They probably gave him a hard time about asking if Twitter was dying.
Disappointing.
It was the first thing I thought of when I heard he bought that stock.
I still like Elon’s idea of converting Twitter headquarters into a homeless shelter. Remote workers don’t need their cubicles anymore and cubicle condos for the homeless has a nice ring to it, especially if they come with a hot plate and a healthy helping of free speech.
If I were Twitterpaters I would be panicking about now.
By being on the board, they were restricting him from owning something like 12.5%. (He owns 9%) No off the board, he has no restrictions. Power play.
I suspect he could easily obtain another 15% in the next 45 days and that controlling interest will be about the 24% range. Considering the institutional holders of the stock, he also has well over 25% in play there too.
What happens to the stock price if there is a hostile takeover?
Actually, IMHO, it’s a smart move by Musk.
It now frees him to buy the whole stinkin’ outfit IF he sees fit.
As posted above, he can buy another 45%, then fire the whole damn communist bunch, appoint a new board to his liking and completely remake/shape it into whatever he sits fit.
Welcome to America, commies.
If Musk were to be on the Board, he would NOT be able to SAY ANYTHING...this is a smart move
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