{"id":437710,"date":"2022-04-26T17:06:28","date_gmt":"2022-04-26T14:06:28","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dont-worry-about-elon-taking-twitter-private-and-scrapping-its-board\/"},"modified":"2022-04-26T17:06:28","modified_gmt":"2022-04-26T14:06:28","slug":"dont-worry-about-elon-taking-twitter-private-and-scrapping-its-board","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dont-worry-about-elon-taking-twitter-private-and-scrapping-its-board\/","title":{"rendered":"#Don\u2019t worry about Elon taking Twitter private and scrapping its board"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a411882124fb\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a411882124fb\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/dont-worry-about-elon-taking-twitter-private-and-scrapping-its-board\/#%E2%80%9CDont_worry_about_Elon_taking_Twitter_private_and_scrapping_its_board%E2%80%9D\" >&#8220;Don\u2019t worry about Elon taking Twitter private and scrapping its board&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/dont-worry-about-elon-taking-twitter-private-and-scrapping-its-board\/#%E2%80%98A_bad_board_will_kill\" >\u2018A bad board will kill\u2019<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/dont-worry-about-elon-taking-twitter-private-and-scrapping-its-board\/#A_raiders_lament\" >A raider\u2019s lament<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/dont-worry-about-elon-taking-twitter-private-and-scrapping-its-board\/#Mixed_research\" >Mixed research<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CDont_worry_about_Elon_taking_Twitter_private_and_scrapping_its_board%E2%80%9D\"><\/span>&#8220;Don\u2019t worry about Elon taking Twitter private and scrapping its board&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n                            It <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a>\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/investor.twitterinc.com\/corporate-governance\/board-of-directors\/default.aspx\">board of directors<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-25\/elon-musk-clinches-deal-to-take-twitter-private-for-44-billion?srnd=premium&amp;sref=Hjm5biAW\">finally warmed to Elon Musk\u2019 hostile bid<\/a> and agreed to a sale \u2013 but not before it took a severe beating from the Tesla and SpaceX billionaire, Twitter founder Jack Dorsey and other prominent users on their own social network.<\/p>\n<p>Musk, who on April 25, 2022, sealed a deal to buy Twitter for US$44 billion, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.barrons.com\/articles\/how-twitter-board-stock-ownership-compares-musk-tesla-51650304124\">criticized board members<\/a> for owning almost no shares of the company they oversee. Dorsey, who will step down from his seat on Twitter\u2019s board at the end of his term in May 2022, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2022\/04\/18\/twitters-ex-ceo-criticizes-board-musk-says-they-own-almost-no-shares.html\">called it the \u201cdysfunction of the company<\/a>.\u201d Conservative politicians <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Jim_Jordan\/status\/1517586211698712577\">derided the board<\/a> as \u201cscared\u201d of free speech.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/scholar.google.com\/citations?user=j97Zw9IAAAAJ&amp;hl=en&amp;oi=ao\">As experts<\/a> on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/scholar.google.com\/citations?user=dvEc5eUAAAAJ&amp;hl=en&amp;oi=ao\">corporate governance<\/a>, we believe this feud raises two important corporate governance questions: What purpose does a board of directors serve? And does it matter if a member owns company stock or not?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%98A_bad_board_will_kill\"><\/span>\u2018A bad board will kill\u2019<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u201cGood boards don\u2019t create good companies, but a bad board will kill a company every time.\u201d<\/p>\n<p>Venture capitalist Fred Destin <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/pulse\/valuation-vs-bad-vc-tradeoff-fred-destin\/\">wrote that in 2018<\/a>, citing what he called an \u201cold Silicon Valley proverb.\u201d The quote has been making the rounds on Twitter recently in light of Musk\u2019s hostile bid. It even seemed to get a nod from Dorsey himself <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/jack\/status\/1515536972995088385?ref_src=twsrc%5Etfw\">when he replied to a tweet<\/a> containing the quote, \u201cbig facts.\u201d<\/p>\n<p>Broadly speaking, a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.boardeffect.com\/blog\/10-basic-responsibilities-board-members\/\">board\u2019s most important roles<\/a> include hiring, paying and monitoring the chief executive officer.These tweets and the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> conversation that has emerged have important implications for understanding boards and their role in shepherding a company.<\/p>\n<p>Academic research suggests that board members at large companies \u2013 who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/work.chron.com\/director-corporate-board-paid-19587.html\">typically receive generous compensation packages<\/a> \u2013 may be limited in their ability to perform these tasks effectively. In our work, we found that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/doi.org\/10.5465\/19416520.2016.1120957\">boards often find it impossible<\/a> to conduct adequate monitoring and rein in wayward CEOs because there\u2019s just so much information for modern boards to process with their <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.rhsmith.umd.edu\/research\/upside-having-busy-board-members\">limited time<\/a>. And the social dynamics involved in the board also make it difficult for directors to speak up and oppose other directors.<\/p>\n<p>In a separate study involving face-to-face interviews with directors, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/doi.org\/10.1002\/smj.3320\">we were consistently told<\/a> that directors take their board service seriously and operate with their companies\u2019 best interests in mind. But they do so with an eye toward collaborating with the CEO and the rest of the executive team rather than serving as impartial observers, as their \u201cindependent\u201d status suggests they should.<\/p>\n<p>While our work didn\u2019t focus on this, if the board and the CEO fundamentally disagree about the direction of company \u2013 which was often the case <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/nymag.com\/intelligencer\/2021\/11\/jack-dorsey-failed-twitter-parag-agrawal-will-be-way-better.html\">between Dorsey and the Twitter board<\/a> \u2013 it would certainly be problematic and could lead to less than optimal decisions being made.<\/p>\n<p>In other words, a board that isn\u2019t functioning effectively can definitely destroy a company\u2019s value. And <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newyorker.com\/culture\/infinite-scroll\/why-would-elon-musk-want-to-buy-twitter\">some reporting suggests<\/a> that\u2019s what happened to Twitter, whose <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/quote\/TWTR\/\">shares were trading at less than half<\/a> their 2021 peak before Musk disclosed he had <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.npr.org\/2022\/04\/05\/1090992306\/elon-musk-takes-a-9-stake-in-twitter-to-become-its-largest-shareholder\">amassed a 9% ownership stake<\/a>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_raiders_lament\"><\/span>A raider\u2019s lament<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>That brings us to the next question: Does not owning a significant stake in a company you oversee make it more likely that you\u2019ll run it into the ground, as Musk seemed to suggest?<\/p>\n<p>A few days after <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/theconversation.com\/elon-musks-bid-spotlights-twitters-unique-role-in-public-discourse-and-what-changes-might-be-in-store-181374\">making his takeover offer<\/a> on April 14, the billionaire, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1515403974802870279\">responding to a tweet<\/a> showing how few shares Twitter board members own, posted that its directors\u2019 \u201ceconomic interests are simply not aligned with shareholders.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Wow, with Jack departing, the Twitter board collectively owns almost no shares! Objectively, their economic interests are simply not aligned with shareholders.<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1515403974802870279?ref_src=twsrc%5Etfw\">April 16, 2022<\/a><\/p>\n<\/blockquote>\n<p>Musk\u2019s arguments harked back to takeover bids from the 1980s in which activist investors \u2013 or \u201ccorporate raiders\u201d \u2013 would argue that executives\u2019 interests <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sciencedirect.com\/topics\/economics-econometrics-and-finance\/activist-shareholders\">did not align with those of shareholders<\/a>. As \u201cWall Street\u2019s\u201d Gordon Gekko <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.americanrhetoric.com\/MovieSpeeches\/moviespeechwallstreet.html\">famously railed against executives<\/a> of a business he wanted to take over, \u201cToday, management has no stake in the company!\u201d<\/p>\n<p>Musk\u2019s words echo Gekko\u2019s \u201cgreed is good\u201d speech, except in regard to independent directors, who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.spencerstuart.com\/-\/media\/2021\/october\/ssbi2021\/us-spencer-stuart-board-index-2021.pdf\">comprise the vast majority<\/a> of corporate boards. The simple definition of an independent or outside director is that they don\u2019t hold an executive role in running the company, such as chief executive officer or chief financial officer.<\/p>\n<p class=\"p1\">\n<figure>\n<p>                <iframe loading=\"lazy\" srcdoc=\"&lt;style&gt;*{padding:0;margin:0;overflow:hidden}html,body{background:#000;height:100%}img{position:absolute;top:0;left:0;width:100%;height:100%;object-fit:cover;transition:opacity .1s cubic-bezier(0.4,0,1,1)}a:hover img+img{opacity:1!important}&lt;\/style&gt;&lt;a href=\" https:=\"\" src=\"https:\/\/img.youtube.com\/vi\/PF_iorX_MAw\/hqdefault.jpg\" style=\"top: 50%;left:50%;width:68px;height:48px;transform:translate3d(-50%,-50%,0)\" height=\"240\" width=\"320\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\" frameborder=\"0\"><\/iframe><\/p>\n<\/figure>\n<p>        <!--resp-video-container--><\/p>\n<figure><figcaption><span class=\"caption\">\u2018Greed is good\u2019<\/span><\/figcaption><\/figure>\n<p>In reality, Twitter\u2019s board share ownership is very similar to other companies.<\/p>\n<p>Excluding Dorsey, independent Twitter directors <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/0001418091\/000114036122014049\/ny20001921x3_def14a.htm\">held a median ownership stake of 0.003%<\/a>. For comparison, we looked at equity ownership of independent directors of companies listed in the S&amp;P 500 stock index in 2021. We found the median stake was less than 0.01%, and all but a handful of directors held less than 1% of the company\u2019s stock. Median ownership at Musk\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/0001318605\/000156459021044307\/tsla-pre14a_20210813.htm\">company Tesla is similarly minuscule, at 0.23%<\/a>.<\/p>\n<p>Whether this makes a difference to a company\u2019s success is hard to assess because research on the topic is rather sparse, in large part because board members have so little equity.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Mixed_research\"><\/span>Mixed research<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Academic researchers on effective corporate governance in the 1970s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/doi.org\/10.1086\/467037\">argued that outside directors<\/a> should avoid owning many shares in the companies they oversee to maintain objectivity. More recently, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/doi.org\/10.1177\/0149206312460680\">management scholars have suggested<\/a> that higher stakes could <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/doi.org\/10.5465\/amr.2014.0066\">provide a way to motivate<\/a> directors to monitor management and make decisions more in line with shareholder interests.<\/p>\n<p>But other work that examined multiple studies shows the impact of director stock ownership <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.pearson.com\/us\/higher-education\/program\/Larcker-Corporate-Governance-Matters-A-Closer-Look-at-Organizational-Choices-and-Their-Consequences-2nd-Edition\/PGM265559.html\">is mixed at best<\/a>, with some studies suggesting higher stakes potentially lead to negative outcomes, such as <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/doi.org\/10.1016\/j.jcorpfin.2005.08.005\">excessive executive and director compensation<\/a>.Some researchers have found that boards with larger ownership stakes <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/doi.org\/10.1017\/S0022109013000045\">can improve<\/a> a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/doi.org\/10.1086\/497048\">company\u2019s operational performance<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.doi.org\/10.5465\/256355\">better align outside directors<\/a> with the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/doi.org\/10.1016\/0304-405X(89)90084-6\">interests of shareholders<\/a>.<\/p>\n<p>Since the passage of the Sarbanes\u2013Oxley Act of 2002 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sarbanes-oxley-101.com\/sarbanes-oxley-faq.htm\">after massive accounting scandals<\/a> at Enron, WorldCom and elsewhere, corporate governance issues such as board oversight <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nyulawreview.org\/wp-content\/uploads\/2018\/08\/NYULawReview-82-4-Brown.pdf\">have become increasingly important<\/a>. This led to a number of changes intended to align the interests of managers and those of shareholders, including a focus on board independence and adjusting executive compensation.<\/p>\n<p>Although our research shows boards are limited in their ability to monitor management, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/theconversation.com\/elon-musk-argues-twitter-would-be-better-off-in-private-rather-than-public-hands-corporate-governance-scholars-would-disagree-181382\">they\u2019re still better than nothing<\/a>.<\/p>\n<p>In his letter to shareholders announcing his bid, Musk <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/0001418091\/000110465922045641\/tm2212748d1_sc13da.htm\">vowed to \u201cunlock\u201d Twitter\u2019s potential<\/a> as a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.investopedia.com\/ask\/answers\/05\/publictoprivate.asp\">private company<\/a>, without a public board. We may soon see if he\u2019s right.<!-- Below is The Conversation's page counter tag. Please DO NOT REMOVE. --><img decoding=\"async\" loading=\"lazy\" style=\"border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;\" alt=\"The Conversation\" width=\"1\" height=\"1\" class=\"js-lazy\" src=\"https:\/\/counter.theconversation.com\/content\/181773\/count.gif?distributor=republish-lightbox-basic\"\/><!-- End of code. If you don't see any code above, please get new code from the Advanced tab after you click the republish button. The page counter does not collect any personal data. More info: https:\/\/theconversation.com\/republishing-guidelines --><\/p>\n<p><noscript><img decoding=\"async\" loading=\"lazy\" style=\"border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;\" src=\"https:\/\/counter.theconversation.com\/content\/181773\/count.gif?distributor=republish-lightbox-basic\" alt=\"The Conversation\" width=\"1\" height=\"1\" class=\"\" srcset=\"\"\/><\/noscript><br \/>\n<em>Article by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/theconversation.com\/profiles\/michael-withers-1339964\">Michael Withers<\/a>, Associate Professor of Business, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/theconversation.com\/institutions\/texas-aandm-university-1672\">Texas A&amp;M University<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/theconversation.com\/profiles\/steven-boivie-1254410\">Steven Boivie<\/a>, Professor of Management, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/theconversation.com\/institutions\/texas-aandm-university-1672\">Texas A&amp;M University<\/a><\/em><\/p>\n<p><em>This article is republished from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/theconversation.com\">The Conversation<\/a> under a Creative Commons license. Read the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/theconversation.com\/elon-musk-wont-have-a-board-to-watch-him-when-he-takes-twitter-private-does-that-matter-181773\">original article<\/a>.<\/em>\n                        <\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/elon-musk-twitter-private-scrapping-its-board\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Don\u2019t worry about Elon taking Twitter private and scrapping its board&#8221; It appears Twitter\u2019s board of directors finally warmed to Elon Musk\u2019 hostile bid and agreed to a sale \u2013 but not before it took a severe beating from the Tesla and SpaceX billionaire, Twitter founder Jack Dorsey and other prominent users on their own&#8230;<\/p>\n","protected":false},"author":1,"featured_media":437711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/tnw?filter_last=1&fit=1280,640&url=https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/04\/MuskBR.jpg&signature=43bfcabd3cea3ce0c6eae89185e593ae","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-437710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/437710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=437710"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/437710\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/437711"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=437710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=437710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=437710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}