Loading ...Elon Musk Rejects Twitter Board Seat
I hope it is because he intends to takeover the whole company. That is only way he can overide the censorship and other libtard policies. https://www.zerohedge.com/political/elon-musk-will-no-longer-join-twitter-board-directors
The stock is down on the news even though I think this means he is going to make an offer for all or at least a controlling interest. The problem is the company has never made money and unless he can come up with a business model that generates significant revenues and PROFITS, maybe a takeover will actually be a take UNDER.(lower price than currently trading at.)
Anyone considering playing this should look for an entry point at the gap fill around 40 and then just for a trade, not expecting more than a twenty to twenty five percent bounce from 40.
He is driving them nuts .
The want him on the board so they can control him somewhat it seems
Can a Whale eat a Shark ?
They offered the board seat to try and stop a takeover since they have a limit of any boardholder accumulating more than 15%.(Not sure if it was already on the books at that level or added to stop him once he revealed his stake.)
For another $50B he controls it all — pocket change for Elon!
Yes, I think he takes a big enough stake to get control. He may or may not want to buy it all. (means going private) Not sure whether better to stay a publicly traded company or if he gains any benefit of being private.