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Ify Egede
Apr 15, 2022
by Ify Egede

Ran NeuNer Urges Elon Musk to Sue Twitter Board

Ran NeuNer Elon Musk Twitter
After Elon Musk acquired maximum Twitter shares, many issues were raised. Elon recently claimed that the Twitter Board of directors would be breaching their fiduciary duty if they behaved contrary to shareholders' interests. Many Twitter users have replied to that statement, including Ran NeuNer, who said that Elon Musk should sue Twitter because they need to be shaken out.

Elon Musk wants to buy all the stocks of Twitter that are still available for $54.20 per share, which is about $43B. Elon Musk made this material public by submitting it to the SEC for review.

Musk also stated that he believes Twitter has tremendous opportunities that he can realize. In the filing, he stated that he would have to reevaluate his status as a shareholder if his offer was rejected.

Nonetheless, this approach appears to be met with some opposition from other stockholders. Elon Musk, on the other hand, who appears to have a sizable shareholder base on his side, posted on Twitter that if the present Twitter board of directors takes measures that are counter to shareholder objectives, they will be in breach of their fiduciary duties. They'd be taking on a massive liability as a result.

Ran NeuNer's Reply to Elon Musk's Comment

According to Ran NeuNer, since Elon Musk is the second biggest Twitter shareholder after Vanguard, he needs to sue Twitter if he believes the other shareholders are breaching laws. He also stated that he thinks it's about time Twitter gets shaken out as they possess a very rotten culture.

There's still a lot of confusion about Elon Musk's plan for Twitter. Some Twitter users have commented that Elon Musk should forget about his war with Twitter and focus on the social media platform he claimed he was planning to launch, The Truth.

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Ran NeuNer Urges Elon Musk to Sue Twitter Board
Ify Egede
Ify is an experienced and versatile writer and researcher. He has have keen interest in blockchain technology, Bitcoin, cryptocurrencies, fintech and emerging technologies. He has tons of published works both online and in the print media. He has close to a decade of writing experience. When he is not writing, he spends time with his lovely wife and kids.

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