Podcast host and comedian Joe Rogan said that he's "excited" about Tesla and SpaceX CEO Elon Musk possibly buying Twitter.
What are the details?
During Saturday's broadcast of "The Joe Rogan Experience," Rogan said that it is important for society to look to "powerful leaders" such as Musk for leadership.
“You have to understand, and we all do, somewhere,” Rogan explained. “But, you’re alive in the middle of this experience, and it’s playing out, where no one feels comfortable, no one understands what’s happening, no one knows what life really is, no one, not a single person.”
He continued, “And yet, we’re all calling upon other people for guidance and leadership and support. We look to powerful leaders.”
“That’s why, me included, everyone is so excited that Elon Musk is trying to buy Twitter. We’re like, ‘Yes! The great one!’” Rogan added. “He’s the super-intelligent leader-type character that seems to have great ethics and morals, too. And he seems to be like a guy that if you had a movie character, and the movie character was like this super billionaire who didn’t give a f***, but he was super f****ing smart, and he was really, genuinely working to save humanity. That’s that guy.”
Moves and countermoves
Last week, Musk — who has been a proponent for free speech on the social networking platform — offered to purchase all shares of Twitter at $54.20 per share for a whopping $43 billion price tag.
Musk has said he believes Twitter has incredible potential — and he believes that he can unlock it as its owner.
"I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy," Musk wrote in a letter included in his SEC filing announcing the bid.
Twitter, however, is attempting to block the purchase by adopting a poison pill maneuver.
In a Friday press release, the company said it implemented the plan "following an unsolicited, non-binding proposal to acquire Twitter" — in this case, Musk's proposal.
Under the poison pill plan, "If any person or group acquires beneficial ownership of at least 15% of Twitter’s outstanding common stock without the board’s approval, other shareholders will be allowed to purchase additional shares at a discount."
The plan, which is set to expire on April 14, 2023, "will reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments and take actions that are in the best interests of shareholders."