Elon Musk recently bought up a 9.2% share of Twitter's stock, making him Twitter's biggest shareholder, but even though he was offered a seat on Twitter's board, he turned the offer down. There's lots of speculation out there as to why, with some focus on the idea that Musk, in not joining the board, can theoretically buy up even more of Twitter: had he accepted a board position, he'd have had to obey a certain limit (set at 14.9% of stock). Is Musk looking to buy an even huger chunk of Twitter? I'm morbidly curious. Read about the shenanigans here.
Yeah, at first I was disappointed at this news, but perhaps Elon has something bigger in mind, and being on the board would hinder that. Or maybe he was just fucking with them. Should be interesting to see what happens next.
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