Musk buys a big chunk of Twitter

Being a racist or sexist isn't illegal, posting someone's address without their knowledge is illegal.

 

Obviously it depends on the context. Applying your racism/sexism from a position of authority is illegal. Posting on a social media platform shouldn't be.

 

How about "Elon Musk's Too Hot for Swamp Gas"? I like the sound of that.

 

No, but it will earn you a hell of a slap by an overprotective spouse witnessed by tens of millions of people.

 

There are plenty of places to find someone's address on the internet, starting with your county tax assessor's records if you own your home. It's bad form, but I don't necessarily think its illegal per se, is it?

 

Someone was scared of the background check. Interesting.

 

I wouldn't be surprised if the reason he turned it down was because he is planning on buying more shares greater then the 14.9% he would have been limited to by being on the board.

 

I wouldn't be surprised if Twitter adopts a poison pill to prevent that sort of thing (if it doesn't have one already). Particularly since Musk bought his existing stake in secret off the public exchanges, effectively giving him a huge discount.

If Musk wants control of the company, my guess is the existing board is going to demand a pretty steep premium, and won't just let him buy shares until he reaches 51%.

Could be that Musk realized that he was being boxed out and threw in the towel. Who knows.

 

When someone explains that owing a fiduciary duty to a company means you can’t engage in a hostile takeover of it, it probably put a real wet blanket on his day.

The last paragraph of the statement is really telling.



“There will be distractions ahead, but our goals and priorities remain unchanged. The decisions we make and how we execute is in our hands, no one else's. Let's tune out the noise, and stay focused on the work and what we're doing.”

As @PerSeGator noted, the poison pills are coming.

 

As is hate speech

 

Yeah, he learned his lesson as a company officer/board member about saying exactly what he wants at Tesla. I’m sure they offered the board seat to try and shut him up or at least keep him from saying things about Twitter publicly. He likes using polls to take the pulse of Twitter users. Can’t do that as a board member. The current CEO is an arrogant doosh who wants to determine what people see and wants to influence how they think. This is going to continue to be fun to watch.

 

Twitter offers Musk a board seat and he immediately begins tweeting criticisms of the company. So they revoke the offer.

Pass the popcorn. This will be fun to watch.

 

Yeah, I doubt it’s the background
Check (though you never know), and more the belief that he can be a bigger disruptor from the outside than the inside. He can say what he wants when he wants, buy more shares, and even dump them and crash the stock to make his point if he wants to.

 

I mean, he posted this when he was literally being handed a board seat.



Trying to depress the stock price of a company you owe a fiduciary duty to? Yeah, not so smart.

(Also, stupid post because most followers doesn’t mean most engagement.)

 

'Billionaire Elon Musk’s reversal of his decision to join Twitter’s board opens the door to a hostile takeover and could lead to additional volatility in the stock, according to analysts'.

 

https://www.cnbc.com/2022/04/11/musk-backing-off-twitter-board-opens-door-to-hostile-takeover.html

 

Told ya.