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Twitter was up 20%+ based on his arrival. That is valuable to everyone. He is the largest shareholder.
by tempnow987 5y ago
Twitter was up 20%+ based on his arrival. That is valuable to everyone.
He is the largest shareholder.
- JamisonM 5y agoSorry, I don't understand how this reply relates to my comment. Are you saying that the price bump will keep him on the board? The fear of a drop will keep him on the board? I can see that, but in the long run the valuation shouldn't be affected unless he is actually a good member of the board.
- tempnow987 5y ago"Can Musk keep his board seat? That is my question, being an unruly character when you don't have full control usually gets you turfed from a board" The short answer was that yes, because investors will believe he will add value and so will keep him on the board. And investors are the ones that decide. Separately, it's possible this was done as part of a non-aggression pact.
- JamisonM 5y agoI guess the short answer was no, since he didn't even get it! I suppose my original point stands!
- phatfish 5y agoEverything "goes up" when Elon first gets near it. That's the benefit of an army of Twitter worshippers. Whether there is any lasting value to his involvement beyond the pump is the question. If he kills the stupid pop-over login box that's supposed to force me to make an account I'll call that lasting value.