest of the nation, the world, in jeopardy.