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Why Elon Musk’s about-face on Twitter board seat sets up ‘Game of Thrones’ battle
nypost ^ | 4/11/2022 | thomas barrabi

Posted on 04/11/2022 7:10:44 PM PDT by bitt

Elon Musk’s decision to reject a seat on Twitter’s board of directors could set up a “Game of Thrones”-style battle over the social media platform’s future in the coming days, according to a prominent analyst.

Twitter CEO Parag Agrawal said Musk backed out of an agreement to take a board seat on Saturday, the same day his appointment was set to become official.

The reversal likely stemmed from a dispute between Musk and Twitter over how the billionaire could discuss the company’s activities in public — and more trouble lies ahead, according to Wedbush analyst Daniel Ives.

“This now goes from a Cinderella story with Musk joining the Twitter board and keeping his stake under 14.9% helping move Twitter strategically forward to likely a ‘Game of Thrones’ battle between Musk and Twitter with the high likelihood that Elon takes a more hostile stance towards Twitter and further builds his active stake in the company,” Ives said in a note to investors.

Musk, who is Twitter’s largest individual shareholder following his acquisition of a roughly 9% stake in the company, would have been prevented from acquiring more than 14.9% of the company had he joined the board, Ives noted.

By reneging on the agreement, Musk is no longer subject to that limit – meaning he can acquire even more influence by snapping up more shares.

The announcement came after Musk spent the weekend critiquing Twitter on his account, suggesting the platform might be “dying” and posting a now-deleted poll asking if the company should change its name.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; Politics/Elections
KEYWORDS: agrawal; bigtech; elonmusk; internet; musk; paragagrawal; socialmedia; spacex; starlink; tesla; twitter
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To: bitt
So if he became a board member, his ownership would be limited.

I'd say he wanted to KNOW absolutely...and found out...it could do more and acquire more if he was NOT a Board Member. I think he beat them at their own game.

We shall see...He's got something in mind for sure.

21 posted on 04/11/2022 9:33:09 PM PDT by Sacajaweau ( )
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To: Fester Chugabrew

You are going to ban a 9.2% owner, the biggest individual shareholder and the richest man in the world?
How do you think that will work out?


22 posted on 04/12/2022 12:15:40 AM PDT by SmokingJoe
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To: usconservative
My money is on cashing out at a nice profit and moving onto something else.

And just why would he do that?

23 posted on 04/12/2022 12:19:57 AM PDT by SmokingJoe
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To: bitt

Bfl


24 posted on 04/12/2022 1:57:14 AM PDT by RoosterRedux
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To: SmokingJoe

You are going to ban a 9.2% owner, the biggest individual shareholder and the richest man in the world?
How do you think that will work out?


If it means staying on message with the leftist agenda and preventing contrary discourse, why not throw shade on the man? It’s not as if 9.2% is the whole enchilada. Take his investment substance and ban him. Its the Dem way.


25 posted on 04/12/2022 2:32:36 AM PDT by Fester Chugabrew ("Poets have been mysteriously silent on the subject of cheese." -G.K. Chesterton)
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To: ctdonath2

May I ask what forms of retribution Musk may have if they cancel him? Why should the balance of Twatter care when their core values of leftism and censorship are at stake?


26 posted on 04/12/2022 2:37:04 AM PDT by Fester Chugabrew ("Poets have been mysteriously silent on the subject of cheese." -G.K. Chesterton)
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To: Fester Chugabrew

Then he buys another 42% of Twitter giving him over 50% and control of Twitter, kicks out the crazy Indian and his far left cohorts and brings free speech to Twitter.
How will the “Dem way” work out then?


27 posted on 04/12/2022 3:00:15 AM PDT by SmokingJoe
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To: Fester Chugabrew
May I ask what forms of retribution Musk may have if they cancel him?

Musk takes over Twitter, which is really not worth much and kicks out the left wing lunatics?

Why should the balance of Twatter care when their core values of leftism and censorship are at stake?

How many shares do Agrawal and his far left crazies own?

28 posted on 04/12/2022 3:10:32 AM PDT by SmokingJoe
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To: SmokingJoe

Until Musk owns the place, I see no reason he would not be at their mercy just like everyone else.

A publicly traded platform like Twatter should be *required* to maintain a cesspool of free speech; a nice punch bowl of verbiage, turds and all, just like public schools should be required to permit every kind of teaching. Hence, as it turns out, publicly owned entities are by nature mediocre at best.

I prefer the excellence found in privately owned, moderated speech forums like this one, zots and all.


29 posted on 04/12/2022 3:47:55 AM PDT by Fester Chugabrew ("Poets have been mysteriously silent on the subject of cheese." -G.K. Chesterton)
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To: Fester Chugabrew
Until Musk owns the place, I see no reason he would not be at their mercy just like everyone else.

Musk owns only 20% of Tesla, and sill totally controls the company.
And Musk is not “everyone else”. He owns 9.2% of the company Twitter, is the richest man by far on the planet, the world's greatest entrepreneur and has the wherewithal to take over Twitter whenever he wants. He can and will strike back if necessarily.

30 posted on 04/12/2022 3:58:57 AM PDT by SmokingJoe
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To: SmokingJoe

I get that, but from a simply practical, functional perspective, is he not subject to censorship in this platform? Are there not elements holding a different stake who see nothing to loose in silencing Musk?


31 posted on 04/12/2022 4:23:23 AM PDT by Fester Chugabrew ("Poets have been mysteriously silent on the subject of cheese." -G.K. Chesterton)
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To: SmokingJoe
And just why would he do that?

Because he can.

32 posted on 04/12/2022 4:30:13 AM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: Fester Chugabrew
Are there not elements holding a different stake who see nothing to loose in silencing Musk?

Of course there are.
Plenty of Kamikaze far left crazies working in censorship department of Twitter who are eager to strap on suicide vests and bow everything up and damn the consequences.
Fortunately, those people don't control the world . The world doesn't work that way.

33 posted on 04/12/2022 4:42:17 AM PDT by SmokingJoe
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To: usconservative
Just because you can do something doesn't mean you will, if its against your interest.
34 posted on 04/12/2022 4:44:33 AM PDT by SmokingJoe
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To: bitt

Elon Musk: “I hated the company so much that i bought it!”


35 posted on 04/12/2022 4:45:57 AM PDT by catnipman (In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
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To: catnipman

Musk actually generates more activity on his Twitter handle than almost everyone else.
He just doesn’t like the censorship as he made clear before he bought shares in the company.


36 posted on 04/12/2022 4:49:42 AM PDT by SmokingJoe
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To: SmokingJoe

How exactly is cashing in and making money against Elon Musk’s self interest?


37 posted on 04/12/2022 4:50:29 AM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: usconservative
Does Elon Musk look like he really needs an extra $1 Billion or less on top of his close to $300 Billion?
You totally miss the real reason he bought Twitter shares.
Hint: It had nothing to do with making an extra $1 Billion.
38 posted on 04/12/2022 5:13:33 AM PDT by SmokingJoe
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To: kvanbrunt2

And it is nice to see very wealthy people enter the fray for freedom.


Musk is not only “very wealth”, he’s the wealthiest person in the world and on track to be the first trillionaire.


39 posted on 04/12/2022 5:53:19 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: bitt

Musk LOVES trolling on Twitter, he had a poll asking about turning Twitter HQ into homeless shelter, Bezos chimed in and LOVES the idea, needless to say you know the CEO at Twitter head is exploding, gotta love this guy, he is like a BIG CAT with a new mouse to play with!!!


40 posted on 04/12/2022 5:59:16 AM PDT by Trump Girl Kit Cat (Yosemite Sam raising hel)
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