![Twitter outed itself as a Saudi Intelligence and propaganda platform. [747x501 - 68KB]](https://pic8.co/sh/EkvgCL.png){kind=link}
Since Elon owns 9 or so % of twatter wouldn't he have admin rights?
Couldn't he just unban Trump whenever he wanted?
ELI5
Kind of a Grey area.
Keep in mind, the hidden monopoly is actually the majority shareholder.
For most people, I tell them it is Blackrock and that is a decent shortcut to think about it.
However, the hidden monopoly is really made up of several similar conglomerates, like Vanguard and they own 30% of Twitter. Throw in their friends, like the Saudi Prince, who owns 5.1% and you see how Elon has created a war.
Vanguard stepped in today to buy more than Elon, and I bet they are doing the same in other companies... for a loss... to stop this kind of takeover.
Twitter offered to put Elon on the Board. He declined because it limits his maximum percentage to 14.1% and his counter was to buy the company, officially lodging the offer with the SEC.
THAT is when the Saudi Prince popped his head up.
Elon asked about how much they actually own and highlighted a legal problem, causing Vanguard to buy shares they knew would lose money right away.
Keep in mind, Twitter is just a gateway for a half billion in astroturfing efforts. For 40 billion, Elon can monitor, silence or massage much more money worth of media manipulation while also gaining the political advantage of having doxx on every bad state actor. This is more than just money we're talking about. It's about who gets to pick the next president.
Either way, to answer your question... Twitter doesn't have to... legally... show Elon much of anything, though generally a great deal of cooperation is normal.
If he ended up on the board, he would likely have admin and staff with admin access.
If he owns it, outright, he can do a lot of interesting things.
But... keep in mind... Blackrock and friends own lots of Tesla, as well.
This might all be kabuki theater.
Interesting 🤔
Vanguard stepped in today to buy more than Elon, and I bet they are doing the same in other companies... for a loss... to stop this kind of takeover.
Aren't they buying in below what Musk offered for it? How is that a loss? My understanding was I could do the same thing if I wanted to. It's a publicly traded company.
If you bought Twitter stock, right now, it would be lower than what Elon is offering... assuring a price hike of they sold.
The fact that the price has dropped after Vanguard moved in to outrank Elons 9.1% shows us they are trying to stop the sale.
Yes, you are right. If you walked in off the street with a $55.00 a share ask, totaling over $40 billion, submitted officially to the SEC, then the board legally has to put it to a vote to sell. Otherwise, they are violating their fiduciary obligation.
Alternatively, the vote can go to shareholders, at large. Your trading app literally sends you a yes or no link.
When Vanguard was buying in, the price dropped. The futures dropped. The long term outlook dropped.
https://finance.yahoo.com/quote/twtr/
Because the company is not viable if the board refuses to make money.
It's a bit unprecedented, in that sense.
This is why there isn't a good guess as to what will happen.
The deep state needs an oblique solution.
But... they get away with crap all the time. Nothing will surprise me.
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