Elon Musk has bought Twitter. We go through the ramifications of that, the people opposing it, and the implications for the future of the company. Plus, we hear from Charlie Kirk, founder of Turning Point USA, on why he thinks this deal is a bad idea.
00:00:40.000We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.
00:01:10.000I was skeptical and cynical, I should say.
00:01:13.000To think that Elon Musk would be able to pull off a purchase of Twitter seemed impossible, albeit almost just incomprehensible.
00:01:24.000You see, we have grown conditioned to believe that the ruling class, the people in charge of our country, the elites, they're largely untouchable.
00:01:34.000There's very little we could do to actually challenge their power.
00:01:40.000In fact, I was asked a question last week at University of Wisconsin-Milwaukee with Candace Owens, and we both kind of had the attitude that it's very unlikely that Elon Musk will be able to pull this off.
00:01:50.000That Elon Musk, despite being the world's richest man, will be met with poison pill measures and backlash at every turn.
00:01:57.000That Elon Musk will, despite having more money and more access to capital, he will struggle to be able to navigate the kind of deep state tactics of corporate America.
00:02:09.000But today, even though we've been very skeptical, it looks like this is more likely than not to happen.
00:02:20.000Twitter shares jumped today on reports the company is nearing a deal with Elon Musk that could be announced as soon as today.
00:02:25.000Twitter's board met with Sunday to discuss Musk's financing plan for his proposed bid.
00:02:30.000The board negotiated with Musk into the early hours of Monday, according to the New York Times.
00:02:34.000Their investment bankers are telling the Twitter board, like, you better look at this deal very carefully and closely because it's way overvalued, way over what the company is actually valued at, which is closer to $30 a share.
00:02:50.000Musk is offering, I think, $42 to $43 to $44 a share, upwards of $50 a share.
00:02:55.000The lawsuits, the backlash would have been overwhelming.
00:02:59.000And Twitter is left with really no choice.
00:03:02.000They would have been slammed with fiduciary complaints.
00:03:05.000I would have joined it as well as I own two shares of Twitter in case this goes to a tender offer.
00:03:10.000I want to be able to vote for Elon's takeover.
00:03:14.000And it looks like this deal could get done.
00:03:17.000Now, mind you, Elon has to be careful, but Elon knows what he's doing.
00:03:21.000They're going to do everything they possibly can to try to have undetectable metaphorical minds all throughout the company.
00:03:30.000That everywhere Elon turns, there'll be another difficult situation to deal with.
00:03:52.000CNBC says, it looks like there is an agreement that's being formed, and this may be their only option, play cut six.
00:04:00.000The company appears to be on track now to reach an agreement with Elon Musk as early as today.
00:04:07.000A source told CNBC that Twitter's board met yesterday to talk about Musk's financing plan for his proposed bid for the social media company.
00:04:15.000And I do think we're getting closer with a real concern among the board that the standalone plan, given that there have been no other bidders, would not do it and would not be something that would necessarily get them to the promised land.
00:04:33.000Now, that CNBC guy, I think that's the same guy that was lecturing us about getting vaccinated and wearing a mask.
00:04:40.000He didn't sound too excited about all this, did he?
00:04:42.000He didn't sound too enthusiastic about the idea of Twitter changing hands from Pragod Agarwal.
00:04:50.000Now, again, we've played a part in this entire saga.
00:04:54.000Babylon B, Our Account, and, of course, Tucker Carlson all being suspended from Twitter has played a part in motivating Elon to take this over.
00:05:07.000Put simply, Twitter was given an offer they were not allowed to refuse.
00:05:13.000You know, some people would say, well, it's too good of an offer to refuse.
00:05:15.000They would have refused it, but it seems as if they're so in the corner because of American security law, they have to take it, that they really have no choice.
00:05:24.000And by the way, that was Andrew Ross Sorkin, who was the person that was hosting that on CNBC, who is kind of very sadly going, it looks like there's no other offer.
00:05:35.000I don't really think there's anything we can do.
00:05:39.000And so, of course, the seed of the equivalent benefit of all of us who have been banned and censored from Twitter over the last couple of years is that it caught the attention of someone with power.
00:06:06.000The article continues by saying, Wall Street was likely to view the news of Twitter's openness to a bid as quote as the beginning of the end for Twitter as a public company, with Musk likely now on a path to acquire the company unless a second bidder comes into the mix.
00:06:20.000Jim Kramer says, quote, I think they have to accept the offer.
00:06:25.000Twitter is set to report first quarter earnings on Thursday, including Kramer.
00:06:29.000Expect the company to post disappointing results.
00:06:32.000Locking up a deal today or tomorrow may sound pretty appealing for someone who knows they're in possession of bad news, but we've gone through this.
00:06:44.000Twitter was a different type of thing.
00:06:46.000It was a megaphone of the regime, a censorship tool to shut people up and control the discourse as they see fit.
00:06:54.000Now, we received an email at freedom at charliekirk.com where someone says, well, why doesn't Elon just buy Facebook?
00:06:59.000Well, first of all, Facebook's a lot more valuable.
00:07:01.000But honestly, I don't think it's as important at shaping public opinion.
00:07:07.000Twitter is the incubator for elite opinion.
00:07:10.000It's where people that write columns, report on articles, people that host cable news shows, they look at Twitter as the place to find out what they believe and why they believe it.
00:07:26.000So put plainly, if Twitter is in the hands of Musk and goes private instead of it in its current position, all of a sudden the kind of description of what Twitter is changes fundamentally.
00:07:42.000You see, Elon Musk is treating Twitter like a company.
00:07:46.000And the board of directors doesn't know how to react to that.
00:07:49.000They're like, wait a second, we haven't been a company for quite some time.
00:07:53.000Twitter only turned a $52 million profit, EBITDA, earning before its interest taxes depreciation and amortization, amortization.
00:08:04.000And so we're at a place right now where the board of Twitter is left no choice at all whatsoever.
00:08:15.000If he pulls this off, it will be the greatest rescue mission of free speech in the modern era.
00:08:22.000Different than Facebook and different than YouTube, Twitter is where the top of the assembly line begins.
00:12:16.000Why is the New York Times not talking about this?
00:12:19.000For those of you in the food packing or processing industry, tell me, is a fire every five days normal?
00:12:25.000Well, look, if you do not have a good stockpile of food, now is the time to get one.
00:12:31.000Dinesh D'Souza has a real special movie coming out, everybody.
00:12:34.000In 2020, November 2020, Democrats were up to no good.
00:12:40.000They were planning to pull off one of the greatest schemes of election fraud never seen before.
00:12:44.000But they didn't think we would catch them, but we did.
00:12:47.000Find out what they did and how they did it in a new documentary film called 2000 Mules, directed and narrated by renowned filmmaker Dinesh D'Souza, an executive produced by the Salem Media Group, with research from truthevote.org.
00:13:00.0002000 Mules is going to be a game changer.
00:13:03.0002000 Mules tells the story of the ones who tried to hijack a presidential election.
00:13:07.000You'll see actual video surveillance tape.
00:13:09.000You'll see how we track their cell phones to box after box after they got paid to carry out this illegal scheme.
00:13:52.000There's many divides in America right now.
00:13:55.000There's the divide between the moody and the unmoody, the grateful and the ungrateful, the patriotic and the unpatriotic, the thankful and the unthankful.
00:14:03.000And another divide in America you could add it to the list is do you think speech is a solution or a problem?
00:15:04.000These people that write these articles, they pretend like they know a lot of different things, but really they're flipping through their Twitter feed.
00:15:12.000And based on the volume of tweets in a certain direction, they start to shape their opinion.
00:15:20.000Now, Twitter is a unique social media platform.
00:15:23.000We cannot and we should not conflate Twitter's power or its potential with other platforms.
00:15:31.000Now, Twitter at its best, when Twitter was in its heyday, I'd say 2018.
00:15:38.000Now, 2016, prior to Trump being elected, it was probably the most free.
00:15:44.000But Twitter was its most powerful, not its most free, but it was still way freer than it is today in 18.
00:15:50.000And our team, we went all in on a Twitter strategy.
00:16:30.000It would be considered a bad tweet if we did not get 10,000 retweets on a certain tweet.
00:16:37.000And of course, then Twitter realized, heading into the 2020 election and heading into post-COVID that they must become a censorship machine.
00:16:48.000And I remember in the midst of the Fauci virus, our engagement just kind of went off a cliff.
00:18:17.000It's the eccentric people that don't care what other people think and they stand up for what is the right, what is right in the world.
00:18:23.000It's actually the non-eccentric people like Andrew Ross Sorkin, that person that hosts that CNBC show, who's just kind of goes along with the status quo.
00:18:34.000It's the eccentric people that actually change the world.
00:18:37.000Elon Musk certainly is changing the world.
00:18:42.000Let's go to cut for Donny Deutsch from MSNBC.
00:18:49.000He says, this is like Dr. Evil taking over the world.
00:20:29.000And so while the other side all of a sudden now parades around their principle, you know, kind of a principle-type narrative, like, well, it's against our principles.
00:20:39.000Well, they've never cared about principles.
00:20:41.000The left has only cared about victory, which is one of the reasons why they've been so successful the last couple of decades.
00:20:46.000Maybe it's time for us conservatives to start to realize that.
00:20:48.000Is it ideal to have the world's richest man come in and have to buy a company?
00:20:52.000Of course, it's not ideal, but it's necessary right now.
00:21:09.000An article came out from the Urban League, whatever that is.
00:21:12.000The National Urban League pressed Twitter's board of directors to consult with the civil rights community before making a decision on Elon Musk's bid for the company.
00:21:20.000Of course, remember, when they insert racial politics into our conversation, they want to use this to be able to stop merger and acquisitions they don't like, change voting laws.
00:21:29.000It's always the final card, the race card.
00:21:32.000The National Urban League, this is one of the great quotes ever in the history of self-irony, in the history of paradoxical statements, is this.
00:21:54.000The National Urban League believes that Elon Musk owning could have serious implications on users' civil rights.
00:22:06.000So the fact that Elon Musk wants to give people their civil rights back to speak is a big concern for the National Urban League that people might lose their civil rights.
00:22:16.000The National Urban League says, quote, without key protections and safeguards, much of the concerning activity that we see on Twitter, including white supremacist propaganda, racial and religious hatred, voter suppression through election disinformation, algorithmic bias and discrimination, and the hardening of our national discourse are likely to proliferate under Musk's ownership.
00:23:08.000Whether you like him or not, again, I have a mixed opinion on some of the stuff he does, but he's certainly not boring.
00:23:15.000The potential to negatively impact millions, the Urban League says, directly undermine our nation's culture and democracy indirectly and is exponentially damaging and should be part of your analysis and reviewing this or any other purchase.
00:23:33.000The National Urban League is super worried that if people are able to speak, people will no longer be able to speak.
00:23:42.000Remember, the party that says that men can become pregnant, they're the ones that want to control misinformation on the internet.
00:23:50.000The party that tells you that men can menstruate, they're the ones that are really worried about misinformation.
00:23:56.000The party that is really worried about misinformation is the one that told us that Hunter Biden's laptop was Russian disinformation.
00:24:04.000The party that's really worried about disinformation is the one that said Border Patrol was on horseback whipping migrants.
00:24:11.000The party that's really worried about misinformation and disinformation told us the vaccine was 100% safe and effective, would prevent against infection, and would prevent against death.
00:24:24.000These are the people that are worried about disinformation and misinformation.
00:27:06.000We can't find spaces big enough at Turning Point USA to be able to fit all the students that want to come to our events at Berkeley and Boulder.
00:27:15.000Meanwhile, I'm not really sure if people are flocking in big numbers to go hear about critical race theory and Nicole Hannah Jones.
00:27:23.000If you kind of look at these fundamental indicators of where the society is going, Republicans are winning registration wars across the country, and DeSantis wiped out all of the gerrymandering gains that California and New York tried to do.
00:27:37.000DeSantis basically leveled the playing field.
00:27:58.000Words technically different, but they're very similar.
00:28:01.000The left has always poured their resources into institutions and infrastructure.
00:28:06.000We as conservatives, what have we done?
00:28:08.000We've poured our money into their institutions and infrastructure, giving our money to their colleges, giving our money to their companies.
00:28:20.000Now you have alternative educational options happening.
00:28:25.000If you're kind of looking and you're, let's pretend that you're kind of in a war room and your job is to make the American left stronger every single year.
00:29:54.000We are seeing regular, everyday people, the rise of the citizen continue and all these other kind of institutions that they've poured so much money in that were otherwise untouchable.
00:30:07.000And Disney is going through a reckoning right now.
00:30:09.000Florida just said you got to pay $200 million extra in taxes every single year.
00:30:13.000That's a lot of money for any company, even Disney.
00:30:17.000You look a level deeper, the indicators are showing you that there's a realignment happening in what people are processing information, what movies they're watching, what they're spending money on.
00:30:29.000And I'm telling you, this Twitter thing comes through with Elon.