04-05-2022, 10:11 AM
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#3502
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The new goggles also do nothing.
Join Date: Oct 2001
Location: Calgary
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Joining the board is what they gave him so he doesn't buy more stocks.
Quote:
Elon Musk is joining Twitter's board of directors in a deal that prohibits him from buying more than 14.9 percent of the company's stock, Twitter announced today. The news of Musk joining the board comes one day after the Tesla and SpaceX CEO revealed that he had purchased 9.2 percent of Twitter shares.
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Musk's agreement to join the board prevents him from taking a controlling stake in Twitter. "For so long as Mr. Musk is serving on the Board and for 90 days thereafter, Mr. Musk will not, either alone or as a member of a group, become the beneficial owner of more than 14.9 percent of the Company's common stock outstanding at such time, including for these purposes economic exposure through derivative securities, swaps, or hedging transactions," Twitter wrote in a Securities and Exchange Commission filing submitted today.
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https://arstechnica.com/tech-policy/...n-edit-button/
__________________
Uncertainty is an uncomfortable position.
But certainty is an absurd one.
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