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What Elon Musk's Decision To Pull Out Of Twitter Really Means

What Elon Musk’s Decision To Pull Out Of Twitter Really Means

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 Last week no less than rollercoaster for Twitter and its employees, including CEO of Parag Agrawal and Directors, who were told Elon Musk will soon join the Council of the Company. Twitter they were relieved just a few days later when agrawal announced the Musk would not join the Twitter board. Many, including some employees are proud of their devotion to build a safer and better Twitter, sighing relief after studying the most influential criticism platform will not control the company.

Is Musk planning a Twitter takeover?

Some reasons can request the Musk’s decision not to join the Twitter Board of Directors. The most important thing is the appointment as a director will prevent it from getting more than 14.99% of shares in the company. For Musk, the richest person in the world with a clean wealth at Ballpark $ 220 billion, bought Twitter completely on the total assessment would not be a challenging mission.

With his decision not to join the Board, Musk not only retains the option to buy more than 15% of shares on Twitter (according to the new SEC filing) but even to eradicate the hostile coup if he wants. The disposal is able to be debated, but the anti-authority properties that rebel and anti-authority should not be taken lightly. Maybe, this is a “disruption” that Parag Agrawal Twitter CEO was quoted when he tweeted the announcement earlier this week. With Musk’s financial support, it is still impossible for the council to override this, but it will be better than having critical board members of the product itself. Meanwhile, Twitter still has the option to bite the “poison pill” if the Musk has ever tried to overthrow the current board and change Twitter significantly.

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