Well the sale took twitter private, so Elon is no longer beholdent to share holders. Don’t get me wrong, he is an idiot and definitely deserves this downfall, but he can’t be sued by the shareholders since twitter is now privately owned.
He took it private. Bought out all of the shareholders. It’s now all his, to ruin as he pleases.
That’s why he tried so hard to get out of the purchase, by the way. Buying out all of the Twitter shareholders was staggeringly expensive, even by billionaire standards.
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Well the sale took twitter private, so Elon is no longer beholdent to share holders. Don’t get me wrong, he is an idiot and definitely deserves this downfall, but he can’t be sued by the shareholders since twitter is now privately owned.
Sued by who? Musk is the only shareholder now. He is doing what the shareholders want.
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He took it private. Bought out all of the shareholders. It’s now all his, to ruin as he pleases.
That’s why he tried so hard to get out of the purchase, by the way. Buying out all of the Twitter shareholders was staggeringly expensive, even by billionaire standards.