Breaking — Elon Musk will not join twitter board
(citizenfreepress.com)
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Wonder what's really going on here.
The strong speculation seems to be that if Musk doesn't take a place on the Board, he can buy all the twatter shares he wants without limit.
If he takes a Board seat he is limited to owning a maximum of 14.9% shares of the company.
At any rate, it's very limited what he'll be able to do with 9% ownership share, board seat or not. If his aim is a hostile takeover then NOT taking the board position now is probably the right choice.
One of the suggestions from a Twitter rando was to buy another small slice of Twitter each time Twitter execs defy him.
Corporate stock prices are literally being inflated by capital companies like Blackrock who have instituted a corporate social credit system. Twitter is the way it is exactly because of that. https://thefederalist.com/2021/10/22/how-global-capitals-social-credit-systems-force-corporate-america-to-lurch-left/
I'm not sure how owning Twitter is going to financially benefit him if he structures Twitter to be in conflict of Blackrock's social credit directives.
I suppose he must have decided that he can already communicate his requirements to his new employees, albeit in a very public fashion that they are sure to find humiliating, and giving himself the option of purchasing more and more of one of the Left's sacred cows if they resist must also irk them considerably. He's got the money to back it up too, so everybody knows it's a credible threat.
That's what it looks like to me.
Trump used twitter to circumvent the media. Elon can use it to circumvent to the board room.
Elon just investes 3 billions and got a return of 810 millions in just one week.
maybe the State Department asked him to stop buying pieces of the government or the FAA will fuck SpaceX raw
The FAA is already screwing SpaceX. They put off the Environmental Assessment for their Boca Chica operations another month. And at the end of that month they will put it off again, just like the last three times. They will make sure that Starship does not launch before the Senate Lunch System. They even have Bernie Sanders attacking SpaceX again.
Conspiracy theory: This entire play at buying twatter was a gambit to get them to stop messing with his launches. He knows the DS wants to keep control of an important asset in their campaign of social manipulation (hence why they don't care about profits) so he signaled his intention to take that asset. Messages were exchanged behind the scenes. The environmental assessment will be put back on the fast track. He'll leave their toy alone for the time being.
I know it's a ridiculous idea. Just wanted to put it out there before I forgot.
he should just launch. what are they gonna do, shoot it down?
They would stop all SpaceX operations and prevent him from moving them overseas with ITAR. Sanders and Biden are salivating for that opportunity.
He's going to make ID/payment mandatory for Twitter. That's not a win ultimately.
He only discussed it in terms of getting a verified blue checkmark. That would be better than the current system where they arbitrarily decide who gets one or who loses it for no reason. You might also have to be verified to reply to a tweet, but that's less likely.
I can't remember who but someone said that he didn't take the position possibly because any changes done to Twitter that the community as a whole hate could be blamed on him or something along those lines.
He's a fun type of controlled opposition isn't he. Pretends to "stick it to the man" while getting funding from the feds. It's great. More space, tunnels underground and drama.
Nah, by corporate rules, if he wants to join the board, he can’t buy more than 15%. This makes sense if he wants to buy the majority of it and own it outright.
Surprised Pikachu face.
I’m sure all the whitepilled dummies are embarrassed after all their yipping and yaying over the non-story of Musk buying a very small stake in Google.
I guess we’ll just have to wait another week for the next thing to blindly put our faith into and enjoy the never ending click bait videos from the Quarterings and JosiahRisings of YouTube.
“Society will change this time guys, you just gotta BELIEVE!!”
This is kinda disappointing, I was looking forward to the large amount of salt this would have provided.