Breaking — Elon Musk will not join twitter board
(citizenfreepress.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (22)
sorted by:
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.