I JUST Went on Primetime TV about Elon Musk & Twitter

it's just really important that people

have the both the reality and the

perception

that they are able to speak freely

within the bounds of the law

well that was Elon Musk this afternoon

at a TED Talk following his offer to buy

Twitter in an all-cash deal worth over

40 billion dollars in his letter to

Twitter's chairman of the board must

stated that since making his initial

investment in Twitter he has realized

that the company will neither Thrive nor

serve as a platform for free speech in

its current form and that Twitter needs

to be transformed as a private company

of course the offer comes just days

after Elon declined the invitation to

join Twitter's board so where does this

all lead and will Twitter accept we're

waiting to find out joining us now to

discuss all this and break it down is

YouTube sensation meet Kevin Kevin

welcome back to the show I'm excited to

get your intake on this because this is

a pretty generous offer from Elon up

from market value here do you think the

board will decline it

I think they have to decline it but I

think they should counter offer look I'm

from the real estate industry we all

know that deals are never best and final

even though Elon said that send a

counter but don't say no and I think

this is a great thing for society in

fact I wanted to thank you because the

last time I was on your show we talked

about dwac and we supported Free Speech

then I was worried about its valuation

down about 48 since then but I'm worried

now more that if we don't restore free

speech to Twitter Facebook countries

like China will end up crushing our

democracy

so so I Twitter closed today at about 45

dollars and 18 cents which is about a

point and a half down Elon tweeted out a

poll earlier today that it said taking

Twitter private at 54.20 should be up to

the shareholders not the board I I'm a

little out of my element here so this is

what I'd understand does the board have

the ultimate say or to the shareholders

because it seems to me on its face

that's a pretty good deal

it does yeah it's a great deal for the

shareholders but the executives and

board members don't want to lose their

jobs they don't want to lose their stock

options and their stock based

compensation they also don't want

everyone at Twitter to get fired so they

have to balance the employees and their

pay and shareholder needs and that's

what they're debating now the biggest

thing they're probably baiting is what's

known as a poison pill and the best way

to think about this is sort of like if

you're a spy and you get captured and

Russia say you might take a pill so that

you can't get captured right it's very

similar in companies what you could do

is you could create a stock plan so that

potentially you give certain members

substantially more voting power than

others like maybe the existing CEO has a

thousand times uh the votes that a

normal shareholder might or whatever

usually shareholders hate that though

because it robs control from them and

this is why Elon Musk is brilliant he's

already preempting them on Twitter by

posting on Twitter if the board does

something that's not in the shareholders

interest they will open up a Titanic of

liability he's playing the smartest game

of 40

it's unbelievable and you won't mention

that poison pill which I believe they're

saying he can't buy more than 15 which

he owns just over nine percent I mean he

is the largest shareholder so this is an

interesting situation when he showed

that he had bought that April 1st I

believe actually shares went up prices

went up so he said if they say no he

can't buy it that he might actually get

out altogether he's been a little bit uh

Coy about that but if he does get out I

mean what do you think that this does to

the company I mean will is that a

problem for them

oh absolutely look if Elon turns around

and bails this thing's going back to

thirty dollars or less because now

you're going to have to start pricing in

fears that Elon Musk creates his own

social media company but I I wouldn't

count this negotiation over yet I think

that's why you're seeing Twitter down

today is people are fearful that well

Elon said it's best and final look words

are just words and Elon knows if they

came back with a reasonable counteroffer

even if it was say 60 bucks and it gave

him that opportunity to do what he

believes is Right which is providing

Free Speech To America even if that

means putting his money on the line to

do it I bet he would take it so I think

it's about a number not whether or not

it's going to actually happen

Kevin I got 20 seconds left let me ask

you this speaking of numbers let's say

they come back at whatever number and he

says yes how does he come up with that

much cash

yeah he can either borrow against his

existing Tesla stock maybe he's already

sold some Tesla stock which is possible

it's been under pressure over the last

six weeks or he would have to sell more

Tesla stock either of those three

options are possible he could also raise

money but he what doesn't want to do

that because he wants control with less

than 2 000 shareholders so we'll see

there could be something in between but

ultimately he'll make it work

okay real quick should we be buying more

Twitter or selling our stock today

yeah I'm not an investor in Twitter I I

I'm not all right or the way it is if if

Elon buys it it stays public it doubles

all right Kevin appreciate your Insight

thanks for being here

thank you