Elon Musk Becomes Twitter's Largest Shareholder: What's His Larger Plan and Purpose?
Crashes And Taxes Podcast · Rebecca Walser
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Show Notes
Since the recording of this episode, Elon Musk has decided to not join the Board. Rebecca views this as a more strategic move on Elon's behalf as now he will not be limited to owning a maximum of 14.9% of outstanding Twitter shares and limited by acting as a fiduciary to the company which means he would be prohibited from sharing any proprietary information regarding Twitter's algorithm.
This basically sets up Musk for a potential hostile takeover of Twitter where he doesn't have to play by their rules.
The big news this week is Elon Musk's announcement that he's now Twitter's single largest shareholder, but what does this mean for the platform and our public forum?
What can we expect to happen at Twitter in the coming months? Will this help make Twitter more of a free speech platform? In this episode, we're going to talk about the strategy behind Elon Musk's Twitter moves.