But in reality, being a slightly less than 10% share holder doesn’t even get you close to be able to fire someone right? All you can do is recommend. You would need another 41% at the table to agree with you. I just see people literally believing the Musk now basically owns Twitter...it ain’t even close. I’d rather had liked to see it fall off the radar. Disappear. But Musk actually helped to preserve it.
But he does have a larger percentage of shares than any other single person. This gives him tremendous power. All he needs to do is hint at selling it, stock price would tumble, all the rest of the shareholders go broke.
But in reality, being a slightly less than 10% share holder doesn’t even get you close to be able to fire someone right? All you can do is recommend. You would need another 41% at the table to agree with you. I just see people literally believing the Musk now basically owns Twitter...it ain’t even close. I’d rather had liked to see it fall off the radar. Disappear. But Musk actually helped to preserve it.
But he does have a larger percentage of shares than any other single person. This gives him tremendous power. All he needs to do is hint at selling it, stock price would tumble, all the rest of the shareholders go broke.
Twitter IS being run by Elon now.
👆👆 This 👆👆