suggesting changes to Twitter, including making the site ad-free. Nearly 90% of Twitter's 2021 revenue came from ads.
Twitter gave Musk a seat on the board on the condition that he not own more than 14.9% of the company’s outstanding stock, according to a regulatory filing. Spatt said that Musk, as the largest shareholder, could potentially “swing back hard” at Twitter executives and board members and force the company to move in a new direction.
Shares of Twitter Inc., which jumped nearly 30% after Musk’s stake became public last week, fell almost 2% at the opening bell Monday. Musk's latest trouble with the SEC could be his delay in notifying regulators of his growing stake in Twitter.over the weekend referencing potential changes at Twitter.
Source: News Formal (newsformal.com)
Man, he was sure scared off by the liberals I guess!
Oh no
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