Elon Musk becomes Twitter's largest shareholder

vraiblonde

vraiblonde

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"I think he intends to go active and force change at Twitter," said Dan Ives, tech analyst as Wedbush Securities. "This is a shot across the bow at Twitter's board and management team to start discussions."

Honestly, I could give a crap about the viper filled cesspool that is Twitter. I don't want them to reform, I want them to crash and burn. It's like CNN and the Democrat Party - I don't want them to pretend to be better to improve their public image; that's just a sham and a PR move. I want them to become obsolete, go away for good.
 
spr1975wshs

spr1975wshs

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I Twit about once a week, only because that is the one platform a few folks with whom I keep contact use.
 
PeoplesElbow

PeoplesElbow

Well-Known Member
stgislander said:
With owning only 9.2%, can he really do that much?
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Being the largest shareholder he has enough of a vote to influence the board of director makeup. It's important to find out what kind of shares he owns.

Zuckerberg owns less than 13% of facebook, but over half of the shares that have voting rights.
 
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GURPS

GURPS

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Hardly ...

Break down

2.56%% of Shares Held by All Insider
78.41%% of Shares Held by Institutions
80.48%% of Float Held by Institutions
1,349Number of Institutions Holding Shares

Top Institutional Holders​

HolderSharesDate Reported% OutValue
Vanguard Group, Inc. (The)70,375,259Dec 30, 20218.79%3,041,618,693
Morgan Stanley70,157,074Dec 30, 20218.76%3,032,188,738
Blackrock Inc.51,858,827Dec 30, 20216.48%2,241,338,502
State Street Corporation36,363,324Dec 30, 20214.54%1,571,622,863
Aristotle Capital Management, LLC20,112,134Dec 30, 20212.51%869,246,431
FMR, LLC17,641,927Dec 30, 20212.20%762,484,084
ARK Investment Management, LLC17,245,755Dec 30, 20212.15%745,361,531
ClearBridge Investments, LLC16,733,505Dec 30, 20212.09%723,222,086
Geode Capital Management, LLC14,314,021Dec 30, 20211.79%618,651,987
Barclays Plc13,091,782Dec 30, 20211.64%565,826,818

Top Mutual Fund Holders​

HolderSharesDate Reported% OutValue
Vanguard Total Stock Market Index Fund21,589,078Dec 30, 20212.70%933,079,951
Vanguard 500 Index Fund16,933,682Dec 30, 20212.12%731,873,736
Morgan Stanley Inst Fd Inc-Growth Port13,950,245Dec 30, 20211.74%602,929,588
Fidelity OTC Portfolio9,708,143Jan 30, 20221.21%364,152,443
SPDR S&P 500 ETF Trust8,987,626Dec 30, 20211.12%388,445,195
Vanguard Mid-Cap Index Fund8,588,489Dec 30, 20211.07%371,194,494
SPDR (R) Idx Shares-SPDR Communication Services Select Sector ETF8,553,016Dec 30, 20211.07%369,661,351
Fidelity 500 Index Fund8,065,129Jan 30, 20221.01%302,522,988
ARK ETF Tr-ARK Innovation ETF7,422,233Jan 30, 20220.93%278,407,959
iShares Core S&P 500 ETF6,676,318Dec 30, 20210.83%288,550,463






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glhs837

glhs837

Power with Control
stgislander said:
With owning only 9.2%, can he really do that much?
Click to expand...

Here's the thing. He's the largest individual shareholder. Pay attention to the analyst above who mentions the term "shot across the bow". While this purchase doesn't give him control of the company in any legal way, its effectively him telling them that he can come buy enough that he will be in control. His fortune is such that he can buy a controlling stake almost any time he wants. Then just knowing he cares enough to spend that much to send a message is power in its own right.

This move is like Mom yelling from the other room "Dont make me come in there". Or Bruce Banner saying "Don't make me angry. You wont like me when I'm angry".
 
Kyle

Kyle

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glhs837 said:
Here's the thing. He's the largest individual shareholder. Pay attention to the analyst above who mentions the term "shot across the bow". While this purchase doesn't give him control of the company in any legal way, its effectively him telling them that he can come buy enough that he will be in control. His fortune is such that he can buy a controlling stake almost any time he wants. Then just knowing he cares enough to spend that much to send a message is power in its own right.

This move is like Mom yelling from the other room "Dont make me come in there". Or Bruce Banner saying "Don't make me angry. You wont like me when I'm angry".
Click to expand...
Yes but that depends upon them being smart enough to comprehend it and not so arrogant to ignore it.

Their Ideology will trump that.
 
CPUSA

CPUSA

Well-Known Member
GURPS said:
So What .... Musk cannot buy controlling interest .. to many institutional share holders
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What's to stop him from gradually buying say, all of the shares of the botttom 5 institutions?
What's to stop back door deals from taking place, allowing him to acquire all that he wishes?
You do realize this man has enough money to start buying off 3 letter agencies and high profile Gov't Officials, just like George Soros, don't you?
 
M

Miker/t

Well-Known Member
I read yesterday that Musk spent $2.64B for a little over 73 million shares. At the close of trading, those shares were worth $3.73B!

I feel good when I win $4 on Powerball
 
glhs837

glhs837

Power with Control
Miker/t said:
I read yesterday that Musk spent $2.64B for a little over 73 million shares. At the close of trading, those shares were worth $3.73B!

I feel good when I win $4 on Powerball
Click to expand...

No kidding, right. I'm sure Bernie and Liz will be along shortly to explain why he should pay taxes on the extra billion. Without explaining how they would compensate him if the stock tanks and its suddenly worth 1.7 billion.
 
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