What recourse has the Twitter shareholder been given? Jack Dorsey intentionally and willfully torpedoed his own company. But it’s not his to do that with anymore. It belongs to millions of people owning those 751 million shares. In discussing with legal experts all of us who have been impacted negatively would be wise to form the largest class action suit in history. And if you’re an attorney who is bold enough to step forward to do so, let’s start the conversation, it’s time to save free speech. And we can start by holding Jack accountable https://townhall.com/columnists/kevinmccullough/2021/01/17/sue-jack-save-freedom-n2583257 The Twitter ceo and part owner by his actions have damaged the financial strength of the company. He has a fiduciary responsibility to his shareholders to make a profit and to get positive returns on people’s investment in his company. By banning its most followed user and seeing the departure of so many of that users followers be deprived retirees and savers for health savings plans, educational IRA’s , savers for future retirement, and financial institutions like mutual funds of a return on their investment that was virtually certain before his reckless and vindictive actions.
Let’s all sign up even if we have only a share of a mutual fund that has Twitter as a part of its portfolio and find willing lawyers to bring a class action lawsuit against the CEO on fiduciary responsibility issues regarding the Trump ban and the resulting 7 billion in lost market capitalization.
Why would a CEO torpedo his own company (Twitter) by banning its most popular member unless they were shorting the company stock? I call insider trading going on here.
7 billion in market capitalization is a huge hit and the company had to buy back a lot of its own stock just to prop up the valuation and eating away cash reserves.
And - lots of NASDAQ stocks have dropped much more than that in the last 5 months. But have fun with your class action - it will cost some single mothers and families jobs if the company goes under ... I guess that's your real hope - to damage lives for petty revenge.
