By Dr. Rich Swier
Bloomberg’s Nathan Crooks reported:
“Why would you reject the 20% premium?” DeSantis said Tuesday at a press conference, accusing the company of censorship. “I don’t think that was a rejection based on financial concerns or business judgment. They rejected it because they know they can’t control Elon Musk. They know that he will not accept the narrative.”
Watch Governor DeSantis explain how the Sunshine state will hold Titter’s Board of Directors accountable:
DeSantis announces that Florida is going to look at ways to hold Twitter’s board of directors accountable for breaching its fiduciary duties to the state, which is a shareholder of Twitter stock. pic.twitter.com/DpKdMrHUkr
— Ian Miles Cheong (@stillgray) April 20, 2022
The Governor has a fiduciary responsibility to insure that Florida’s pension fund, and the companies the pension fun has invested in, increase the value of their stock to keep the fund solvent. Twitter’s stock has not performed well and dropped 10% on April 20th, 2022.
|Net profit margin||11.59%|
©Dr. Rich Swier. All rights reserved.
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