On Monday, Kevin O’Leary of the hit long-running show Shark Tank was asked for his opinion on Twitter and the possibility of Elon Musk taking over and taking the company private.
O’Leary didn’t waste time however as he slammed Twitter in its current state and commented on the last decade of leadership at the website failing to bring the company to profitability.
Why not start over? Why not let Musk have his shot at controlling Twitter? O’Leary questioned in his segment. He pointed out that if the board were to succeed at getting Musk to go away they would be at the same place they are today. O’Leary is all for getting rid of everyone at Twitter and starting over.
At one point in the video below O’Leary said, “You know there’s Daunte’s Hell, at the very bottom of that is Twitter. This has been a horrific place to try and grow a business, it needs change, it needs the whacking stick, it needs everybody cleaned out of there. And I think frankly if you ask me about free speech and who should be canceled and who’s not, the reason this thing is underperformed is they’ve tried to do this titration by canceling voices and losing millions of followers.”
CNBC host Andrew Ross Sorkin, pushed back on O’Leary’s free speech angle, claiming if there was more free speech social media would be “littered with pornography.” (Which is already allowed and promoted on Twitter.) He continued, “would be littered with snuff films, would be littered with terrible language.” Sorkin goes on to try to make the point that it would be even worse.
O’Leary pointed out, “all of that already exists on the internet, in an uncurated way and people seem to be surviving.”
He continued, “now when you start trying to figure out who should have a voice and who shouldn’t you’re stepping on the basic principles of free speech in America and that really doesn’t sit well with the majority of the population”.
Sorkin again pushed back, claiming that everyone has the right to voice their opinion, but how many people should see it?
O’Leary then pointed out, “the cost of free speech, the cost to society is allowing the lunatic fringe to have a voice and that’s always been the case back to when they were writing newspapers by hand. You gotta get over that Andrew, you have to realize that the lunatic fringe has a voice.”
Sorkin decried, “I don’t like my kids seeing pornography, I don’t want my kids seeing foul language.” O’Leary retorts by asking why platforms haven’t put the tools in place for parents to block those sorts of things.
O’Leary stated he wouldn’t touch the stock, but he would back Musk if he was given part of the deal because of his performance with all of his other companies.
O’Leary is one of many investors who sees Musk’s proposition to take over Twitter as really the only path forward for the company. The board at Twitter however seems to want to cling to their well-paying part-time jobs, even to the detriment of its investors.
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