Elon became Twitter’s biggest shareholder when he spent billions and gained 9.2 % of the company.
At that point, Twitter’s CEO Parag invited Elon to join the Twitter board of Directors and Elon accepted the invite and was eager to make “changes” to the company.
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Right after Elon said he’d join, Parag made a statement that said “No matter what, Trump will not be allowed back on the site.”
Right after that, Elon began tweeting a lot of negative things about Twitter, like turning the San Francisco HQ into a “homeless shelter,” taking the “w” out of the name, and making it “Titter.”
Clearly – he was annoyed by something that the rest of Twitter’s shareholders and board of Directors have said and done on the matter.
It was Elon’s decision, not Twitter’s.
But it was now painfully obvious there was a lot of stuff going on behind the scenes.
Many people speculate that Elon, who thought he could make changes on the board, got tremendous pushback from Twitter, and that’s he pulled out of the deal.
Doing this would now enable Elon to unleash a “hostile takeover” of Twitter — because if he was on the board, they would cap his stock purchasing at 14.9%.
To the point – his recently liked post on Twitter reveals even more!
Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk
— Parag Agrawal (@paraga) April 11, 2022
“Let me break this down for you: Elon became the largest shareholder for Free Speech Elon was told to play nice and not speak freely”
That is the tweet Elon “liked,” and I took a screenshot of it:
Freeing himself to buy up more of the company, and make the changes he wants, HIMSELF.