What's new
By:
Filters

Musk and Twitter

ThePanzerFuhrer

ThePanzerFuhrer

The Rock Breaker God
Joined
May 19, 2020
Member Number
84
Messages
2,461
Loc
Wi
Musk bought a 9.8% share in Twitter over the weekend, making him the largest single shareholder. Is that crazy bastard actually gonna make some changes with Twitter?

I’m starting to like this guy.

nypost.com

Elon Musk buys 9% stake in Twitter days after criticizing it

An SEC filing revealed on Monday that Musk — the world’s richest person with a fortune of more than $287 billion, according to Forbes — bought some 73.5 million shares of the comp…
nypost.com nypost.com
 
bunk said:
i dont do social media, but doesnt Trump have his own?
Click to expand...
He does, not sure it even works at the moment.
truthsocial.com

Truth Social

Truth Social is America's "Big Tent" social media platform that encourages an open, free, and honest global conversation without discriminating on the basis of political ideology.
truthsocial.com truthsocial.com
 
I get he bought a massive amount of shares, but how does that equal out to him having any real say in what the company does?
 
Mr Stubs said:
Do we know what the outcome of the poll was?
Click to expand...
www.theblaze.com

Elon Musk polls people about whether Twitter upholds the principle that free speech is critical for democracy: 'The consequences of this poll will be important' | Blaze Media

Billionaire business tycoon Elon Musk posted a Twitter poll on Friday asking people whether they think that the social media platform upholds the principle that free speech is vital to a democracy."Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to...
www.theblaze.com www.theblaze.com

Billionaire business tycoon Elon Musk posted a Twitter poll on Friday asking people whether they think that the social media platform upholds the principle that free speech is vital to a democracy.

"Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?" he tweeted.

Out of the more than 1.8 million votes that have been cast so far, more than 70% of the responses have been "no."

Musk then followed up the post with a mysterious tweet declaring that, "The consequences of this poll will be important. Please vote carefully."
 
HillbillyDeluxe said:
Of course. But again at 9.8% can he effect any actual change?
Click to expand...
I won't pretend to know but at as the largest single share holder that vote would seem to be important as a whole.
Don't forget he has the $$$ to buy more and it is very cheap right now.
 
He reportedly bought 73.5 million @ $39 = $2.8 billion from a guy who is worth $287 billion.
So what I am saying is he doesn't really have to stop buying.
 
he will have some control over maybe the best way to influence opinions in the world. Some will be concerned because he has appeared to be erratic at times. he cancelled his electric truck this weekend too, which was more interesting to me.
 
HillbillyDeluxe said:
I get he bought a massive amount of shares, but how does that equal out to him having any real say in what the company does?
Click to expand...
Froom the article:

"In a demonstration of the power that can be wielded by Twitter investors, Dorsey stepped down as Twitter’s CEO in 2021 following a heated activist campaign from shareholder Elliott Management. Elliott held around 4% of Twitter shares at the time — less than half of Musk’s current stake. "
 
gladman said:
he will have some control over maybe the best way to influence opinions in the world. Some will be concerned because he has appeared to be erratic at times. he cancelled his electric truck this weekend too, which was more interesting to me.
Click to expand...

Confirmed. Tesla cancelled the E-Truck. Elon specifically cited high development costs and that the project was way over budget. No longer economically viable. So Golden boy gets a bloody nose but is still in the game.
 
Splib said:
Confirmed. Tesla cancelled the E-Truck. Elon specifically cited high development costs and that the project was way over budget. No longer economically viable. So Golden boy gets a bloody nose but is still in the game.
Click to expand...
Source?
 
Saloon65 said:
Froom the article:

"In a demonstration of the power that can be wielded by Twitter investors, Dorsey stepped down as Twitter’s CEO in 2021 following a heated activist campaign from shareholder Elliott Management. Elliott held around 4% of Twitter shares at the time — less than half of Musk’s current stake. "
Click to expand...

I caught that and I understand how that can make Musk have an even better position. Maybe I should pay more attention to that type of stuff, but since I habe no vested interest, its hard.
 
Splib said:
Confirmed. Tesla cancelled the E-Truck. Elon specifically cited high development costs and that the project was way over budget. No longer economically viable. So Golden boy gets a bloody nose but is still in the game.
Click to expand...
April Fools
 
Splib said:
Confirmed. Tesla cancelled the E-Truck. Elon specifically cited high development costs and that the project was way over budget. No longer economically viable. So Golden boy gets a bloody nose but is still in the game.
Click to expand...

CarterKraft said:
Source?
Click to expand...

Pretty sure that article was a April fools joke.

Although it is delayed indefinitely, not on the tesla sight any more.

Latest Cars News and Trends from the Auto Industry

From new car releases and auto show coverage to spy shots and the latest automotive trends, CarBuzz delivers automotive news 24/7
carbuzz.com carbuzz.com
 
You must log in or register to reply here.
Top Back Refresh