Contact Us/Help!
Handle:
Password:
Forget Your Password?    Join for FREE!
InsearchofStarfish
Santa Ana, OC, CA
741 blogs/13135 comments
since Nov 17 2008

Level 2
AttributeLevel
Overall2
Safety3
Compliance2
Integrity2
Reliability2
Karma3
See Photo Albums
musk buys 9.2 percent stake in twitter
Apr 4 2022 05:35PM more by InsearchofStarfish
Tags: Current Events

not like he's out of his element btw


The Tesla CEO owns 73,486,938 shares of Twitter, according to the Securities and Exchange Commission, valued at $2.89 billion based on Friday's closing price.

he could flip it and make a billion


don't think that's his plan though...what could it be?




      
There are 19 comments on this blog.
loucfirr1
LA, CA
212 blogs/26584 comments
since Jun 29 2008

Level 4
AttributeLevel
Overall4
Safety4
Compliance4
Integrity4
Reliability4
Karma4
See Photo Albums
Apr 4 2022 07:09PM     link to this

Hope he does a hostile takeover and makes it a free speach platform.
InsearchofStarfish
Santa Ana, OC, CA
741 blogs/13135 comments
since Nov 17 2008

Level 2
AttributeLevel
Overall2
Safety3
Compliance2
Integrity2
Reliability2
Karma3
See Photo Albums
Apr 4 2022 07:13PM     link to this

already some exchanges going on between the ceo and musk

he puts out some polls and apparently starts acting on them


Angler1
CA
90 blogs/5963 comments
since Jan 6 2008

Level 2
AttributeLevel
Overall2
Safety3
Compliance2
Integrity3
Reliability3
Karma3
See Photo Albums
Apr 4 2022 07:32PM     link to this

Elon has spoke about starting a free platform, easier just to takeover one.
Hope he does take it over.
Lily4u
Newport Beach, OC, CA
84 blogs/247 comments
since Apr 21 2015

Level 4
AttributeLevel
Overall4
Safety4
Compliance4
Integrity4
Reliability4
Karma4
See Photo Albums
Apr 4 2022 07:52PM     link to this

What I recommend get a Tesla stock if u can
Not knowing anything about stock did help me
Lily4u
Newport Beach, OC, CA
84 blogs/247 comments
since Apr 21 2015

Level 4
AttributeLevel
Overall4
Safety4
Compliance4
Integrity4
Reliability4
Karma4
See Photo Albums
Apr 4 2022 11:18PM     link to this

Chek it out ..outstanding
And watch it 🙏for a vile
lapierre
Seal/Sunset Beach, OC, CA
26 blogs/872 comments
since May 6 2009

Level 0
AttributeLevel
Overall0
Safety1
Compliance0
Integrity0
Reliability0
Karma1
Apr 5 2022 09:45AM     link to this

pretty cool move
i dont think its an investment, probably rather to have ownership in the platform and not being able to just shut you down like they did to some people.
i have lib friends who say they hate Musk - i cant understand why, he literally pays billions in taxes and does more public service than anyone politician.
AFMadness
Inland Empire, CA
264 blogs/5902 comments
since Aug 17 2009

Level 5
AttributeLevel
Overall5
Safety5
Compliance3
Integrity5
Reliability5
Karma5
See Photo Albums
Apr 5 2022 10:27AM     link to this

Will Trump get his account back ? Someone had to ask right !
CaliforniaGirl21
Inland Empire, CA
19 blogs/118 comments
since Aug 2 2021

Level 2
AttributeLevel
Overall2
Safety3
Compliance3
Integrity3
Reliability3
Karma3
See Photo Albums
Apr 5 2022 11:57AM     link to this

I agree with Lapierre , I hope we make it to the moon again soon .
milfywife
Newport Beach, OC, CA
14 blogs/20 comments
since Jan 20 2016

Level 1
AttributeLevel
Overall1
Safety2
Compliance2
Integrity2
Reliability2
Karma2
See Photo Albums
Apr 5 2022 12:09PM     link to this

Musk want power
Don’t u think?
dirtytime
OC, CA
5 blogs/68 comments
since Sep 11 2012

Level 0
AttributeLevel
Overall0
Safety1
Compliance1
Integrity1
Reliability1
Karma1
See Photo Albums
Apr 5 2022 12:29PM     link to this

How you been Milfy ??
milfywife
Newport Beach, OC, CA
14 blogs/20 comments
since Jan 20 2016

Level 1
AttributeLevel
Overall1
Safety2
Compliance2
Integrity2
Reliability2
Karma2
See Photo Albums
Apr 5 2022 01:59PM     link to this

Did u miss me?
Attached Pictures
Chucklaylo
City of Ventura, Ventura, Central Coast, CA
13 blogs/1250 comments
since Aug 25 2007

Level 3
AttributeLevel
Overall3
Safety4
Compliance4
Integrity4
Reliability4
Karma4
See Photo Albums
Apr 5 2022 09:09PM     link to this

I always think of Musk as a semi mad genius.

With a couple billion invested, I think he is gonna make things happen.
SkyBot84
LA, CA
10 blogs/156 comments
since Sep 5 2021

Level 0
AttributeLevel
Overall0
Safety0
Compliance0
Integrity0
Reliability0
Karma0
See Photo Albums
Apr 5 2022 10:35PM     link to this


Maybe my Twitter account will be reinstated, then I can leave the politics off HX.

Liberals sure love those Teslas, but would Tesla suffer if Musk allows the conservatives back on Twitter?
gilbert33
Fountain Valley, OC, CA
84 blogs/859 comments
since Feb 7 2012

Level 2
AttributeLevel
Overall2
Safety3
Compliance3
Integrity3
Reliability2
Karma3
See Photo Albums
Apr 5 2022 11:02PM     link to this

Tesla or Rivian stock.Long term gain is my opinion is going to be Rivian. Their IPO price was a joke and now it is starting to settle a bit. Rivian should make their 25,000 vehicle goal. I think it will be worth taking a dip.
sleepyone
CA
62 blogs/950 comments
since Feb 27 2012

Level 2
AttributeLevel
Overall2
Safety3
Compliance1
Integrity2
Reliability2
Karma3
See Photo Albums
Apr 5 2022 11:11PM     link to this

He has a 90 day waiting period before he can buy more than 14.5% of the company. Should keep buying and hostile takeover and let the Reply Guys shit themselves.
InsearchofStarfish
Santa Ana, OC, CA
741 blogs/13135 comments
since Nov 17 2008

Level 2
AttributeLevel
Overall2
Safety3
Compliance2
Integrity2
Reliability2
Karma3
See Photo Albums
Apr 11 2022 03:01AM     link to this

taking the SEAT involves a fiduciary duty to the company and shareholders... His not taking the SEAT is the best thing...they would have hobbled him a bit on the board (slowed him down)


Elon Musk refuses to join Twitter's board after becoming the company's largest shareholder with a 9.2% stake: CEO Parag Agrawal says 'I believe this is for the best' and the Tesla CEO bizarrely tweets then deletes a single emoji following the news
Attached Links
https://www.dailymail.co.uk/news/article-10706401/Elon-Musk-NOT-join-board-Twitter-CEO-says-believe-best.html
InsearchofStarfish
Santa Ana, OC, CA
741 blogs/13135 comments
since Nov 17 2008

Level 2
AttributeLevel
Overall2
Safety3
Compliance2
Integrity2
Reliability2
Karma3
See Photo Albums
Apr 11 2022 03:06AM     link to this

there was an agreement that he could not buy more than a certain percentage? ~15percent.

that was probably contingent on him taking the seat


musk is in a good spot here...lots of heat on them without even needing to do too much more...if they keep down their path? he moves in and dumps them. the CEO sounds like a piece of work

pretty sure musk would rather they straighten shit out VS him getting involved...he has a few other things he's working on...only so much time in a day and life...IF he wants to SEE mars happen




yellowB2
Mission Viejo, OC, CA
14 blogs/1909 comments
since Sep 21 2016

Level 2
AttributeLevel
Overall2
Safety2
Compliance2
Integrity2
Reliability1
Karma2
See Photo Albums
Apr 11 2022 08:27AM     link to this

With 9.2%, he controls the board. How does he do that?

Well. Most board members take their compensation in stock and not in cash. When they do that, they get a lesser tax obligation due to the risk involved.

So, Must controls 9% of Twitter shares. If he were to dump, say 4% of the shares onto the market at one time, what do you suspect would happen to the stock price? It would plummet! And if Musk did it the day before the board members got their shares? The board members would be screwed out of a year's pay!

What does Musk want? Power and control. And he wants Twitter to be a vehicle for free speech. He now has the board by the short and curlys...he just might get what he wants!
InsearchofStarfish
Santa Ana, OC, CA
741 blogs/13135 comments
since Nov 17 2008

Level 2
AttributeLevel
Overall2
Safety3
Compliance2
Integrity2
Reliability2
Karma3
See Photo Albums
Apr 11 2022 08:33AM     link to this

he ain't going to do that...he could think about it

he would have had no ability to do anything on the board they keep him from taking over the company for a period of time

hopefully, he gets in and cleans house at some point...I'm sure there are plenty of people he could put in and do the job properly


There are 19 comments on this blog.