Florida Governor Ron DeSantis has said the state may be involved in billionaire Elon Musk’s bid to buy Twitter.
DeSantis, at a Tuesday press conference for the signing of a bill to improve higher education accountability in the state, noted that Florida may pursue some type of action in this regard. regarding Musk’s attempt to buy the social media site. It comes after Musk offered to buy 100% of the popular platform, bidding over $40 billion. However, in response to Musk’s offer, Twitter adopted the “poison pill”.
After signing the bill, DeSantis, unprompted, brought up Musk’s attempt to buy the platform. He mentioned that the state of Florida, through its pension system, owns stock in the tech company and indicated that some state moves against Twitter may be coming.
“I can just tell you, the state of Florida, in our retirement system, we have shares of Twitter. I didn’t buy it, we have people running the fund. Still, it didn’t really been great in terms of returns on investment. It’s been pretty stagnant for many, many years. So, nonetheless, for me, I think that’s probably a wound to the fund. We’re going to look at ways in which the State of Florida can potentially hold these directors’ Twitter panels liable for breaching their fiduciary duties. So stay tuned on that,” DeSantis said.
During the press conference, he also accused Twitter of censoring voices, including the New York Post and the bee of Babylon.
“They were censoring accounts like ‘Babylon Bee’, which is a satirical site. But they don’t like it because, you know, it’s satire but it cuts and they don’t like it when people are effective like that. And so you saw how it was really used to control the narrative, not to give people a voice. They present themselves as a platform for the free expression of ideas and yet, you know when you have a New York Post article on Hunter Biden, what are they doing? They take him down. They lock the New York Post account,” DeSantis said.
The Florida governor also said Musk, with his massive bid to buy the company, was trying to bring free speech to the platform, which DeSantis says big tech doesn’t appreciate. Their rejection, the governor says, is also based on the fact that they “can’t control” Musk.
“I don’t think it was a rejection based on financial concerns or business judgment. They rejected it because they know they can’t control Elon Musk. They know he won’t accept the narrative and that their little toy of Twitter, it wouldn’t be used to uphold orthodoxy and to prop up the regime and those failed old media. And that’s why they did it. It wasn’t, at my opinion, because it was not a good deal,” he said. mentioned.
In response to a question on Twitter about Musk and whether the state would consider selling its shares on Twitter following its shares at Musk’s bid, DeSantis pushed back on that idea.
“But I certainly think, in the short term, the fact that they’ve had this in the pension fund, it gives us the opportunity to potentially get some relief. And that’s the problem, when you’re in a situation like this one, if the board acts in a way that breaches its fiduciary duty for power or political reasons and essentially serves as the repressive arm of the government, well, you’re in a situation where you need of some responsibility. it’s not free market capitalism when you have that, okay,” he said.
When asked to comment further on DeSantis’ statement regarding Twitter, his office said it had nothing more to add and highlighted the governor’s comments at Tuesday’s press conference.
Newsweek contacted Twitter for comment.