ori
@ori@lemmy.world
- Comment on How do shares work? How does musk control twitter if he only owns 9% of the shares? 3 weeks ago:
I googled it instead of chatgpting it. Crazy I know
- Comment on How do shares work? How does musk control twitter if he only owns 9% of the shares? 3 weeks ago:
- Comment on How do shares work? How does musk control twitter if he only owns 9% of the shares? 3 weeks ago:
The Company isnt publicly traded anymore, so he bought the entire thing. 9% was just the start.
- Comment on How do shares work? How does musk control twitter if he only owns 9% of the shares? 3 weeks ago:
The business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 27, 2022. Musk had begun buying shares of the company in January 2022, becoming its largest shareholder by April with a 9.1 percent ownership stake. Twitter invited Musk to join its board of directors, an offer he initially accepted before declining. On April 14, Musk made an unsolicited offer to purchase the company, to which Twitter’s board responded with a “poison pill” strategy to resist a hostile takeover before unanimously accepting Musk’s buyout offer of $44 billion on April 25.
- Comment on Casual reminder 7 months ago:
They probably want non voters to vote.