Twitter's board offer to Elon was a move to put the roadblocks up on him having any meaningful influence on the company. Didn't think it was a good move. Especially when they ban people for calling out groomers.

— Jack Posobiec 🇺🇸 (@JackPosobiec) April 11, 2022

Twitter may not want Musk to have influence, but once you own nearly 10% of the company (about a third of the non-institutional shares) to become the largest shareholder, you get a board seat if you want one. Refusing to offer it would be a huge governance issue.

And for the same reason, he'll have influence with or without the board seat.

Elon has decided not to join the board:

Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk

— Parag Agrawal (@paraga) April 11, 2022

My thought is that she references fiduciary there for a reason; they wanted to control his statements/actions more than anything with the board seat. Also, part of that agreement limited his ownership to 14.9 percent. I expect there is more to follow.

He sure has the Disneys and other leftists up in arms about his actions/plans here.

nortex97 said:

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Elon has decided not to join the board:

Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk

— Parag Agrawal (@paraga) April 11, 2022

My thought is that she references fiduciary there for a reason; they wanted to control his statements/actions more than anything with the board seat. Also, part of that agreement limited his ownership to 14.9 percent. I expect there is more to follow.

He sure has the Disneys and other leftists up in arms about his actions/plans here.

---

Communists don't like a Capialist on the board? Whodathunkit

Elon Musk not taking a board seat is bullish for free speech coming back to Twitter.

The board seat was a proposed tactic by Twitter's current execs & board to curb his influence (limiting his maximum shares to 14.9%).

Musk can now pursue a hostile takeover if he so chooses.

— Jordan Schachtel @ dossier.substack.com (@JordanSchachtel) April 11, 2022

They were going to cap him at 15% ownership with the board west. My guess is he wants to own enough to call all the shots.

Can musk make a cash offer to other shareholders for their proxy for a finite period of time?

Fairview said:

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Elon Musk not taking a board seat is bullish for free speech coming back to Twitter.

The board seat was a proposed tactic by Twitter's current execs & board to curb his influence (limiting his maximum shares to 14.9%).

Musk can now pursue a hostile takeover if he so chooses.

— Jordan Schachtel @ dossier.substack.com (@JordanSchachtel) April 11, 2022

---

I want hostility...lots of it!

FTAG 2000 said:

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They were going to cap him at 15% ownership with the board west. My guess is he wants to own enough to call all the shots.

---

I think he wants to have enough to ditch Prag first of all, and then of course he knows he can align with Paul Singer's vote. (Singer I think has 1 of the 5 seats today.) Singer got rid of Dorsey just 6 months ago, keep in mind.

Quote:

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Twitter founder Jack Dorsey said Monday he'd step down as CEO after a series of missteps including the censoring of a bombshell story on Hunter Biden and a share price that stubbornly lagged behind peers.

The long-bearded and nose-ringed Dorsey, who had been under pressure from hard-charging billionaire Paul Singer's hedge fund Elliott Management after doing double duty as CEO of Twitter and payments giant Square, said a hand-picked successor, Parag Agrawal, would succeed him.

Agrawal, who started at Twitter in 2011 as a software engineer and has served since 2017 as the company's chief technology officer, could more forcefully push the company toward arenas beyond its 280-character social posts. He has led Twitter's artificial intelligence and machine-learning efforts.

But he'll also be walking into a hornet's nest when it comes to the company's role as an arbiter of content.

Dorsey was blasted during his tenure after Twitter blocked the account of the New York Post for its exclusive reports in October 2020 on the contents of a hard drive that held emails and other materials from a laptop that was abandoned at a Delaware repair shop by Biden's son, Hunter.

The company also drew fire from some who said it was part of the Big Tech censorship brigade that shut former President Donald Trump out of social media when it banned his account after the January 6 Stop the Steal riots.

Already, Agrawal has been involved in the company's efforts to fight so-called "misinformation," which he struggled to define in a November 2020 interview with the MIT Technology Review.

"I think that's the, the existential question of our times," he said, according to a trasncript of an interview with the publication. "Defining misinformation is really, really hard. As we learn through time, our understanding of truth also evolves."

Agrawal claimed the company wouldn't try to "adjudicate truth," but instead would focus on "potential for harm" when it comes to certain content. He didn't comment on The Post's reports in the transcript of the interview.

Adjudicating content is one area where Dorsey stumbled badly and he admitted as much, but only after the damage was done. He told lawmakers after the service blocked The Post's accounts that the handling of the reports was a "total mistake."

---

I believe the Twitter board is just 11 people, so it is plausible that with something like a 20 percent share Musk could grab 2 to 4 seats, Singer has a 3rd (Egon Durban with Silverlake), and then katie bar the door about what changes might happen (again, it only took 1 seat to get Jack Dorsey to step down).

It's tough though to see it happening as Vanguard/Blackrock/Morgan Stanley are the biggest shareholders (not in order), and I think it is unlikely he'd be able to easily buy roughly a third of the company, though plausibly if the stock kept going up, they'd need to re-balance their shares/holdings monthly/quarterly and would wind up selling some off. But it's all money and politics above my pay grade.

The more I think about this move the more brilliant it appears.

Personally I think changing Twitter is a better strategy than creating a new platform. There's a large population of people on Twitter that never see any counterargument to the Progressive narrative. If these people see the other side on just a few tiny issues it will at least cause them to be more nuanced and question larger narratives.

Bidens leg hairs said:

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The more I think about this move the more brilliant it appears.

Personally I think changing Twitter is a better strategy than creating a new platform. There's a large population of people on Twitter that never see any counterargument to the Progressive narrative. If these people see the other side on just a few tiny issues it will at least cause them to be more nuanced and question larger narratives.

---

No question taking over Twitter is better than starting a new platform. This is even more true with a guy like Musk who is a free speech champion as opposed to a true conservative. Musk is going for open sharing of information and not stifling either side. A more leftist version of Twitter would fail badly and a right wing version of Twitter (like Parler) will always be limited because only conservatives will go there.

Twitter has no PE ratio. Has it ever made money? If so how?

Was it in the "company and shareholders best interest" to kill Biden laptop story or ban Trump? How about Jack and the woke Indian lib going on JRE to get exposed for bias censorship?

Pretty obvious the BOD wanted to censor Musk, which they have right to do. But Musk probably has more influence off board as he can tweet about upcoming votes and independent non-BOD recs.

Why Elon Musk's about-face on Twitter board seat sets up 'Game of Thrones' battle https://t.co/hjECMStduR pic.twitter.com/HqDnRH0YEV

— New York Post (@nypost) April 11, 2022

The definitely were going to push to censor him if he agreed to join the board.

Which is why he did not.

Musk at this point has very little care for his wealth and is looking to use it to benefit humanity as he sees fit.

it is looking like he sees twitter for the danger to human society that it is and is going to sink a good portion of his wealth into neutralizing it.

good for him.

Elon musk- the hero we need, not the one we deserve.

Musk made his initial fortune via PayPal.

The old school "PayPal Mafia" was pretty libertarian. Peter Thiel was the most well -known of the bunch. Marc Andreessen over at Netscape was not dissimilar. It's no accident that you're seeing Marc and Elon interact on Twitter lately.

None of them like what Silicon Valley has become ideologically.

Credit to Elon for realizing that Twitter is a malignant tumor that is starting to show symptoms across all aspects of society. Local leaders aren't afraid of their constituents, they're afraid of the Twitter mob.

It makes financial sense then for Elon to treat the tumor now before it gets inoperable and ruins any of his future projects.

Ags4DaWin said:

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The definitely were going to push to censor him if he agreed to join the board.

Which is why he did not.

Musk at this point has very little care for his wealth and is looking to use it to benefit humanity as he sees fit.

it is looking like he sees twitter for the danger to human society that it is and is going to sink a good portion of his wealth into neutralizing it.

good for him.

Elon musk- the hero we need, not the one we deserve.

---

I suspect Elon will grow his wealth if he takes control of Twitter and creates a more tolerant and inclusive platform. More users can only be good for Twitter and increase the value of his shares.

Next: DIsney.

You could make several fortunes taking over woke companies, de-wokeifying them, then selling your shares.

There is a significant issue with Elon's 13-D. It has been reported that he filed it eleven days late. That's a big problem.

Everything I've seen is he gets a fine and that it's paltry, what do you expect to happen that makes it a big problem?

Do you really think the wealthiest guy in the world is going to buy billions of dollars of a stock and not have his accountants and lawyers make sure things are buttoned up? Really?

hph6203 said:

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Everything I've seen is he gets a fine and that it's paltry, what do you expect to happen that makes it a big problem?

---

Well for starters, every person that sold Twitter shares in that 11 day window has a very valid claim against Elon for disgorgement of profits. Meaning in a civil suit, not just an SEC fine.

Second, he was pretty clearly acting in a control activist capacity, yet his initial filing was a 13-G.

aTm2004 said:

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Do you really think the wealthiest guy in the world is going to buy billions of dollars of a stock and not have his accountants and lawyers make sure things are buttoned up? Really?

---

Bro its Elon. Of course that is possible.

FratboyLegend said:

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There is a significant issue with Elon's 13-D. It has been reported that he filed it eleven days late. That's a big problem.

---

You can read propagandist-MSM articles about how he might have benefited from some nefarious delay but really, it's just propaganda. Even if he did save a hundred million on his total stake...it's chump change in the broader scheme.

The most utterly shameless propaganda sites for the CCP (Wapo/DU) just cry about how he made a little by delaying filing a form.

Again, this is above my pay grade, but the fines for such stuff are chump change to him. He may sell down for a bit and buy up as the hedge funds have to rebalance later this month/next. He may just buy a huge amount more to traumatize the propagandists further. What's funny is insinuating 'oh this guy is in huge trouble now/the walls are closing in' for filing a form 11 days late.

nortex97 said:

---

FratboyLegend said:

---

There is a significant issue with Elon's 13-D. It has been reported that he filed it eleven days late. That's a big problem.

---

You can read propagandist-MSM articles about how he might have benefited from some nefarious delay but really, it's just propaganda. Even if he did save a hundred million on his total stake...it's chump change in the broader scheme.

The most utterly shameless propaganda sites for the CCP (Wapo/DU) just cry about how he made a little by delaying filing a form.

Again, this is above my pay grade, but the fines for such stuff are chump change to him. He may sell down for a bit and buy up as the hedge funds have to rebalance later this month/next. He may just buy a huge amount more to traumatize the propagandists further. What's funny is insinuating 'oh this guy is in huge trouble now/the walls are closing in' for filing a form 11 days late.

---

A 13-D is not just "a form" my man.

TWTR traded about 100mm shares in that 11 day window. That's over a billion dollars of missed premium for the selling shareholders.

FratboyLegend said:

---

nortex97 said:

---

FratboyLegend said:

---

There is a significant issue with Elon's 13-D. It has been reported that he filed it eleven days late. That's a big problem.

---

You can read propagandist-MSM articles about how he might have benefited from some nefarious delay but really, it's just propaganda. Even if he did save a hundred million on his total stake...it's chump change in the broader scheme.

The most utterly shameless propaganda sites for the CCP (Wapo/DU) just cry about how he made a little by delaying filing a form.

Again, this is above my pay grade, but the fines for such stuff are chump change to him. He may sell down for a bit and buy up as the hedge funds have to rebalance later this month/next. He may just buy a huge amount more to traumatize the propagandists further. What's funny is insinuating 'oh this guy is in huge trouble now/the walls are closing in' for filing a form 11 days late.

---

A 13-D is not just "a form" my man.

TWTR traded about 100mm shares in that 11 day window. That's over a billion dollars of missed premium for the selling shareholders.

---

I'm not your man.

Show your work. Where are you reading that there could be huge penalties based on what precedent for filing that form, vs. the other, 11 days later. Surely...it's happened before, right? Just because 100 million shares traded doesn't mean enough investors...in a class action civil case will recover a billion dollars. Nor does it mean...you aren't pulling this out of your...nor does it mean he even cares about that.

WHOOP!'91 said:

---

Ags4DaWin said:

---

The definitely were going to push to censor him if he agreed to join the board.

Which is why he did not.

Musk at this point has very little care for his wealth and is looking to use it to benefit humanity as he sees fit.

it is looking like he sees twitter for the danger to human society that it is and is going to sink a good portion of his wealth into neutralizing it.

good for him.

Elon musk- the hero we need, not the one we deserve.

---

I suspect Elon will grow his wealth if he takes control of Twitter and creates a more tolerant and inclusive platform. More users can only be good for Twitter and increase the value of his shares.

Next: DIsney.

You could make several fortunes taking over woke companies, de-wokeifying them, then selling your shares.

---

A lot tougher to affect Disney, it's 6x the market cap of Twitter.

Elon switched his paperwork last week from passive to activist investor. He’s no longer bound by the agreement that caps the amount of Twitter he can own. He seems mad. Only getting more interesting from here.

— Alex Kantrowitz (@Kantrowitz) April 11, 2022

FratboyLegend said:

---

aTm2004 said:

---

Do you really think the wealthiest guy in the world is going to buy billions of dollars of a stock and not have his accountants and lawyers make sure things are buttoned up? Really?

---

Bro its Elon. Of course that is possible.

---

Because the guy has got to where he is by effing up over and over. Riiiight.

Sounds like the walls are closing in on Elon

Bidens leg hairs said:

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Sounds like the walls are closing in on Elon

---

Notice how when I asked 'show me your work?' The usual Disney/CCP apologists have…utterly failed to show how this is gonna have massive ramifications.

The Dem Underground threads I am sure are afire with vitriol/pathetic 'research' right now.

Ulrich said:

---

WHOOP!'91 said:

---

Ags4DaWin said:

---

The definitely were going to push to censor him if he agreed to join the board.

Which is why he did not.

Musk at this point has very little care for his wealth and is looking to use it to benefit humanity as he sees fit.

it is looking like he sees twitter for the danger to human society that it is and is going to sink a good portion of his wealth into neutralizing it.

good for him.

Elon musk- the hero we need, not the one we deserve.

---

I suspect Elon will grow his wealth if he takes control of Twitter and creates a more tolerant and inclusive platform. More users can only be good for Twitter and increase the value of his shares.

Next: DIsney.

You could make several fortunes taking over woke companies, de-wokeifying them, then selling your shares.

---

A lot tougher to affect Disney, it's 6x the market cap of Twitter.

---

Yes, but this stake in TWTR is like 1% of his wealth, which I expect to grow from this action. He can definitely affect Disney. Whether he could take it over outright is a different question, but again, one that I think could only increase his wealth. If Disney would stop chasing customers away, they would make more money. Even if the parks are sold out, the streaming services would do better.

nortex97 said:

---

FratboyLegend said:

---

nortex97 said:

---

FratboyLegend said:

---

There is a significant issue with Elon's 13-D. It has been reported that he filed it eleven days late. That's a big problem.

---

You can read propagandist-MSM articles about how he might have benefited from some nefarious delay but really, it's just propaganda. Even if he did save a hundred million on his total stake...it's chump change in the broader scheme.

The most utterly shameless propaganda sites for the CCP (Wapo/DU) just cry about how he made a little by delaying filing a form.

Again, this is above my pay grade, but the fines for such stuff are chump change to him. He may sell down for a bit and buy up as the hedge funds have to rebalance later this month/next. He may just buy a huge amount more to traumatize the propagandists further. What's funny is insinuating 'oh this guy is in huge trouble now/the walls are closing in' for filing a form 11 days late.

---

A 13-D is not just "a form" my man.

TWTR traded about 100mm shares in that 11 day window. That's over a billion dollars of missed premium for the selling shareholders.

---

I'm not your man.

Show your work. Where are you reading that there could be huge penalties based on what precedent for filing that form, vs. the other, 11 days later. Surely...it's happened before, right? Just because 100 million shares traded doesn't mean enough investors...in a class action civil case will recover a billion dollars. Nor does it mean...you aren't pulling this out of your...nor does it mean he even cares about that.

---

Calm down.

I am not reading it anywhere. I am speaking from experience, having appeared on many a 13-D myself.

Failure to disclose a 5% stake in a company is against all kinds of securities rules / regs. Doing so while racing to 9.2% is certainly acting with inside information, and, if the filing delay was intentional, fraudulent.

I love Elon, and have said so many times on this board. But what he did here was wrong.

What do I think happened? I think he's so scatterbrained he didn't bother to inform his advisors of his activities.

I think he dropped $3B on Twitter the way you or I would drop $3K at the strip club, which is to say, without much thought as to the process, and without regard for consequences.

“Elon was told to play nice and not speak freely.” - This tweet was like by @elonmusk.

Elon also deleted several tweets he made over past couple days critical of Twitter.

🤔 pic.twitter.com/qUak0pWvbu

— Dave Lee (@heydave7) April 11, 2022

FratboyLegend said:

---

nortex97 said:

---

FratboyLegend said:

---

nortex97 said:

---

FratboyLegend said:

---

There is a significant issue with Elon's 13-D. It has been reported that he filed it eleven days late. That's a big problem.

---

You can read propagandist-MSM articles about how he might have benefited from some nefarious delay but really, it's just propaganda. Even if he did save a hundred million on his total stake...it's chump change in the broader scheme.

The most utterly shameless propaganda sites for the CCP (Wapo/DU) just cry about how he made a little by delaying filing a form.

Again, this is above my pay grade, but the fines for such stuff are chump change to him. He may sell down for a bit and buy up as the hedge funds have to rebalance later this month/next. He may just buy a huge amount more to traumatize the propagandists further. What's funny is insinuating 'oh this guy is in huge trouble now/the walls are closing in' for filing a form 11 days late.

---

A 13-D is not just "a form" my man.

TWTR traded about 100mm shares in that 11 day window. That's over a billion dollars of missed premium for the selling shareholders.

---

I'm not your man.

Show your work. Where are you reading that there could be huge penalties based on what precedent for filing that form, vs. the other, 11 days later. Surely...it's happened before, right? Just because 100 million shares traded doesn't mean enough investors...in a class action civil case will recover a billion dollars. Nor does it mean...you aren't pulling this out of your...nor does it mean he even cares about that.

---

Calm down.

I am not reading it anywhere. I am speaking from experience, having appeared on many a 13-D myself.

Failure to disclose a 5% stake in a company is against all kinds of securities rules / regs. Doing so while racing to 9.2% is certainly acting with inside information, and, if the filing delay was intentional, fraudulent.

I love Elon, and have said so many times on this board. But what he did here was wrong.

What do I think happened? I think he's so scatterbrained he didn't bother to inform his advisors of his activities.

I think he dropped $3B on Twitter the way you or I would drop $3K at the strip club, which is to say, without much thought as to the process, and without regard for consequences.

---

Ok, but I think the people handling his money are…a step or two ahead of the JPM Chase/USAA etc. folks handling our checking accounts who really don't care about a night at a club etc. They are very definitely not just 'oh shucks, we shoulda told him to file this a couple weeks ago' types. I know he can be…off tune a la smoking weed with Joe Rogan on camera to tick of the SEC, but I don't think he has ever proven…financially apathetic etc.

There's no parallel out there, to my knowledge, that this 11 day oversight (or perhaps adjustment during that window when twitter started haggling about what he could/would say as a board member) would lead to 'you can't buy anymore of this Mr. Billionaire.'