3 ms·

Would it change anything if Elon already (indirectly) controlled more than 15% as a poison-pill-anticipation measure, but just said he controls less?

• HWR_14 5y ago
  If he lied when they were setting up the poison pill, Twitter'd probably win the inevitable court case, and he'd get in trouble for misrepresenting his position.
  • maratc 5y ago
    In my hypothesis, which is of course entirely hypothetical, he didn't lie when he said "I control 12% of Twitter".
    • HWR_14 5y ago
      Sure he did. The law recognizes his indirect control as possibility and all the SEC forms specify when they ask how much he controls they're including via those mechanisms. I mean, if he owned some Google stock, and Google decided to buy 1% of Twitter, that would probably be different, because Elon wouldn't own enough of Google to make them do anything or even be aware of their investments. But if Tesla did, or he bought index funds that included Twitter, then yes.
      • maratc 5y ago
        I understand, thanks. Just wanted to be sure: did he have to necessarily fill out these forms before he said "I control x% of Twitter", or could it be that he didn't have to fill them out, and in practice didn't fill them out?
        • pas 5y ago
          it's possible that the filing has a few days deadline after the event