Like I don’t get it, he owns 9% of the shares, doesn’t he still need like 42% of other shareholders to vote in in as CEO? So isn’t he still subject to the will of the other shareholders? 🤔
(Disclaimer: I have no idea how this works, which is why I’m asking)
Twitter is private, there’s no public shares anymore. The number you found was his stake before he purchased all the shares and before Twitter was taken off the markets.
Yes you need to have 50%+1 share to have complete control over a company.
Twitter probably still has shareholders, but that’s between Musk and them. Think about Shark Tank, when they say “I’ll offer X$ in exchange for Y% of the company.” Well Musk had to get the money to buy Twitter from somewhere.
Shark Tank ❌
Dragon’s Den ✅
Aren’t they pretty much the same thing, one in the US the other in the UK?
The US one is over-dramatized
Ah ok, not surprising really. I’ve never watched either, only the French Canadian version way back when.