Florida Governor Ron DeSantis has hinted his administration will go after Twitter for “breaching their judiciary duty” in the wake of their “poison pill” maneuver to prevent Elon Musk from buying the company.
According tot he Daily Wire, “DeSantis, speaking at a news conference, 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 DeSantis said represented a ‘massive return’ for shareholders.”
“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.”
“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,” he added.
“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,” DW reports.
“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.”
— Daily Wire (@realDailyWire) April 20, 2022