Wow! There is some confusion here among pundits commenting on these events.
Some folks are saying that Twitter is a private company and so we should not object; and that the free market should decide. This is nonsense on about ten levels, beginning with the fact that this is a publicly traded corporation, with Jack Dorsey owning only 2% of its stock. LEGALLY, Dorsey has a fiduciary responsibility to his shareholders, which even under a Shlensky v Wrigley threshold he is clearly neglecting. ETHICALLY, using Milton Friedman logic, he has a duty to maximize shareholder wealth, which he is not doing and has not been doing for years.
As CEO, Dorsey has been on thin ice for many months. Rogue shareholder Paul Singer has been pushing for his ouster.
Those of us critical of the MSM and social media should be pointing to Dorsey’s reckless regard for Twitter’s shareholders. The giant mutual fund Vanguard owns 11% of Twitter’s stock. I have money in Vanguard, as do many millions of other right-leaning investors. If Dorsey makes it through June as CEO I will likely write a nasty letter to Vanguard and close my account. We should all be doing this.
My guess, though, is that Dorsey will soon be gone. This will be another in a long list of Trump wins.
Do you think this attention will increase or decrease Twitter users?