krista4 said:
Most public companies have classes of directors as an anti-takeover defense. All it means is that they are elected in staggered terms. Twitter, as is typical, has three classes that are elected so that each class comes up in every three-year period. It has nothing to do with powers or authority; every board member has the same authority, voting power, etc. as to the Board (setting aside powers that would come from Committee assignments).
That's not the long con here. Surprising you lost the context here, maybe all that yoga has dulled your hunting spear.
Based on previous whistleblowers to Congress, Facebook had to answer about the Tasks and Centra platform, where Big Social Media and Big Tech "coordinate" on their enforcement.
In effect, by buying into Twitter, Musk now also has nearly blanket immunity through Facebook (aka Meta), Google ( and everything under Alphabet), YouTube and Instagram.
Musk's ties with the military industrial complex shields him from Apple, Amazon and Microsoft.
Musk also has cult of personality on an international scale. That means like Oprah Winfrey, he has an army of devoted zealots to his "brand" that he can deploy with a force multiplier effect. His flaws are seen as "quirks of genius" He has direct unlimited access to the Western daily media cycle at will.
What Musk bought was total silence. AOC spends more than any other member of Congress on Facebook ads and social media advertising in general, exponentially so, and when she got caught lying about having people try to hunt her down and kill her in Katie Porter's office, Big Social Media made it go away and fast. Prager U spends more than any Conservative outlet with Big Social Media advertising and they also have near pure immunity. This is like any other business, it's a play to play format.
Media Optics 101 - "Show me who you can't criticize, that's who has real power"