• About Us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI English
TFI हिन्दी
Tuesday, December 5, 2023
TFIGlobal
TFIGlobal
Right Arm. Round the World. FAST.
No Result
View All Result
  • Premium
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
  • Premium
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
TFIGlobal
No Result
View All Result

Elon musk could engineer a hostile takeover of Twitter

Sanbeer Singh Ranhotra by Sanbeer Singh Ranhotra
April 12, 2022
in Americas, Geopolitics
Reading Time: 3 mins read
0
musk, twitter, paypal, tesla
774
VIEWS
Share on FacebookShare on X

Elon Musk sent shockwaves around the corporate world when he bought a 9.1% stake in Twitter, making him the biggest shareholder of the microblogging platform. Elon Musk refiled his papers to classify himself as an ‘active’ investor, which means he is looking to influence Twitter’s board of directors and use his power to change the way the platform functions. But guess what, on Monday, Twitter CEO Parag Agrawal announced that Musk had decided not to join the company’s board of directors. Again, this announcement stunned the world.

Why would Elon Musk become the largest shareholder of Twitter and refuse to join the company’s board of directors, which would have helped him bring about constructive change?

Also Read

From WWII to Now: Elon Musk on America’s Compassionate Choices

Biden administration blames anti-white racism for the African situation. Cough…6th Jan…Cough

Elon Musk Planning a Hostile Takeover

There is a cap to the amount of stake a board member of Twitter can hold. That threshold is 14.9%. So, getting on the board of directors would have greatly limited Elon Musk’s plan of swallowing Twitter whole.

Now that he has refused to join the board of directors, the 14.9% cap does not apply to him. Already the largest shareholder of Twitter, Elon Musk could now effectuate a hostile takeover of the social media platform with ease and become the monarch of Twitter. Elon Musk is rich enough, and buying Twitter out would not even pinch the man. It would, however, dramatically change the way in which people around the world interact with each other.

Read more: How Elon Musk artificially inflated Bitcoin prices, made millions and left thousands of people penniless

Elon Musk despises Twitter in its current format. Since publicly revealing his investment in Twitter, Musk has tweeted several thoughts about the company’s services, including a poll gauging interest in an edit button, and floated the idea that users might pay for Twitter’s premium service using the cryptocurrency Dogecoin. Musk even went on to suggest that Twitter’s headquarters in San Francisco be vacated.

On Sunday morning, just around the time, Parag Agrawal announced that Musk would not be joining Twitter’s board of directors, the Tesla CEO tweeted: “Is Twitter dying?”. He also revealed that several of the most followed Twitter accounts “tweet rarely and post very little content.”

In fact, Twitter seems to have offered Elon Musk a seat at the high table to prevent him from going on a rampage and executing a hostile takeover of the company.

Typical Musk

It would not be the first time that Elon Musk execute a hostile takeover of a company. Do you think Elon Musk founded Tesla? No, he did not. He took it over in a rather hostile and dramatic manner.

Tesla was actually founded by Eberhard and Marc Tarpenning. Yet, Musk was the richer one. Pockets filled with money he made out of PayPal, Musk bought Tesla, invested $6.5 million in 2004, becoming its largest shareholder and chairman, and belatedly got the label of a “co-founder”. Subsequently, he took over as CEO of Tesla, and now, the company is his.

Now you must be thinking Elon Musk founded PayPal, right? Think harder folks.

PayPal is the successor of a company originally named ‘Confinity’ that came into being in 1998. Interestingly, Confinity wasn’t founded by Elon Musk, rather, it was the brainchild of Max Levchin, Peter Thiel, and Luke Nosek.

The first digital payments version of Confinity was launched in 1999. By that time, a remarkably similar platform called ‘x.com’ had come into being. Musk served as the CEO of x.com. In 2000, the two digital payments firms got merged. However, combining the two firms did not turn out to be very successful. Elon Musk took over as the CEO in April 2000 and was fired in October 2000.

Later, Peter Thiel took over as the CEO and the company got re-christened PayPal in June 2001.

It seems Elon Musk is getting ready to launch a similar external bid to take complete control of Twitter soon. Why else would he refuse to become a part of Twitter’s board of directors?

Tags: Elon MuskPayPalTeslaTwitter
ShareTweetSend
Previous Post

A full blown Serbia-Kosovo War is well on its way

Next Post

LBVS Meaning with Explanation and Definition

Also Read

Did the US just lose its “Nuclear” War with Russia? Strong evidences emerge

Did the US just lose its “Nuclear” War with Russia? Strong evidences emerge

November 30, 2023
Milei’s Economic Reverb: Rethinking Argentina’s Future

Milei’s Economic Reverb: Rethinking Argentina’s Future

November 27, 2023
US’s second Taliban moment has unfolded and every single American is in Danger

US’s second Taliban moment has unfolded and every single American is in Danger

November 24, 2023
Biden’s New CIA Mole is a Disaster in The Making

Biden’s New CIA Mole is a Disaster in The Making

November 23, 2023
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Trending
  • Comments
  • Latest
Zelensky has two shining Yachts. Biden you Lovely Rich Rascal!

Zelensky has two shining Yachts. Biden you Lovely Rich Rascal!

November 28, 2023
Did the US just lose its “Nuclear” War with Russia? Strong evidences emerge

Did the US just lose its “Nuclear” War with Russia? Strong evidences emerge

November 30, 2023
Lashon Dixon with family

Lashon Thompson aka Lashon Dixon: Biography and Career

January 30, 2022
Pig Farm Scandal, Trudeau and extremely gory details: Do you have the stomach for it?

Pig Farm Scandal, Trudeau and extremely gory details: Do you have the stomach for it?

June 29, 2023
Jagmeet’s Career will be over in 3 Months

Jagmeet’s Career will be over in 3 Months

December 2, 2023
Numbers, Facts and Data that suggest a Poilievre Tsunami in Canada

Numbers, Facts and Data that suggest a Poilievre Tsunami in Canada

December 4, 2023
Finland is the new Crimea. And Soon!

Finland is the new Crimea. And Soon!

December 4, 2023
Jagmeet’s Career will be over in 3 Months

Jagmeet’s Career will be over in 3 Months

December 2, 2023
The Hard Truth about CSIS, a HELL for Women!

The Hard Truth about CSIS, a HELL for Women!

December 1, 2023
After Sweden, Slovakia and the Netherlands, Romania is also going RIGHT

After Sweden, Slovakia and the Netherlands, Romania is also going RIGHT

December 1, 2023
Youtube Twitter Facebook
TFIGlobal
  • About us
  • Contact Us
  • Terms of use
  • Privacy Policy

©2023 - TFI MEDIA PRIVATE LIMITED

No Result
View All Result
  • Premium
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

©2023 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Follow us on Twitter

and never miss an insightful take by the TFIGlobal team

Follow @tfiglobal
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.