Elon Musk’s $US44 billion takeover of Twitter started out as the world’s most expensive joke. But it’s long stopped being funny, especially for shareholders of Musk’s electric vehicle giant Tesla., taking share sales in the past year to a staggering $US40 billion.Musk promised in April he wouldn’t sell more stock, and didn’t tweet an explanation for the latest sales.
But the damage to Tesla has been even more spectacular. Its market capitalisation peaked at $US1.4 trillion in November last year, but has fallen to $US497.9 billion. “The board needs to act and ultimately stop this madness,” Ives told this column. “Communicate a [stock] selling plan for Musk, so it’s not a surprise to the street and give up his CEO role at Twitter.”
Denholm may be able to persuade Musk to take a more programmatic approach to share sales, but whether she can convince the eccentric entrepreneur to give up being CEO of Twitter is another thing.
Getting some mileage out of this aren't you?
to do what....stop a share holder selling shares....🤣🤣🤣
elonmusk
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Twitter suspends account that monitors flight paths of Elon Musk’s private jetBillionaire had vowed to allow ElonJet to continue on free speech grounds last month after acquiring social media firm I thought he championed free speech 😉😂 Poor Elon and his hurt widdle feewings. *is probably getting banned next* Fair enough now that the democrats are being exposed for all their corruption and how they worked with FTX to steal their bases money and also giving crypto a bad name. No doubt his life is in danger.
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