BREAKING: Musk is going to COMPLETELY BYPASS THE BOARD and make A TENDER OFFER DIRECTLY TO THE SHAREHOLDERS.
(media.greatawakening.win)
💥 B O O O O O M 💥
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While this would be a smart move, I still don't think it'll work. According to a quick internet search, Vanguard, Blackrock, Morgan Stanley, and several other similars/hedgies own at least 45% of the stock (though they probably don't have complete control of all 45% of those shares) Basically, they can influence a large portion of Twitter investors making it difficult for Musk to pull this off.
They are institutional holdings which mean they are beholden to their customers who by contract can influence the way the fund behaves.
Unfortunately, a good portion of their customers aren't the type to go against the recommendation of their money/fund managers. I realize that, ultimately, the power is in the hands of the investor, but not a lot of them are willing to exercise that power.
Respectfully Disagree. When it comes to peoples money, they pay attention! And they get pissed!
I admire your faith in humanity. However, between Trump's inauguration and the start of CoViD, I heard this quite frequently:
"Yeah my 401k is doing better than it ever has and everything is cheap af, but hes a racist cheetoh so I hate him"
And during the election, true quote "yeah my business is doing better than ever and his policies make it possible for me to thrive but he's a sexist, and a rapist. I have a daughter and I don't want her growing up in a world where he's in charge, so Im voting Biden"
If msm tells them selling for bigly profits and a yuge win for free speech is bad, they'll vote no.
Grocery baggers at whole goods don't constitute the bulk of 401k
This! We are distracted by the noise when those same ds companies own stock and are on boards of twatter as well as all those social media. smoke and mirros