Kevin O’Leary, a famous investor known from Shark Tank, heaped praise on Tesla CEO Elon Musk for his attempt to buy out the extreme left-wing platform Twitter, going off on the social media titan for their censorship policies and the board members for being entirely ineffective and in need of dismissal.
O’Leary stated to Andrew Sorkin, a co-anchor for Squak Box on CNBC, that Twitter “is the most miserable investment you could have put your dollars into in social media. It has totally lagged all its other competitors.”
Musk, however, would be a means to provide a way for a poorly performing company to get out, stated the investor.
“The best way to look at this is, you gave them a decade, why not get the whacking stick out and just start all over again?” claimed O’Leary. “And that’s what Elon Musk is proposing.”
“The biggest risk for shareholders here, whether you believe in the free speech issue or not, is if Musk goes away,” stated the businessman in a warning. “Then they’re back in the same miserable place they are now. … When you start to try and figure out who should have a voice and who shouldn’t, you’re stepping on the basic principles of free speech in America. And that really doesn’t sit well with a majority of the population.”
Sorkin first back against O’Leary being a proponent of free speech principles, repeatedly referencing pornography and snuff films, and ignoring the censorship of various “fringe views” or what social media has taken to calling “misinformation.”
“The cost of free speech, the cost to society, is allowing the lunatic fringe to have a voice,” O’Leary stated. “And that’s always been the case, back to when they were writing newspapers by hand. You gotta get over that, Andrew.”
The investor went on, he concluded the segment by boosting the bid from Musk for the company and called for the Twitter board members to be terminated.
“It’s horrific what this company has done to their shareholders. I weep like a baby for them. I wouldn’t touch this stock,” he stated. “However, if Elon Musk gave me a piece of the deal … I’d back him because of executional performance on everything he touches.”
“The rest of this board and those employees have done a horrifically bad job,” he continued. “I think they should be fired.”
In regards to Musk, He seems to be entirely serious about his intention to purchase the social media titan and take if private, whether the board decides to cooperate or not.