Twitter thread:
(1) Elon Musk not taking a board seat is bullish for free speech coming back to Twitter.
The board seat was a proposed tactic by Twitter's current execs & board to curb his influence (limiting his maximum shares to 14.9%).
Musk can now pursue a hostile takeover if he so chooses.
(2) He acquired 9% of company shares from Feb to April. Will he get to 18% by June? Next SEC filing should be interesting to see!
(3) IMO this process is already happening. Shareholders don't care about the woke stuff. And given Elon's record of making shareholders rich, wouldn't be surprised to see SJW panic in Twitter exec world right now.
Could honsetly be bad for alt tech -- especially if free speech is only partially fulfilled.
masterofballs@wolfballs.com 2 years ago
So I see at least three paths forward for musk on this saga.
He sells off and quits. He would make a profit. He drove the stock up. After he sells it would cause a major sell off. Driving the price down. He can go back to mars and Tesla stuff. Competitors will continue to beat market share. Alt tech and gab rise to eventually over take twitter.
(Hostile take over Bruce Wayne style) He could try to buy more to get to 50%. The problem here is just him owning stock drives the price up. Honestly it doesn't matter because he's musk. He could make that stock worth ten, a hundred times more. Once he owns it he can reinstate trump and bam. Twitter explodes again. Now he owns Tesla, twitter, space X. Wtf does he do then?
Really 1.b. He starts his own. He would probably base it off mastodon like truth.social. He probably doesn't have time for this. Mars is more important. But he sells off and starts his own. It would probably dwarf twitter in no time in active users.
Honestly the hostile take over seems like the most likely scenario. I imagine he would wait for the price to drop. If he thinks it will. Otherwise he might just make the move real soon if he thinks the price will only go up. He's sure to make money either way.
squashkin@wolfballs.com 2 years ago
hostile souds likely to me too, I wonder whst it will be like with Trumo back on Twitter and everyone...
someone tweet him to change the twitter bird in to an eagle or something