“Elon Musk has been bumped off the perch as Twitter’s largest shareholder: Asset manager Vanguard Group recently upped its stake in the social-media platform and now owns 82.4 million shares of Twitter, or 10.3% of the company.”
https://twitter.com/WSJ/status/1514674876942069772
Vanguard might face some investor lawsuits for not grabbing that huge profit. Someone will find a route.
Elon has offered $54.20
If they don’t accept,’ the board has to explain to shareholders’ how it will make them more money.
Elon will sell his shares
The price tanks to $15
Elon makes a new offer at a much lower price.
As for KHC:
“Hours later, Musk responded with what seemed to be a jab at Saudi Arabia's free speech and human rights record.
“Interesting. Just two questions, if I may,” Musk replied to the prince. “How much of Twitter does the Kingdom own, directly & indirectly? What are the Kingdom's views on journalistic freedom of speech?”
Saudi Arabia frequently surveils and arrests journalists, according to Reporters Without Borders, which ranks the country as one of the worst in the world for press freedom. And the brutal murder of Washington Post journalist Jamal Khashoggi was personally approved by Saudi Arabia's Crown Prince Muhammad bin Salman, according to US intelligence”