According to O’Leary, the entire Twitter board should be fired immediately and changes are drastically needed because the company has been the “most miserable investment” in the tech market, and it’s directly related to their woke censorship practices, to boot.
From O’Leary’s appearance on MSNBC’s Squawk Box this week:
“It’s horrific what this company has done to their shareholders. I weep like a baby for them. I wouldn’t touch this stock. However, if Elon Musk gave me a piece of the deal … I’d back him because of executional performance on everything he touches.
The rest of this board and those employees have done a horrifically bad job. I think they should be fired.”
In other words, as Mr. Wonderful frequently puts it, “take this thing behind the barn and shoot it.”
That is… unless Musk steps in and takes over the reins. He may be the only person who can right this sinking ship, according to the billionaire investor. After all, the Twitter board as it sits now has had almost 10 years to make a profit, so it’s time to go.
The company’s stock value has only risen minimally since its introduction in 2013. At the close of markets last week, Twitter’s stock was at 45.08, less than $4 above its initial price of $41.65 – which is abysmal growth over nearly a decade, especially in tech.
“This is the most miserable investment you could have put your dollars into in social media. It has totally lagged all its other competitors… [The reason] this thing has underperformed is [because] they’ve tried to do this curation by canceling voices and losing millions of followers.”