Elon Musk offers to buy Twitter for 43 Billion.
- Thread starter Archetype XLIV
- Start date
I’m looking at the charts (mainly the timing on the dips & peaks in the last two years) - Twitter needs Musk. This is gonna be an interesting business study when it all shakes out
I just index invest for the most part. Is it normal to have a board of people with minimal (?no?) skin in the game? I mean I own more Twitter stock than some board members.
I was just looking at that list & had no idea the board collectively owned so little (Jack’s on his way out, too.) How is rejecting Musk’s offer not detrimental to the remaining shareholders?
I mean is it really that big of a shock that boards of big corporations is nothing but a giant popularity contest and exclusive club that you strive to be a part of?
I naively assumed they’d have more ownership of the company. Skin in the game matters. You can declare a fiduciary duty but in my experience nothing matters more than this aphorism below…
It appears that even low % ownership is still a lot of money (my first glance mental math was off). So maybe they do have more at stake than at first glance.
Like I said - this may be normal. But I figured it would be a higher %.
Like I said - this may be normal. But I figured it would be a higher %.
$42 billion x .00007 = $2.94 million.
Looks like its current stock price isn't too far off of its initial stock price.
Like you said, not necessarily a small $ amount but definitely a small ownership %.
It is hilarious at the left wingers ans media go crazy over the thought of Musk restoring free speech on Twitter.
twitter (stock) is an iceberg in the bahamas. Not worth owning IMO.
Elon Musk threatens to cut Twitter board members’ salaries to $0 as his takeover bid morphs into a referendum on the company
The world’s richest man’s Twitter takeover saga is morphing into a referendum on its board, as founder Jack Dorsey tweets his agreement from the sidelines.
