Liberals have been in a total meltdown since it was announced that Elon Musk now has the highest shares on Twitter. Musk now owns 9.2% of the company and was even invited to have a seat at the table with the other board of directors. Elon Musk accepted the invitation and everything appeared to be settled, but that all has changed.
Seemingly out of nowhere, Musk decided to decline the invitation to join Twitter’s board of directors, sparking a lot of chatter.
The liberals began to celebrate after the news spread since they believe that Musk is some sort of “nazi”, and they want to think that he may be regretting his choice.
However, that seems to be an incredibly unlikely reason, and here is why.
It turns out that if Elon joined the board, he’d be limited on the percentage of stock he can own.
He wouldn’t be able to go higher than 14.9%.
Many speculate that Elon declined to join the board because he’s planning a “hostile takeover” of Twitter.com.
NEW – Tesla CEO Elon Musk suddenly declines seat on Twitter’s board, opening the door to hostile takeover.https://t.co/05A1wCnj78
— Disclose.tv (@disclosetv) April 11, 2022
Daily Mail reports:
Twitter stock fell 8 percent in premarket trading Monday after the social media giant revealed majority shareholder Elon Musk had refused his seat on the company’s board of directors.
Musk, who disclosed a 9.2 percent stake in Twitter just a few days ago, was offered a board seat on Tuesday, and his appointment was to become effective on Saturday. But Chief Executive Parag Agrawal announced Sunday evening that the Tesla CEO had decided to decline.
‘Elon shared that same morning that he will no longer be joining the board’, Agrawal said on Twitter, adding that he thought it was ‘for the best’.
The usually vocal Musk, 50, has not commented on his decision but early Monday morning he tweeted an emoji of a smiling face, with a hand over its mouth – supposedly an expression of rapture, a smirk, a shy smile, or indicating happiness. He then deleted it.
Several Twitter employees posted their reactions to Agrawal’s announcement, seemingly agitated by the roller coaster surrounding Musk’s involvement in the company.
‘The drama that keeps on giving,’ a Twitter staff researcher shared.
Here’s the snarky statement from Twitter’s new CEO:
“We announced on Tuesday that Elon would be appointed to the Board contingent on a background check and formal acceptance,” Agrawal continued. “Elon’s appointment to the board was to become officially effective 4/9, but Elon shared that same morning that he will no longer be joining the board. I believe this is for the best. We have and will always value input from our shareholders whether they are on our Board or not. Elon is our biggest shareholder and we will remain open to his input.”
“There will be distractions ahead, but our goals and priorities remain unchanged,” the statement concluded. “The decisions we make and how we execute is in our hands, no one else’s. Let’s tune out the noise, and stay focused on the work and what we’re building.”
At this time, it is unclear what Musk’s plans are, but I am sure we will find out soon enough.
The left would like to believe that he got cold feet, and the right thinks he’s about to make a bold, life-changing move.
In my opinion, I don’t think Elon spent billions just to be a “silent partner” on Twitter.
What do you think?
