Elon takes a 9.2% stake in Twitter. Dipping his toe in the water (link)...

[AgEngDawg]

Elon Musk becomes Twitter's biggest shareholder with 9.2% stake

The world's richest man bought nearly 73.5 million shares, a document filed with the US Securities and Exchange Commission shows.

www.dailymail.co.uk

 

[CDDP]

 

[CDDP]

 

[TTUcamper]

I was kind of hoping they'd just let Twitter die. It's already been surpassed by telegram in users. With so many bots on it in the first place I'm not sure it's even worth saving.

I also don't fully trust musk, he's got some weird ties.

 

[quickfeet]

Imagine having so much money that you can just buy one of the most influential platforms that ever existed because they got on your nerves

 

[ChingChongDingDong]

Imagine having so much money that you can just buy one of the most influential platforms that ever existed because they got on your nerves

I believe that’s the definition of fuck you money.

 

[Alpha_Cock]

73.5 Million Shares purchased 3/14. Today, TWTR goes to $48.97. He just made a billion dollars ($48.97-$33.03=$15.94 x 73,500,000=$1,171,000,000).

 

[TTUcamper]

73.5 Million Shares purchased 3/14. Today, TWTR goes to $48.97. He just made a billion dollars ($48.97-$33.03=$15.94 x 73,500,000=$1,171,000,000).

Lololol. Would be hilarious if he cashed out that would probably destroy twitter

 

[BTAvenger]

Would he have the power based on this acquisition to actually be able to do anything or force changes there?

 

[TTUcamper]

Would he have the power based on this acquisition to actually be able to do anything or force changes there?

Vanguard and blackrock together still own more.

 

[ChicagoFats]

Would he have the power based on this acquisition to actually be able to do anything or force changes there?

I think its kind of a shot across the bow. It may be that he bought 10% with the threat of buying a lot more if things don't change.

I vaguely remember something about a 10% threshold, where if you surpass 10% ownership it gets a lot more complicated with reporting requirements etc.

 

[ChicagoFats]

Warren Buffet in June 2019

 

[Hoosier in Mad Town]

Vanguard and blackrock together still own more.

He's got enough to demand a board seat and get one.

 

[Rebarcock.]

I was kind of hoping they'd just let Twitter die. It's already been surpassed by telegram in users. With so many bots on it in the first place I'm not sure it's even worth saving.

I also don't fully trust musk, he's got some weird ties.

I was just hearing about some ties he has to hunter Biden people.
But I suppose once you hit that echelon the is a ton of crossover relations whether you like people or not

 

[CDDP]

 

[ChicagoFats]

Very true. Social media is awful

 

[AgEngDawg]

 

[CDDP]

Keep up the good work Elon

 

[CDDP]