No...he will have some influence obviously, but hands-on control, no. He would have to work with the board of directors to create change. Of course, he could undertake a hostile takeover... that is a possibility. Either way though, I bet Jack's days are numbered.
He's just doesn't all of sudden become the CEO of Twitter because he's their biggest shareholder, c'mon guys. But he can sell, make a (billion dollar) profit, and start his own if he wants. So in essence, maybe?
Does owning 9% of a company give you control of it?
Certainly you are a big fish, but don't you really need 51% to control a company?
Or can Elon form a coalition with 42% of other stockholders to make changes?
He has more stock in Twitter than Dorsey.
Yes, he can fix it.
but that means nothing. Dorsey only had power as CEO, which he is no longer
No...he will have some influence obviously, but hands-on control, no. He would have to work with the board of directors to create change. Of course, he could undertake a hostile takeover... that is a possibility. Either way though, I bet Jack's days are numbered.
9% ?
Just because you are the largest shareholder doesn't mean you control the company. 91% of the owners may disagree with you.
He's just doesn't all of sudden become the CEO of Twitter because he's their biggest shareholder, c'mon guys. But he can sell, make a (billion dollar) profit, and start his own if he wants. So in essence, maybe?
The censor nazis one by one will leave Twitter in protest of Elon paving the way
Lol well good riddance
Sure, why not?
That's what a lot of us are wondering. I frankly have no idea at this point.
I wish
At least if he takes profit we will get to see the share price drop like damp garbage.
I think it's likely just another one of his pump and dumps.