‘I Hope Musk Cleans Up Twitter’: Top Wall Street CEO Backs Newest Takeover Deal | Eastern North Carolina Now | Days after Elon Musk revived his offer to purchase Twitter, JPMorgan CEO Jamie Dimon expressed support for the acquisition and pushed for a cleanup of the platform.

Coronavirus Disease 2019 (COVID-19)
    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Ben Zeisloft.

    Days after Elon Musk revived his offer to purchase Twitter, JPMorgan CEO Jamie Dimon expressed support for the acquisition and pushed for a cleanup of the platform.

    Twitter had been fighting Musk in court over his attempt to cancel a previous offer to buy the company for $44 billion - a move he said was based upon concerns that the actual share of fake accounts on the platform could range as high as 33% rather than the company's reported 5%, with a lower number of monetizable daily active users justifying a lower valuation. Musk, however, has since revived his efforts to purchase the company.

    Dimon, considered one of the most influential executives on Wall Street, said during an interview with CNBC that Musk is justified in his concerns about fake accounts.

    "I hope Musk cleans up Twitter ... Why can't Twitter know who you are when you come on board, so they can eliminate all those people in the public square who are robots and emails and stuff like that?" Dimon remarked. "Why can't they give you a choice of algorithms, as opposed to one that just jazzes you up?"

    Musk and Dimon have clashed for years despite repeated attempts to mend their relationship, according to a report from The Wall Street Journal. However, Dimon offered praise for the Tesla and SpaceX chief executive amid his merger negotiations: "In my view, Elon is very smart."

    Ahead of a trial initially set to begin on October 17, attorneys representing Twitter had contested Musk's rationale for passing on the $44 billion deal by producing text messages he sent to Michael Grimes, an executive at investment bank Morgan Stanley, indicating that he was concerned about macroeconomic conditions stemming from the Russian invasion of Ukraine. "Let's slow down just a few days. Putin speech tomorrow is extremely important," Musk said. "It won't make sense to buy Twitter if we're heading into World War III."

    Beyond his concern about fake accounts, however, Musk has voiced criticism over lackluster support on the platform for free expression. He began his shakeup campaign several months ago with a poll for his millions of followers: "Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle? The consequences of this poll will be important. Please vote carefully."

    Twitter has been known to suspend or entirely remove accounts expressing conservative views, especially over remarks about controversial social issues. Libs of TikTok, a popular account that reposts videos from radical leftist activists, was locked out of Twitter two months ago for a "hateful conduct" warning. The Babylon Bee, a Christian satire website, was suspended earlier this year for mocking transgender Biden administration health official Rachel Levine. Musk had reportedly contacted the outlet's leadership before making his first acquisition offer.

    In recent testimony before the House of Representatives Committee on Financial Services, Dimon similarly advanced a robust view of free speech as a core component of free markets. "We live in the greatest country in the world predicated on foundational beliefs in freedom of speech, freedom of religion, freedom of enterprise, the sanctity of the individual, and the promise of equality and opportunity for all," he asserted. "Free enterprise requires not only the free movement of capital, but more importantly the value of knowledge and free people exercising their rights."
Go Back

Leave a Guest Comment

Your Name or Alias
Your Email Address ( your email address will not be published)
Enter Your Comment ( no code or urls allowed, text only please )

Cancel Mob Seeks To Sack NFL Announcer Aikman Over ‘Misogynistic’ Remark Daily Wire, Guest Editorial, Editorials, Op-Ed & Politics Well, Duh: Majority Of Democrats Now ‘Concerned’ About Biden’s Mental Health, Poll Finds


Latest Op-Ed & Politics

The World Cup courted controversy this week after one of the teams continued racking up an obscene number of points even after it was clear they were already poised to win 1-0.
Rep. Lee Zeldin (R-NY) said Thursday he would “very seriously consider” running for Republican National Committee chair, challenging Ronna McDaniel in her bid for reelection.
FBI Director Christopher Wray admitted Thursday that he left early a Senate oversight hearing in August to go on vacation.
Twenty-four members of the US Men's Soccer team were thrown off the top of the Lusail Stadium today after defying Qatar authorities and wearing LGBTQ+ jerseys on the field. Twenty-four players died in the incident.
Facebook officials said Wednesday that the social media platform has no plans to reinstate the account of former President Donald Trump, despite announcing his bid earlier this week for a second term in the White House in 2024.
Florida Governor Ron DeSantis has a seven point lead over former President Donald Trump in who Republican voters want to see as the party’s 2024 presidential nominee, according to a new poll released this week.
Washington Examiner looks at Biden attack on democracy
shows ideological indoctrination on climate alarmism in schools
Joe Biden is the most popular president in history. You can't throw a rock without hitting someone who voted for him! So, the chances are high that someone you love is a Biden voter.


DailyWire+ has acquired exclusive film and television rights to Ayn Rand’s “Atlas Shrugged,” and will develop a series based on the groundbreaking 1957 novel, company co-CEO Jeremy Boreing announced Thursday.
The Civitas Poll of parents found that parents want controversial books reviewed by committees and objectionable books removed from elementary schools
The Pennsylvania House of Representatives voted on Wednesday to impeach controversial Philadelphia District Attorney Larry Krasner (D-PA).
Individuals and organizations are quitting Twitter in droves to protest Elon Musk's "recklessly violent" decision to reinstate Donald Trump's Twitter account, chief among them the Taliban.
The U.S. Senate this week passed a resolution to terminate the national emergency declared in 2020 in response to the COVID pandemic, but 37 Democrats voted against it.
RALEIGH: Today, Governor Roy Cooper appointed individuals to the Governor's Commission on the Governance of Public Universities in North Carolina.
Remember former first lady Michelle Obama‘s newfound pride in America as her husband was gaining popularity in the 2008 presidential election? Well, it didn’t really last long as she apparently thought Americans were still a bunch of bigots, despite Barack getting elected.
In a break from a long-standing tradition, the White House announced that this year's Thanksgiving turkey would not receive a ceremonial pardon from President Joe Biden after it was discovered that the turkey had attended the riot at the U.S. Capitol on January 6, 2021.
Republican Kari Lake is planning legal challenges to the Arizona election after her projected loss to Democrat candidate and Secretary of State Katie Hobbs.


Back to Top