rapsuperstar31 said:
I think it could go multiple directions, Elon may hold onto his shares and the stock may rise and fall like all the meme stocks tend to do whenever someone tweets something positive about it. Elon could sell all of his shares and the stock could tank, or Elon could try a hostile takeover and try to buy Twitter outright in which case the shares could jump. |
If Elon truly thought a board seat would help, he would accept. That's likely why he's not joining the board. He strongly feels it wouldn't make much difference.
It would also become much more of a liability if he joined the board. If the board ever decided, or has already decided, they'd want him out, it would be too much of a headache and risk for Elon.
It's much easier to do what he wants with Twitter as a mass shareholder from the outside, assuming that's the plan, big changes, his way, the easy way.
Maybe Elon knew this already, maybe he wanted to test the waters first, but this looks to me that Elon's plan is to simply become the majority shareholder, sooner than later.
Then Elon doesn't need a board seat because he becomes the board himself. (Not really, but he'd call the shots in the end, period).
