Elon Musk
Now Twitter has been in the news lately for mostly the wrong reasons since Elon Musk bought a stake in the micro-blogging website, his dispute with Twitter ranging from owning more than nine percent of the shares to rejecting a post on the board and then goes bad.
Twitter’s board members weren’t impressed by the offer to buy the company for $43 billion, but the world’s richest man isn’t one to give up easily, he’s again a Twitter artiste. It shared a list of Twitter board members Was.
And they own how much of the company. Needless to say no one came close to Elon Musk’s holdings, Elon Musk has responded with data and I hold almost no shares except for the Twitter board collectively with Jack Hmm, their economic interests are not aligned with that of the shareholders alone.
It’s bound to cause some stir at its San Francisco headquarters. It comes a day after Twitter announced a poison voting plan, one aimed at making it harder for people like Elon Musk to start planning to get a controlling stake.
The plan would allow other shareholders to sell the shares at a discounted price if more than 15 percent of the shares are purchased without the director’s agreement, which now ultimately reduces the holdings of new investors.
Musk’s bid to buy the company sends shockwaves through the tech world but Elon Musk’s proposed buyout at this point has three threats, one a potential rejection.
Raising two pennies and three is a major change for the social media giant as Elon Musk plans to take the company private Now Two weeks ago the world’s richest man Elon Musk announced his more than nine percent stake in the company .
He is 2:01 second largest shareholder after mutual fund Vishal Vanguard, which holds 10.3 percent stake in 2:04, another heavyweight is 8.4 stake BlackRock Inc. holds six and a half percent stake.
And State Street Corp. is another investment firm that owns four and a half percent of Twitter T. Here’s also the Saudi prince, who has a 5.2 stake in the company, now we’re available in your country.