Why doesn’t Twatter use its almighty power to delete, suspend, and ban Musk at will?
Won’t stop him from buying more shares, and since he’s not on the board, he can use his shares to tank the stock price at any time.
Musk has near 10% of stock. That’s a lot of voting influence. Considering his extreme popularity and business savvy, I’d expect another large % of shareholders either follow his lead or are inclined his way. Given how many shareholders won’t vote, that’s massive influence - which includes lots of room for retribution if they try to cancel him.
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?