Posted on 04/14/2022 9:42:59 PM PDT by yesthatjallen
Vanguard group, an asset management company, becomes largest shareholder of Twitter, according to latest SEC data.
Musk's bid gets rejected by Saudi Arabia's Kingdom Holding Company (KHC). They own a 5.2 per cent stake.
Musk responds to Saudi Arabia's KHC by asking how much Saudi Arabia owns directly and indirectly, plus enquires about their views on freedom.
SNIP
(Excerpt) Read more at swarajyamag.com ...
Will endeavor to keep as many shareholders in privatized Twitter as allowed by law"
“Elon Musk has been bumped off the perch as Twitter’s largest shareholder: Asset manager Vanguard Group recently upped its stake in the social-media platform and now owns 82.4 million shares of Twitter, or 10.3% of the company.”
https://twitter.com/WSJ/status/1514674876942069772
MGTA, Make Twitter great again
Twitter is currently helping to destroy America.
Perhaps some don’t want that to stop by allowing actual free speech.
As long as Elon Musk gets the twitterites’ panties in a twist, not seeing how that’s a bad thing.
“MGTA, Make Twitter great again”
Ummm....
Gee, it would be a shame if he only got 51% and saved a bunch of money, wouldn’t it?
Elon should cash out at a profit and start his own social network.
The Freedom Network sounds good.
ok- MTGFO= Make Twitter Great for once
Naw. Let it rot.
I can’t wait to see if Musk will announce something stunning as to its alternative in the coming days.
The Vanguard Group was already invested in Twitter and recently increased its stake to 82.4 million shares, or 10.3 percent of the company.
Buying out Truth Social and making it bigger than Twit would please me.
Once an internet system achieves ‘network effect’ and ‘market power’ it’s nearly impossible for a new entrant to dislodge them. Money alone can’t overcome those advantages. This is why we haven’t seen any serious rivals to Facebook or Amazon or Twitter and it’s unlikely that we will. Musk knows this, and it’s why he is going after Twitter.
MySpace was once the default social network but then Facebook sent it into obscurity.
Vanguard might face some investor lawsuits for not grabbing that huge profit. Someone will find a route.
“Better to reign in Hell than serve in Heaven”?
That works :-)
We will see what Musk’s next move will be.
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