. >> roger, where do you think jack dorsey is in the equation? calling it on the singular solution to twitter that he trusts. the two are friends. jack was involved according to the merger document in the negotiations in terms of getting elon musk to kind of think about taking up the scene and obviously looking to divide the company. you met, obviously, tons of entrepreneurs in silicon valley. >> i don't honestly know and i think part of the problem here is that twitter has been a company so insular that really good ideas exist out of the marketplace like scott galloway's, and never penetrate the board and really get serious discussion and the result is that you get a lot of people that are friends with each other that are more or less playing at the executives. jack dorsey had a full-time job at another company, at another public company while he was ceo of twitter and elon musk has god knows how many companies. and to my mind, a company like twitter deserves the full attention that people engaged on it and the company hasn't had that for many y

jack dorsey wright, one of the co founders of twitter, who thinks he'd be great for it, so i honestly know. okay last question here kind of a two part or do you see another buyer possibly stepping up? and do you think that ellen will face any type of implications with the sec. yeah so i will never say never to anything because lord knows following the business world and especially tech. crazier things have happened, but with the market down, it's hard to believe that twitter is worth $44 billion to someone else, so that's number one. for the other thing. the sec is definitely going to one point need to get involved on some level because this is setting an unusual precedent, right being able to essentially try and buy a company. waive your rights to learn all the information about it, then trash the company and try and back out of the deal that could be terrible in another situation, i mean, a lot of people argue it's trash twitter, and it's made the company unworkable in the future . so i'm really curious to see where the government will eventually say, hey, wait a minute. this is not

i think jack dorsey the founder who just recently stepped down at ceo, was well aware of it. and some of his statements, certainly over the years, suggests that he, he was, you don't try to put a brave face on. but he knew exactly what was going on, and i think the current leadership, he's just trying to basically make it, they'll go through it for financial reasons. they don't actually want, must control the company. but there don't have much choice in terms of finances because they're in the really top shape. their, their stocks are going down their, their revenue is dropping. essentially, people are getting tired of twitter because they're investing centers here. the same kind of censorship, the twitter insist is not actually happening, even though everybody else can see it with their own eyes, right. it's not being leveled on an even playing field. that's for sure. now, some countries that allegedly conduct manipulative information campaigns online, they actually justify them as being vital to countering terrorism and extremism. what do you think about that approach? well

what is fundamentally responsible for the transcendences like mark zuckerberg and jack dorsey creating and what are the roots that go beyond it. >> the first point that you made i am no better at age 15 the month of millennial's than you were. if i had these tools i would be. doing the same thing i already knew it all. i did not need to learn anything. it.t i don't what to listen to my parents or some guy with a round face and a mustache walter talking about watergate, come on but that wasn't the only screen in the house there was another screen for me to check into. there was only one phone in the house we did not have the landline. you put your finger and entering seven times it was not private it was in the kitchen if i wanted to mumble my way into a date. i was in comfortable being around my older sister my parents. but i could not go to my room. this is not about the moral superiority of over generations we did not have the tools to go without a lessons to maintain our. pressure youth culture adult stuff filtered into my life whether i wanted it or not. the big question about the

back in 2020, elliott took a $1 billion stake in twitter, pushing jack dorsey out as ceo, in an attemptlock value. the difference between the twitter case on the pinterest case is that ben silverman has an almost 80% voting stake in the company, which would limit the ability to make changes and expand into e-commerce. >>> that is a key difference. you wonder what is going on here? >> everything, the founder of the company that has a kind of voting stake would be welcome to any ideas to increase shareholder value, right? what could elliott do here? could a larger technology player with a big at base by them? not from the regulatory stand base. when you look at where the stock closed, 23% of the market capital is cash. there is no debt. perhaps a private equity company would look to buy this to lever it up a bit. i think this makes sense. would this be a great deal for walmart to compete with amazon? you don't generally see this kind of action with the stock that has been down so much. i am all for it. >> we make the assumption that it is hostile. it may not be at all. then board seats wi

it's a company that has really been on sale for a long time, at least that's with the former ceo jack dorsey has said, probably because of the ownership structure, and partly because it has not been as successful as the likes of facebook or tiktok. there is a lot of people to look at it and say there's a lot of potential here. it is really not meeting its potential. we really think of it is having more reach, in part because journalists like you and i are out on, their politicians. it bunches above its weight in the pop culture. but as of business is still pretty small. >> tim hagan, thank you so much, good to talk to. still ahead everybody, how a small overseas company is becoming one of the most important pieces in the fight for abortion accessibility as we take a live look at a pro abortion rights rally in washington, d.c.. life inside a russian prison. the father of trevor reed, who was locked up for years there, on the horrifying conditions that britney griner is likely experiencing, now is efforts to free his son has provided a -- four grannis family. we'll be right back. provided kevi

fighting over it, you know, the founders, who was going to be in charge, now none of them want it, jack dorsey is l like, i would rather do bitcoin or block or square, or whatever you want to call it, i would rather do that than twitter. if this case does get expedited, there's increased pressure on elon to settle, but if it doesn't, there's increased pressure on twitter to settle, right? what's really getting decided here is who's getting squeezed harder over the next couple of months >> that's exactly right. which is why i go back to, i think this pretty much is a binary outcome either assist lower pricefor elon or it's a breakup fee that's a higher breakup fee than the $1 billion you know, i just don't see the courts pushing elon to actually go through the deal. he would take this thing and hire the best lawyers. he's already got scatten so he's not going to get forced into a corner to do something that he doesn't want to do, other than pay a higher breakup fee. >> well, we'll see what having billions of dollars in lawyers can get you in this situation. eli, lo, thank you >> thank you >>> w

that means jack dorsey and and all the other guys that are running, have run twitter can go to jail.o be the true. >> if that can be proven. if it's wrong, right, if elon is wrong, a federal judge, if he's just making this up and, you know, remember, he waived due diligence. he said last and final offer, he didn't do anything prebidding to basically back up his claim. howard: right. >> if he is -- and if they're right about the bots being 5%, a federal judge could make him buy this deal at the agreed-upon, at the price he put up, $54.20 which was $44 billion, and if he says no to that, if he depies the coater order -- defies the court order, he goes to jail. which he has done in the past -- [inaudible conversations] howard: i've got to ask you this last question. [laughter] obviously, he wants to lower the price because twitter's stock went down about 30% making it much more expensive, and maybe he thought they would agree to that kind of deal. and the stock went down again after he said he's backing out. won't the company be able to make the case that elon musk has devastated its fi

way far outside there's a lot of evidence against this, it just looks like he cozied up to jack, jack dorsey all this news broke they're both quoted giving town halls and speaking and kinda being friendly to each other and then they started the same topic points about free public square free speech. the more that came out the more he started with this obit this, over that. just wonder if there's something there. maybe there is maybe there isn't. you've got to think of a guy smart enough to offer millions of dollars to buy out a company may be like knowing there could be box on it is something you would know on the front end. so i give up due diligence? >> we do have a statement from elon musk attorney. it reads quote twitter has failed and refused to provide this information. sometimes twitter has ignored mr. musk's request but sometimes it has rejected them for reasons that appear to be unjustified. and sometimes it has climbed to comply at will giving mr. musk incomplete or unusable information. nicole this is the weirdest tug-of-war. >> it is tit-for-tat with the world's richest man proba

. >> twitter's former ceo jack dorsey endorsed this thing three months ago >> he did.ou know, it's not the worst idea in the world. he might have been a very good owner. but you know, these antics are just not -- he did a very good job at the beginning getting a hold of it the problem is the price went down the stock's prices went down including for tesla. he actually managed to sell a lot of tesla stock at a pretty high price so that's a good thing for him but you know, tech prices are down so the market changed. it's like the real estate market, if you overbid for a house and then the market crashes you still have to buy that house i don't know if the court will make him, though that's a big deal. settlement would be the best thing for everybody. and then everybody just says, you know, bygones and moves along i think probably >> do you see a chance that any other buyer might swoop in and take over twitter? >> it depends on the price it depends on the price of twitter. it's a very -- it's not a very big business and it's not a very good business, which is one thing. b

discussion and private meetings with the likes of mark zuckerberg of facebook, elon musk of tesla and jack dorseytter. minister abe was courageous and energetic man , dr dan okimoto with the silicon valley japan platform helped to organize is abe's visit here. and says it was a game changer for japan. so the message that is sent to japan, which was covered by all the mass media was that, um silicon valley is the key to japan's future also held discussions with the gladstone institutes, which is an independent, nonprofit life sciences research organization, partnering with ucsf. and he met in palo alto with researchers and other dignitaries at stanford, which was also part of his tour here in 2015, doctor okimoto says he does not have any doubt that prime minister abe's interest in silicon valley has helped the tech relationships on both sides of the pacific. he was a real pioneer in, um, attempting new policies that would reshape japan, um in the 21st century while he was here are also announced what he called a bridge of innovation between silicon valley in japan. the idea was to become familiar

is it the technology that millennials like mark zuckerberg and jack dorsey created or you know, what are the roots that go beyond it? well, let me think just about about that. first point that you made. i'm no better at age 15 than the millennials and then you work if i had these tools i'd be doing the same thing. i already knew it all when i was 16. i don't need to learn anything. i i got it and i don't want to listen to my parents or some some guy with a round face and a mustache named walter talking about watergate. oh come on, but that wasn't the only screen in the house. there wasn't another screen for me to check into there was only one phone in the house. we didn't have the term landline and it had a cord it had a cord you had to put your finger and you know turned seven times and it wasn't private. it was in the kitchen if i want to call a girl and try to mumble my way through stumble my way into into a date. and i didn't you know as uncomfortable being being around with my older sister my parents around yuck. but i so i couldn't go to my room. so this is not about the the mo

discussion and private meetings with the likes of mark zuckerberg of facebook, elon musk of tesla and jack dorsey of twitter. minister abe was courageous and energetic man. dr dan okimoto with the silicon valley japan platform helped to organize abe's visit here and says it was a game changer for japan. so the message that is sent to japan, which was covered by all the mass media, was that um, silicon valley is the kid to japan's future also held discussions with the gladstone institutes and independent nonprofit life sciences research organization affiliated with ucsf. these photos provided by gladstone show a b during a meeting with researchers and other leaders at stanford, which was also part of the tour here in 2015. dr okimoto says he does not have any doubt that prime minister abe's interest in silicon valley has helped tech relationships on both sides of the pacific. he was a real pioneer in, um, attempting new policies that would reshape japan. um, in the 21st century. now while he was here a by announced what he called a bridge of innovation between silicon valley in japan , and dr okim

that means, everybody, from jack dorsey to the current management lied. they face serious securities fraud issues if they put out the wrong information, because bots, you know, that's how investors sort of gauge the business, and trade the stock. they want to know how many real active users there are and if they are much more than 5% materially more, as musk says, twitter's in big trouble, so remember, the stakes here are enormous for both sides. then i guess the question is, do cooler heads prevail and do they settle somewhere in the middle and it's going to be more than the billion dollar breakup fee because remember the billion dollar breakup fee, lauren, coming into play if somehow, there's some normal thing that can't complete the deal, that musk can't come up with the debt financing or something along those lines. he's charging something, he's looking to breakup based on what he's saying is like fraud. they're saying you're lying. therefore the damages here are going to be off the charts so that's why a lot of people think they go somewhere in the m

discussion and private meetings with the likes of mark zuckerberg of facebook, elon musk of tesla and jack dorsey of twitter. minister abe was courageous and energetic man. dr dan okimoto with the silicon valley japan platform helped to organize abe's visit here and says it was a game changer for japan. so the message that is sent to japan, which was covered by all the mass media, was that um, silicon valley is the key to japan's future also held discussions with the gladstone institutes, which is an independent, nonprofit life sciences research organization. partnering with ucsf. and he met in palo alto with researchers and other dignitaries at stanford, which was also part of his tour here in 2015, doctor okimoto says he does not have any doubt that prime minister abe's interest in silicon valley has helped the tech relationships on both sides of the pacific. he was a real pioneer in, um, attempting new policies that would reshape japan, um in the 21st century while he was here are also announced what he called a bridge of innovation between silicon valley in japan. the idea was to become famil

rachel: the former ceo jack dorsey.of requests and information, almost like they teamed up, made the i need to ask these questions. why putter $100 bid into the world and not have a question in mind. rachel: jack went to elon and said look here, look there. pete: will he buy or will he not? sounds like he may not, two months ago he made the attempt. this is the letter, nearly two months mr. musk sought data and information to make independent assessment of fake or spam accounts on the platform, refused to provide this information, twitter has ignored mr. musk's requests are rejected them for reasons that appear unjustified. or giving him incomplete or unusable information. the chair of twitter's board replied in a tweet, which is the way twitter would officially reply, the twitter borders committed to closing on what was agreed upon and will enforce the merger agreement. interesting the stock price was $51, the offer was it 54 and today twitter app stock price is around 30. could that have something to do with it as wel

social media name in 2020 it snagged a position in twitter and pushed for the depap tour of then ceo jack dorseysilverman of pinterest stepped down as ceo in june and replaced by google's head of commerce >>> meantime, we'll talk some oil prices this morning as wti does rebound a bit here. still on pace for the fourth negative week in five. and the president prepares to touch down in saudi arabia by the way, gas prices now down 31 days straight, says gas buddy. one of the largest monthly declines on record dow's up 550 this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. >>> good morning here's you're cnbc news update at this hour the house is scheduled to vote on two bills to protection abortion rights in the wake of the supreme court's roe versus wade ruling. l

the president had people like elon musk and zuckerberg and jack dorsey come to him when he was presidentbecause of the position he occupied. since then a lot of those folks have turned on the president. he doesn't like that. you know prefers loyalty and folks that when they say one thing to his face they follow through, you know, behind his back. in this case i think elon has been very critical of donald trump. now elon musk also suggested that the left has moved so far away from where he stands that he is now comfortably in the conservative wing of american politics and i say welcome. neil: very judiciously answered. i appreciate that. matt, thank you very much. good seeing you again. matt whitaker, former trump administration acting attorney general. some developments from across the pond i want to search with you in a search for a successor to boris johnson, soon to be former prime minister of great britain. right now the inside track seems to be going to ritchie sunak topping first round of monitories, conservative party if you will. he was chancellor of the exchequer equivalent of p

that means jack dorsey, costello, forget the other ceo's name, the dude that's running it now, they all hiding the football here on these bots. that is pretty amazing. and who knows what happens to the stock. i still think the stock without elon is it has a 20 in the number. we're heading that way noun. okay, let's just say if twitter prevails, musk is going to have to come up with $44 billion at a time when his currency for that money is a declining asset named twitter -- tesla. sorry. [laughter] neil: you're right. >> i get mixed up. and if he says no, and a lot of people are speculating what happens if he just says no, what are they going to do about it? well, guess what? if you defy a court order, and i bounced this off none other than john coffey, preeminent corporate law expert, he could go to jail if you say no to a court order. neil: what's the most he would have to pay, charlie? so the chief executive officer right now, he's demanding you made a commitment, elon musk, to buy this company. you've damn well got to buy it. now, he was this billion dollar break-up fee, but you argu

the last social media company they bought into, twitter, a few years ago, and they wanted to get jack dorseyy dorsey did leave last year, the company, not sure about its tie to elliott but they also forced twitter to buyback $2 billion worth of its shares, and that's when twitter actually hit some pretty strong multi-year highs. now speaking of social media talking about meta and trying to fend off the tik tok competition so new features rolling out on instagram and that includes a subscription model, subscription features for content producers, so they can group chat with 30 or more of their followers also get exclusive and first content before other people but you have to pay a monthly fee, of course. ashley: a-ha. let's take a look at netflix, ubs just gave them a huge price target cut, right? >> i think it's probably more realistic 198 is what ubs is calling stock. remember that netflix and this might blow your mind but it was worth close to $700 at its peak last year and now trading at 178. so look, you mentioned that netflix is set to report results on tuesday and they have already gui