twitter: what power does this actually give musk
---Whats the exact percentage of twitter Elon owns?
---9.2%
---And how does he use that to leverage control over Twitter's direction? I get that he technically owns 9.2% but realistically what authority does that give him? He can threaten to sell off all of his shares or something?
---As I understand it 9.2% makes him Twitter's largest individual shareholder. Obviously that is not enough, in and of itself, to influence the direction, but it's a good start.
He can:
-Continue to quietly accumulate shares as they are sold on the market.-Use his public figure and status to persuade other shareholders to vote in line with his opinions.-Sell all 9.2% if he doesn't like the direction, which would likely cause a significant price dip.It's not absolute power but he definitely has influence. $Twitter (Delisted) (TWTR.US)$ $Tesla (TSLA.US)$ $Meta Platforms (FB.US)$ $Microsoft (MSFT.US)$
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MoneyComesMoneyStays : He got a seat on the board but even that doesn't let him make all the decisions that would take great than 50%.
Deezy_McCheezy OP MoneyComesMoneyStays :