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:
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.
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.