203 Elon Musk says "nay" to joining Twatter's board, possibly hinting that he will buy the whole company. (files.catbox.moe) posted 2 years ago by Deaf_MAGA_Pede 2 years ago by Deaf_MAGA_Pede +203 / -0 48 comments share 48 comments share save hide report block hide replies
Why does this hint at him buying the entire company?
The company bylaws cap how much stock board members can own. It keeps him at something like less than 14 or 15% ownership of the company.
There's also rules on what he can and can't say publicly (like the emai said) that could be construed as trying to influence the stock price.
Cool thanks