Posted on 04/04/2022 4:14:18 AM PDT by LesbianThespianGymnasticMidget
How exactly is owning a 9% share of Twitter stock a “passive” stake? Isn’t there still 91% of Twitter owned by others?
Dang, he’s already doubled his money and he hasn’t even really done anything yet. I hope he dumps all his shares and then buys back at the low. Do that a few times, until the price stabilizes and he knows what the real value of the stock is.
Why do this?
Would be better for him to have launched his own more free Twitter equipment, but then he doesn’t have the time I suppose, since he’s already running two mega companies plus another two or three smaller ones.
Ah well.
Not enough to get any directors elected?
But surely enough to earn him a quick profit for today. Maybe instructed to buy so as to restore the “credibility” and value of our intel agency and others’ investment in the mass influence property?
I don’t understand how this works. If he owned 50.1%, I get it, but not 9%.
For sure a profit. App. 28% today alone.
Yes but does any one individual own 9% or more of of Twitter? I don't know.
Not sure, but I’d think @Jack owns a sizeable chunk.
If Musk gets enough shares he can influence/control voting and fire anti free speech management.
9% so far....and it's probably enough to land him a seat on the Board of Directors.
He needs to take control, then merge with Trump’s new social media company.
Elon Musk becomes Twitter's largest shareholder
Per Bloomberg data, Musk's 9.2 per cent Twitter stake would make him the largest shareholder in the company. Notably it's more than quadruple the 2.25 per cent position of founder Jack Dorsey.”
https://www.ft.com/content/29b9c884-02d7-4d1c-a4ab-c862242fa76e
Whoa. That’s a surprise. So I guess his 9% can control the Board?
See #14.
Musk now owns more than FOUR times as many Twitter shares as Dorsey.
I am uder the impression it is a 10% threshold for an automatic board seat. This keeps right under the SEC threshold.
immediately sell, take the profit, and then announce he is launching a new platform, and further drive the stock into the ground.
Trump’s company sucks. Why can’t conservatives learn about scaled data hosting?
He can’t control the board with 9% no.
But he can weld some influence as the biggest individual share holder.
Plus some analysts on CNBC this morning think he will buy some more shares. That’s why it’s up 25% this morning.
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