The CEO of Twitter disclosed late on Sunday night that Elon Musk has declined the board seat at Twitter. [Candidly, it could be due to other SEC "entanglements" -- as at right.]
[Musk is now presumably free to buy over 15% of Twitter -- though I bet he. . . won't. He will just. . . sh!t-post, is my bet. Very mature.]
He had tweeted some cynical, snarky stuff over the weekend about Twitter -- not a good look for a fiduciary to the company.
It may also be due to the fact that Vanguard Group went over 10% on Friday -- which means Musk is NOT Twitter's largest shareholder any longer. Being. . . a small(er) voice may not sit well with him. Who knows?
So yeh -- he can't handle "adulting" roles. Charming.
Footnote: what might it mean for the joint Jack/Elon Solar Texas Bitcoin Mine?!
Again, who knows?
Just off the top of my head, my bet would be that it goes ahead as planned. As ever though, with Musk -- you never really know; so we will see.
नमस्ते
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