DeSantis Indicates Florida Will Take Action Against Twitter

JD Lasica from Pleasanton, CA, US, CC BY 2.0 , via Wikimedia Commons

Florida is on Elon Musk’s side in the great Twitter debate and is ready to do something about it. Florida Gov. Ron DeSantis indicated Florida will take action against Twitter’s board of directors for “breaching their fiduciary duty” by trying to stop Elon Musk’s $43 billion hostile takeover bid.

Governor DeSantis made the eyebrow-raising statement during a press conference and noted that the state’s pension system holds shares of Twitter. Musk’s offer of $54.20 per share was roughly $10 above the social media giant’s stock price at the time, which the Governor said represented a “massive return” for shareholders.

The Daily Wire reports:

“I mean, most people and their investment vehicles are not making 20% in a year,” DeSantis said. “They rejected it because they know they can’t control Elon Musk.”

He added, “They know that he will not accept the narrative and that their little play toy of Twitter, it would not be used to enforce orthodoxy, and to basically prop up the regime and these failed legacy media outlets.”

DeSantis, while not getting into specifics, said he would direct state finance officials to begin looking at ways to hold Twitter’s board accountable based on Florida’s Twitter holdings. He said the pension system has not seen large gains and Floridians can’t afford to miss out on a strong return on public investment.

“It’s been pretty stagnant for many, many years,” DeSantis said. “To me, I think that’s probably an injury to the fund, so we’re gonna be looking at ways that the state of Florida, potentially, can be holding this Twitter board of directors accountable for breaching their fiduciary duty.”



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tzwksq
tzwksq
2 months ago

BA-BAM! … and DeSantis throws an upper cut! God I love that Gov! …

Patriot (this we'll defend)
Patriot (this we'll defend)
2 months ago

DeSantis has got more balls then any of those weak kneed republicans in washington! We the people are 100% behind u Governor!

Duane
2 months ago

Cool. Really sharp and intelligent individual. Woke is just as dumb as a fence post.

SunshineKid
SunshineKid
2 months ago
Reply to  Duane

No, a fence post has more intelligence than the Woke idiots.

SunshineKid
SunshineKid
2 months ago

Most interesting!!!!

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