Elon Musk refused the board seat on Twitter. He turned it down a day after the CEO announced it. Are we in for a hostile takeover?
In this video I discuss why Musk probably did this and what his intentions are. By refusing the seat, he is not limited to a 14.9% share of the company.
This will be interesting to watch.
▶️ 3Speak
That is such a bizarre move - I'm really excited to see what is going to happen.. Since it's Elon Musk, it's 100% going to be interesting.
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One thing we know, it will not be boring.
Musk has a plan.
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but rejecting the position could still make decisions on the board of directors of Twitter or not. Surely you must have an idea to revolutionize it and try to improve it
I am sure he has a plan. However, he might be able to do more by holding greater amounts of stock.
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It may be possible that this is his idea to try to acquire more shares of Twitter before sitting in the chair of the Boss
As stated in the video, he is prohibited from owning more than 14.9% of the stock if he is on the board. So it seems Elon wants a lot more stock in Twitter.
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It seems that this is his idea to own more shares
He filed paperwork along those lines from what I read.
My guess is he is shooting for a 20% stake in the company.
I have no vested stake since I dont own Twitter stock and really could care less about the platform (especially once ProjectBlank comes out).
But it will be fun to watch.
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It's interesting to watch but I kind of expected it. If he actually became a board member, he would have some restrictions legally that he might not like. However, his stake still gives him considerable influence over the company.
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I had totally forgotten about that clause. Of course, I didnt know that he wanted to own a lot more of the company. Actually I didnt pay much attention to the story other than the headlines and the YouTube videos from the Tesla fanboys.
It will be fun to watch.
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He's gunna "Justin Sun" Twitter.
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It could be a hostile takeover.
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Elon never seizes to amaze me. I will say that he doesn't want someone else's company to be part of his worries. Elon is just trying to diversify his assets on publicly traded company while he focuses on his project SpaceX, and The Boring Company.
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Market shakers looking for a swingle position on twitters stock plus closing watching Tesla stock if it will have correlation with tweet once musk reacts
This is Elon at its best. He's such a humble guy. It's like watching a movie !
Yeah, I don't know.. Elon is making moves. I wonder what his end game is.. Will be interesting to see!
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