Elon Musk has been a hero for conservatives around the country in the last week, following his decision to purchase Twitter and restore popular conservative voices on the network. Musk has also grown in popularity as a result of his attacks on mainstream leftist people and institutions such as NBC, Alexandria Ocasio-Cortez, and Twitter CEO Parag Agrawal.
Musk is likely to become an even greater Republican hero, as he has declared that he is going after George Soros and other Democratic political donors. Musk’s comments against Soros came as leftist groups demanded a Twitter boycott from big American companies such as Coca-Cola, Disney, and Kraft Foods.
George Soros funds a large number of these leftist organizations. “Who finances these organizations that wish to limit your access to the information?” Musk tweeted in response, calling for a thorough inquiry into these organizations. “Let us look into it,” Musk responded. Musk then tweeted an article accusing Soros, Obama, and Clinton aides of being behind the letter: Do you agree with Roe v. Wade or disagree with it?
“Interesting,” Musk said of the piece. I’m curious if folks who sponsor these groups are entirely aware of what they’re doing.” Musk then went after the Open Society Foundations, a George Soros-funded group, and told Soros to message him: Media Matters, Black Lives Matter Global Foundation, and Accountable Tech are among the leftist organizations that signed the letter.
“As major advertisers on Twitter (TWTR), your business risks being identified with a platform fueling hatred, extremism, health misinformation, and conspiracy theories, your ad money may either support Musk’s vanity project or hold him accountable,” the letter reads.
“If Elon Musk comes in and takes away all the brand safety measures, I think Coca-Cola should be entitled to cancel their contract,” said Angelo Carusone, CEO of Media Matters. If Twitter refuses to sign or does not provide those cancellation choices, it will be quite telling.” Twitter issued the following comment in response to the letter: “We have no planned changes to our commitment to brand safety,” but the business “cannot speculate on adjustments Elon Musk may make post-closure.”
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Musk joked that he would phone Soros and ask about his support for the Open-Source Foundation in response to another tweet criticizing Soros. Musk raised $7.14 billion from a group of 18 outside investors, including Oracle co-founder Larry Ellison, investment company Andreessen Horowitz, and Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Al-Saud, according to an SEC filing earlier this week. According to the article, the pitch contained optimistic comments about how much money potential investors would make if Twitter grew under his guidance.
Musk allegedly assured investors that he was confident in his ability to give a return that doubled or tripled their initial investment – and that a five- or ten-fold return was not out of the question. The New York Times reported on details from Musk’s talks with investors, citing persons who were briefed on the discussions. To augment his personal contributions to the Twitter transaction, Musk sought out investors. The Tesla CEO already sold more than $8 billion in stock in the electric vehicle company, though he stated at the time that no future sales were planned.
The total equity commitments from all 18 investors were listed in the SEC filing, including $1 billion from Ellison, $800 million from Sequoia Capitol, and $500 million from cryptocurrency exchange Binance. Musk was reportedly in negotiations with Twitter co-founder Jack Dorsey, who might contribute his own shares in the firm to the takeover proposal, according to the document.
Musk is claimed to have started to potential investors that he could quadruple Twitter’s user base and income by 2025. He also boasted about intentions to attract tens of millions of paying users to the site.
Elon Musk’s decision to take Twitter private, according to Twitter co-founder and ex-CEO Jack Dorsey, would offer much-needed “cover” for the company as it undergoes a crucial upgrade. Dorsey agreed with tech investor Ben Horowitz, co-founder of Andreessen Horowitz, who stated that his company was contributing $400 million to Musk’s $44 billion Twitter purchase.
Throughout his talks with Twitter’s board, Musk insisted that the firm needed to become private in order to fulfill its full potential. “I will attempt to keep as many stockholders in a privatized Twitter as allowed by law,” the billionaire added.
Following Musk’s takeover, Dorsey, who stood down as Twitter’s CEO and board of directors but retained a significant interest in the company, might stay in the mix. Musk’s team said it will continue negotiations with Dorsey about adding his shares to the offer in the same SEC filing revealing the private partners who committed more than $7 billion in funding. “We invested because we believe in the vision of [Twitter co-founders Evan Williams and Jack Dorsey] to link the globe, and we trust in Elon’s intellect to ultimately make it what it was meant to be,” Horowitz continued.