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Bloomberg TechnologyĪ short time later, Musk backed out of the agreement and announced that he was mounting a $44 billion hostile takeover.ĭorsey has endorsed Musk’s acquisition, saying that he agrees with the Tesla boss’s vision of enabling greater freedom of expression on the site.
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Jason Goldman, a former Twitter board member and co-founder, said Jack Dorsey urged Musk to buy the firm and take it private. Goldman made the comments a day before Twitter, whose board accepted the Tesla CEO’s buyout offer at $54.20 a share, held its annual shareholder meeting on Wednesday. “The most important answer can assert is that there’s no such thing as the deal being on hold,” Goldman said. Analysts believe that Musk is simply looking for a way to renegotiate the purchase price, particularly after Twitter stock plummeted in recent weeks. Twitter has stated its intention to enforce the agreement despite Musk’s misgivings. Last month, Twitter’s board accepted Elon Musk’s buyout offer of $54.20 a share. Musk tweeted that the deal was “on hold” due to purported concerns about the prevalence of “spam” and “bot” accounts. Goldman told Bloomberg that Twitter shareholders want Musk to adhere to the terms of the $54.20-a-share tender offer. “That to me is just a clear backstabbing of the board by the founder when they had a deal in hand to come to a standstill,” Goldman said. Goldman said Dorsey’s comments suggest that he was the one who urged Musk to take over the company entirely and take it private. Musk had asked Twitter’s board to convene a meeting, during which Dorsey “shared his personal view that Twitter would be able to better focus on execution as a private company,” according to an SEC filing.įormer Twitter CEO Jack Dorsey was accused of “backstabbing” the company’s board of directors. Goldman, who was Twitter’s vice president of product, told Bloomberg that the company’s chairman, Bret Taylor, and CEO Parag Agrawal struck a deal with Musk to bring him on as a director in exchange for his agreeing not to buy up more shares.Īn SEC filing submitted days later revealed that Musk owned a 9.2% stake in Twitter - which at the time was equivalent to 73.4 million shares, the most of any shareholder. Jason Goldman, a former member of the board who was part of Twitter’s founding team more than a decade ago, told Bloomberg News that he believes Dorsey encouraged Musk to buy the company outright after Musk had initially been in talks to merely join the board. Why Elon Musk welcomes a US recession: ‘Bankruptcies need to happen’įormer Twitter CEO Jack Dorsey served the company on a platter to Elon Musk by “backstabbing” the company’s board of directors, one of the social media giant’s co-founders alleged. SEC probing Elon Musk’s Twitter stake purchaseĮlon Musk trolls AOC on Twitter over her Tesla Check out the latest issue of Metrosource available on newsstands or visit Metrosource.Musk ally Egon Durban keeps Twitter board seat despite shareholder vote On this episode, we chat with Randy and Fenton about the early days of World of Wonder, the evolution of drag, the reality of reality TV, the power of social media, breaking into Hollywood, their special relationship with RuPaul, DragCon, and their message to their fans for Pride…with host Alexander Rodriguez.
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What started out as a dream with barely any money to buy a fax machine has turned into a global conglomerate with award-winning TV shows, web series, live events, podcasts, films, and documentaries that have bridged the gap between LGBTQ+ and mainstream programming. The team celebrates 30-plus years since they founded the multi-media empire that is World of Wonder, responsible for some of our community’s most trailblazing queer content, giving voice to underrepresented artists, icons, and activists. This dynamic duo, along with their award-winning team, have not only made RuPaul’s Drag Race a mainstream success but have been designated by Variety for having the biggest impact in reality TV. Randy Barbato and Fenton Bailey are superheroes of reality TV.