#BuyTwitter is going up for a vote – help us win!
Mar 29, 2017 — Great news, birdies:
Thanks to you, Twitter has a chance to become a user-owned co-op. Imagine the "people's news network" becoming democratically owned!
In April and May, Twitter shareholders will be voting on our resolution: to study the advantages of converting to democratic ownership. They will call the vote at the annual meeting at Twitter HQ on May 24th or 25th. Most votes will be made via proxy, especially for shareholders that have a large amount of stock in Twitter.
How can we win this? We need to get the word out to major shareholders about the value of voting Yes.
We’ll focus on a few big shareholders like the California pension fund, which value democratic ownership. If over 50% of shareholders vote Yes on our proposal, we win! And if we want to be able to make a stronger proposal for 2018, we need at least 3% of their votes.
If our proposal passes, Twitter will commission a report to consider a transition to a more equitable kind of shared ownership, something like the models that have made the Green Bay Packers, REI, and the Associated Press so popular, profitable, and trustworthy. This analysis gives shareholders insight into the business advantages of democratic user ownership for Twitter, and may eventually lead to Twitter becoming a co-op!
Want to help us win? Here’s how to get involved:
1) Follow https://twitter.com/BuyThisPlatform
2) Tweet your vision for a user-owned Twitter via https://twitter.com/intent/tweet?text=[your%20vision%20here]%20%23WeAreTwitter%20%23BuyTwitter
3) Become a shareholder! You can attend the annual meeting at Twitter HQ, and vote! Buy at least one share of Twitter stock from a stockbroker, or take 5 minutes on www.robinhood.com or www.loyal3.com. Note: to the best of our knowledge, the deadline to buy stock and be counted as a shareholder is March 30th.
Want to get more involved? That’s great! This campaign goes live on Monday, April 10th. We need help building a new website, writing fresh analysis supporting our proposal, and getting featured in press and media. Please join our organizing group for a call on Wednesday, March 29th at 10am Pacific Time – RSVP at https://goo.gl/forms/36Bewf2Y64Wm2Wux2.
Questions? Join us on Loomio loomio.org/g/PKBSd1xn/buy-twitter or email firstname.lastname@example.org.
Our small group of volunteer organizers has come a long way to get here. Thank you for helping us get this far.
Maira Sutton and everyone at #WeAreTwitter
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