Tesla CEO Elon Musk gestures as he arrives to visit the construction site of the future US electric car giant Tesla, on Sept. 3, 2020 in Gruenheide near Berlin. (Photo credit: ODD ANDERSEN/AFP via Getty Images) The Wall Street Journal reported Monday that Twitter’s senior management and Elon Musk have agreed on terms for Musk’s proposed takeover of the social media platform.
Musk had announced on April 21 that he had $46.5 billion lined up — half in cash, half financed by his bankers Morgan Stanley, Barclays, and Bank of America — for a purchase of the company. Musk was offering $54.20 per share for the takeover at a time when Twitter’s stock price was In the midforties. This followed a spending spree that began in early 2022 and resulted in Musk owning more than 9 percent of the company. Musk was soon thereafter offered a seat on the Twitter board.
Yet the board seat, as offered, would also have limited Musk’s ability to acquire more shares, and Musk rejected it. So, now with a takeover offer on the table, Musk has stated he plans to take the publicly traded company private.
The board’s openness to the takeover — a new development over the weekend — signals quite a change of heart. Twitter’s management initially rejected Musk’s offer as a hostile takeover and began looking for ways to prevent the sale. The company even began exploring a so-called poison-pill option. This strategy, also called a shareholder rights plan, is a means of preventing hostile takeovers by stockholders like Musk .
So why did the board change its mind? One reason might be that the opposition to the takeover was ideologically motivated, rather than something seen as in the best interests of the stockholders. The ideological element apparently stems from the fact Musk has […]
Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We just launched a new GiveSendGo page. We also have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!