0 sats \ 5 replies \ @cryptocoin OP 4 Apr 2022 \ parent \ on: Elon Musk Takes 9.2% Passive Stake in Twitter | Bloomberg bitcoin
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
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10 sats \ 2 replies \ @k00b 4 Apr 2022
Damn, what happened to all of Jack's equity.
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10 sats \ 1 reply \ @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.
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10 sats \ 0 replies \ @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.
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0 sats \ 1 reply \ @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
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0 sats \ 0 replies \ @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
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