How Would Elon Musk Control Twitter?

Other securities law experts said that kicking off his stake disclosure with a “passive” filing gives Musk more flexibility, and keeps everyone guessing as to what his real intentions are. Elon can change his mind about being passive and file a 13D. A 13D form indicates an “activist” stake. “It seems that Musk is advocating…
How Would Elon Musk Control Twitter?


Other securities law experts said that kicking off his stake disclosure with a “passive” filing gives Musk more flexibility, and keeps everyone guessing as to what his real intentions are.

Elon can change his mind about being passive and file a 13D. A 13D form indicates an “activist” stake.

“It seems that Musk is advocating for change, not control,” said Charles Elson, founding director of the Weinberg Center for Corporate Governance at the University of Delaware. “But it’s going to be a mess for Twitter, because Elon Musk is not your ordinary shareholder.”

Twitter’s next annual meeting is May 25, 2022.

Elon can probably get Jack Dorsey and Cathie Wood of Ark Invest to side with his plans. This would be 15% of the shares. About 30-40% of the shares are major investment funds.

If Elon Musk has plans that are also viewed as effective for growing the value of the stock then Elon will have the share votes to get board seats or for him or his selected representative to become Chairman of the Board. Board control would let Elon determine who the CEO is for Twitter.

Do you want an edit button?

— Elon Musk (@elonmusk) April 5, 2022

@elonmusk is the Largest Shareholder Of Twitter Now #Dogecoin pic.twitter.com/bNSOtGkMPS

— DogeDesigner (@cb_doge) April 4, 2022

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Fact Mix 882: Sansibar
Read More

Fact Mix 882: Sansibar

A trip through peak time club music mixed by the Helsinki artist, from vintage ’90s techno and trance to modern cuts. Since the release of his debut cassette in 2018, Helsinki-based DJ and producer Sansibar has respectfully looked back to the past to craft a style of techno that nevertheless feels fresh and forward-facing. Early…
An Introduction to the Billion-Dollar Web 3.0 Industry
Read More

An Introduction to the Billion-Dollar Web 3.0 Industry

After functioning for years in the centralized system, the internet is about to experience a breakthrough with the help of blockchain and its decentralization nodes. The move to Web 3.0 represents the next step in the internet, with new data rights, activities, and normal avenues of action becoming the standard. Web 3.0 technology gives rights…
Lucid Motors is Doomed
Read More

Lucid Motors is Doomed

Lucid Group Inc. LCID, fell more than 11% in after-hours trading after they dropped 2022 production volume to be 6,000 vehicles or half of the 2022 expectation in May. “Our revised production guidance reflects the extraordinary supply chain and logistics challenges we encountered,” Chief Executive Peter Rawlinson said in a statement. “We’ve identified the primary…