https://www.cnbc.com/2022/04/11/musk-backing-off-twitter-boa…
Billionaire Elon Musk’s reversal of his decision to join Twitter’s board opens the door to a hostile takeover and could lead to additional volatility in the stock, according to analysts.
Musk’s decision not to join Twitter’s board means he’s no longer limited to owning just 14.9% of the company.
https://www.france24.com/en/live-news/20220409-twitter-stake…
Twitter stakeholder Elon Musk tweets 'Is Twitter dying?
https://www.npr.org/sections/coronavirus-live-updates/2020/0…
Nearly half of the Twitter accounts spreading messages on the social media platform about the coronavirus pandemic are likely bots, researchers at Carnegie Mellon University said Wednesday.
Researchers culled through more than 200 million tweets discussing the virus since January and found that about 45% were sent by accounts that behave more like computerized robots than humans.
It is too early to say conclusively which individuals or groups are behind the bot accounts, but researchers said the tweets appeared aimed at sowing division in America.
Buyer’s remorse? Or is Musk planning to take over Twitter & create his own social media platform?
4 Likes
Buyer’s remorse? Or is Musk planning to take over Twitter & create his own social media platform?
Buyer’s remorse? I doubt it. I don’t think Musk bought the shares as an investment but as part of his social campaign for free speech. Most probably the invitation to join the board was an attempt to muzzle him, the less than 15% ownership is such a muzzle. Consider his comment about blocking Russia from using StarLink, “I’m a free speech absolutist.”
Taking over Twitter might be easier than creating a competing platform. Better yet, just get Twitter to allow free speech.
The Captain
7 Likes
Pardon me while I put on my tinhat for a moment.
I think his action might be a pump and dump scenario.
He fist started buying in January at less than $37 a share. He could sell them now (at $45 a share) and make a nice little profit - for doing nothing other than moving the market.
We can never take him fully at his word but this is what he said yesterday about his purchase:
https://economictimes.indiatimes.com/markets/stocks/news/exp…
He said in a filing with regulators on Monday that he owns the shares for “investment purposes.” He said he may buy more, sell or simply hold the shares, depending on what happens with its price and other factors.
shrug
3 Likes
I think his action might be a pump and dump scenario.
Ohhhh, of course. Obviously pump and dump.
Except there wasn’t any pump. And there’s no dump.
Veeeeeeeery suspicious.
-IGU-
(I think you need a bigger hat)