Elon Musk Takes 9.2% Passive Stake in Twitter | Bloomberg \ stacker news ~bitcoin

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Elon Musk Takes 9.2% Passive Stake in Twitter | Bloomberg archive.ph/UtU2E

135 sats \ 27 comments \ @cryptocoin 4 Apr 2022 bitcoin

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112 sats \ 3 replies \ @avg 4 Apr 2022

Wondering when he will invest in SN.

10 sats \ 1 reply \ @k00b 4 Apr 2022

You there @elonmusk?

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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31 sats \ 1 reply \ @freetx 4 Apr 2022

if played correctly could make him a ton of money.

wait for twitter to go-woke / broke / and become a damaged commodity in mind of public
buy in
hype up "we are returning to free speech" + re-enable high profile banned accounts. (trump, alex jones, whatever)
wait for crowd to flood back in with huge engagement numbers - stock jumps on new numbers
sell

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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20 sats \ 1 reply \ @TheBTCManual 4 Apr 2022

Well it was going woke anyway, lets see if his "passive stake" disrupts that trend or amps it up

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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11 sats \ 1 reply \ @k00b 4 Apr 2022

Archive link is broken by the looks of it.

Weird time to buy in when twitter is going haywire - and by his own account.

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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10 sats \ 1 reply \ @zuspotirko 4 Apr 2022

Murdoch has Fox and the Wsj, Bezos has the Washington Post and Elon wants a piece of the cake as well.

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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0 sats \ 13 replies \ @cryptocoin OP 4 Apr 2022

An archive for this post was used as an archive can be easier to read. The source link is:

Elon Musk Takes 9.2% Passive Stake in Twitter
https://www.bloomberg.com/news/articles/2022-04-04/elon-musk-takes-9-2-passive-stake-in-twitter-l1kk5qd8

0 sats \ 11 replies \ @cryptocoin OP 4 Apr 2022

Here's another article:

Musk’s 9.2 per cent Twitter stake would make him the largest shareholder in the company. Notably it’s more than quadruple the 2.25 per cent position of founder Jack Dorsey.

Elon Musk becomes Twitter’s largest shareholder
https://www.ft.com/content/29b9c884-02d7-4d1c-a4ab-c862242fa76e
https://archive.ph/t27KL <-- An archive, which may be easier to read

10 sats \ 5 replies \ @k00b 4 Apr 2022

Damn, what happened to all of Jack's equity.

10 sats \ 3 replies \ @cryptocoin OP 4 Apr 2022

And I wonder what happened to all of Elon's equity in PayPal (which then some of which became equity in eBay).

Wait, I'm guessing he liquidated it and then invested those funds into what he felt would help create the world he wanted to see.

Which, for Jack, maybe that involved accepting deals that diluted his Twitter stake but raised funds he put into Square.

10 sats \ 1 reply \ @k00b 4 Apr 2022

Yeah, he probably just liquidated and got diluted over time. Twitter is 15 years old after all and he had a bunch of cofounders. It just makes me think of Saylor's 23.70% stake of Microstrategy which is 20 years old (but also has a much tinier market cap). According to Wikipedia he "controls" 70% of the shares ... but there's no source for that number afaict and it's probably wrong.

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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0 sats \ 3 replies \ @cryptocoin OP 4 Apr 2022

And this article from The Block:

When another Twitter user asked [if Musk] was considering building a new social media platform that would consist of an open-source algorithm and promote free speech, Musk replied that he was giving it serious thought.

In 2020, [Musk] tweeted, "Social media is a limbic amplifier, which inherently destabilizes civilization."

Elon Musk has taken a 9.2% stake in Twitter
https://www.theblockcrypto.com/linked/140426/elon-musk-has-taken-a-9-2-stake-in-twitter
https://archive.ph/pg1zh <-- An archive, which may be easier to read

0 sats \ 1 reply \ @cryptocoin OP 4 Apr 2022

And from CoinDesk:

[Musk] is a staunch backer of cryptocurrencies and often uses Twitter to dispel his views on cryptos.

Elon Musk Takes 9.2% Stake in Twitter: Report
https://www.coindesk.com/business/2022/04/04/elon-musk-takes-92-stake-in-twitter-report
https://archive.ph/LB7FP