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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Summary:
In this video, the speaker discusses Elon Musk's decision to reject a board seat on Twitter shortly after being introduced as a board member. The rejection does not signify a lack of interest in Twitter but rather a strategic move by Musk. The speaker explains that by not accepting the board seat, Musk can avoid the 14.9% ownership limit on shares, allowing him to potentially acquire more shares in Twitter. The speaker also touches on Musk's significant stakes in other companies like Tesla, SpaceX, Boring Company, and Neuralink, speculating on Musk's possible intentions to consolidate his holdings under one umbrella. The video ends with the speaker highlighting Musk's intention to increase his stake in Twitter and the potential implications of this move.
Detailed Article:
The episode delves into Elon Musk's recent decision to decline a board seat on Twitter, a move that may seem perplexing at first but is, in fact, a strategic maneuver by Musk. By forgoing the board position, Musk avoids the 14.9% ownership limit on shares imposed on board members, potentially freeing him to acquire more shares in Twitter. This refusal hints at Musk's intention to amass a larger stake in the company without the constraints that board membership would entail.
The speaker reflects on Musk's existing stakes in publicly traded companies like Tesla, where his ownership stands at approximately 20%. Despite not holding a board seat at Tesla, Musk wields considerable influence as the CEO. Additionally, the speaker speculates on Musk's holdings in SpaceX, a privately held company, where Musk likely holds a substantial stake. The speaker also mentions Musk's involvement in other ventures like the Boring Company and Neuralink, suggesting that Musk aims to maintain significant ownership across his various projects.
There is mention of a potential strategy by Musk to consolidate his diverse holdings under a single entity, like Tesla. This move could enable shareholders in Tesla to gain exposure to Musk's other ventures, albeit with possible dilution. Such a consolidation could lead to the creation of a new stock that incorporates Musk's various enterprises, offering shareholders a stake in the broader entity.
Moreover, the speaker ponders the potential synergy between Musk's existing ventures and Twitter, considering Musk's proclivity for leveraging social media platforms as marketing tools. While the speaker acknowledges the challenge of discerning alignment between Twitter and Musk's other ventures, he hints at potential collaborations or mutual benefits that could arise from Musk's increased involvement in the social media platform.
In conclusion, the speaker emphasizes Musk's rejection of the Twitter board seat as a strategic move to expand his stake in the company and potentially exert more influence over its operations. Drawing parallels to Musk's control over Tesla, the speaker speculates that Musk's acquisition of a considerable stake in Twitter could afford him significant sway over the company's direction. The episode leaves viewers with a sense of intrigue about Musk's intentions and the unfolding dynamics between him and Twitter.