Now Reading
Right-Wind Social Media Site Gab Wants Elon Musk To Dump Twitter & Join Their Board Instead

Right-Wind Social Media Site Gab Wants Elon Musk To Dump Twitter & Join Their Board Instead

Elon Musk has made an offer to buy Twitter, take it private, and shift the site to match his vision. Now, another social media site has a counter-offer.

[Photo by SUZANNE CORDEIRO/AFP via Getty Images]

Elon Musk was initially slated to join Twitter’s board after purchasing a significant percentage of stock in the company. That fell through. The company’s official statement stopped short of saying that Musk was disinvited from the board, though it did mention that as a board member he’d be required to act in the best interest of shareholders, which some readers interpreted as a demand to stop trash-talking the site publicly.

Instead, Musk made an offer to buy the site and take it private. He would pay the equivalent, he said, of just over $54 per share, while the stock was selling for about $8 per share below that amount. He declared it his absolute and final offer.

While Twitter has not yet responded, Andrew Torba, CEO of the right-wing social site Gab, has already made a counter-offer. If Musk will sell all his Twitter stock, Torba says, he can join the board of Gab instead. (Musk had already indicated that he might sell his shares if Twitter refused to sell, potentially hitting other shareholders with a loss.)

Torba is asking Musk to invest $2 billion into Gab — a tiny percent of the total amount he’s offering to purchase Twitter — and use his Starlink service to dodge the concern that an ISP will ban the site. This concern arose after right-wing sites were used by extremists plotting the attack on the Capitol in January of 2021, and ISPs began to consider what association they wanted with sites that allowed this conduct.

In a blog post, Torba declared that Musk would not be able to “bring free speech” to Twitter merely by buying it, because the same app stores — Apple, Google Play, and others — that kicked off right-wing social apps over extremist content would do the same to Twitter “if you stop the censorship.”

See Also

“I am willing to offer you a Board seat along with equity in the company in exchange for you selling your Twitter position and investing $2B into Gab. My offer is my best and final offer,” Torba proposed.

Musk has not publicly responded to the proposal.

What's Your Reaction?
In Love
Not Sure

© 2021

Scroll To Top