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Good old activist investing. Carl Icahn would be proud.
by qualudeheart 5y ago
Good old activist investing. Carl Icahn would be proud.
- mardifoufs 5y agoActivist investors almost never buy the entire company outright. The objective is to buy enough stock to have influence on the board, pressure them to make changes that they think would be beneficial and then sell. I think the last time twitter was targeted by actual activist investors, they never bought more than 5-6% of the stock but that was enough to force Dorsey to make changes.
- MrMan 5y agoone has to wonder why those dumb old economy guys have never taken twitter apart and tried to turn it around like Musk proposes? they are probably too dumb
- Iolaum 5y agowhat works for Musk does not necessarily work for other people too
- Ekaros 5y agoYeah, any other person or company unlike Tesla wouldn't be able to fuel the levels he does... I really don't understand that, but thankfully I don't have enough money to bet against him...
- MrMan 5y agoI see his number one publicly visible skill as being a great shill and a master marketer. I agree that not everyone can do this. but is it possible there are skills that people at activist hedge funds have that Musk and his team may not have in equal measure?
- toomuchtodo 5y ago> they are probably too dumb On the contrary. They were making investments. This is Musk’s version of buying a yacht, but one that amplifies his persona and increases his wealth. Matt Levine talks about this in detail in his most recent Money Stuff piece.
- qualudeheart 5y agoI think Musk has political goals.
- mcintyre1994 5y agoHas he actually proposed anything that we know of? Other than his polls I guess? I saw one for an edit button and one to remove the w from the name.