It Is Important To Note That As Of Friday, Vanguard Is A Bigger Holder Of Twitter Than Musk... "As Adults Enter The Room."

Welp. Elon's amended Schedule 13D is on file now, at the SEC. As I said last night, between his sh!t-posting on Twitter itself over the weekend, and the complications he made for himself, in not promptly disclosing his creeping street sweep of about nine per cent, at the SEC. . . Twitter is lucky to have this as the (even if temporary, near term) outcome.

Sure -- he may spend another ~$3 billion to get north of 15 per cent of Twitter -- but I don't think that is his aim. So, so far -- he's bought a ~$3.5 billion NFT called the "Twitter Chucklehead Prize". Someone didn't advise him well, or more likely, he didn't seek advice -- as normally, one would want at least four seats on the board, for that kind of a downstroke.

The guy is, in many ways. . . an "emotional intelligence level" infant. I would expect Twitter will be fine -- and Elon will not seek out a group, to go hostile for Twitter. He will make noise, but who cares, really? The whole thing mostly demonstrates he's been. . . outplayed. Here's his amended disclosure of a few moments ago, in full:

. . .Pursuant to the April 4, 2022 letter Agreement, the Reporting Person was invited to serve on the board of directors (the “Board”) of the Issuer. On April 9, 2022, the Reporting Person informed the Issuer that he is not joining the Board.

The Reporting Person [Elon Musk] holds the Common Stock of the Issuer for investment purposes. Depending on the factors discussed herein, the Reporting Person may, from time to time, acquire additional shares of Common Stock and/or retain and/or sell all or a portion of the shares of Common Stock held by the Reporting Person in the open market or in privately negotiated transactions, and/or may distribute the Common Stock held by the Reporting Person to other entities. Any actions the Reporting Person might undertake will be dependent upon the Reporting Person’s evaluation of numerous factors, including, among other things, the price levels of the Common Stock, general market and economic conditions, ongoing evaluation of the Issuer’s business, financial condition, operations and prospects, the relative attractiveness of alternative business and investment opportunities, investor’s need for liquidity, and other future developments.

From time to time, the Reporting Person may engage in discussions with the Board and/or members of the Issuer’s management team concerning, including, without limitation, potential business combinations and strategic alternatives, the business, operations, capital structure, governance, management, strategy of the Issuer and other matters concerning the Issuer. The Reporting Person may express his views to the Board and/or members of the Issuer’s management team and/or the public through social media or other channels with respect to the Issuer’s business, products and service offerings. . . .

Except as set forth above, the Reporting Person has no present plans or intentions which would result in or relate to any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D [seeking a change of control]. However, the Reporting Person reserves the right to change his plans at any time, as he deems appropriate, and in light of his ongoing evaluation of numerous factors, including, among other things, the price levels of the Common Stock, general market and economic conditions, ongoing evaluation of the Issuer’s business, financial condition, operations and prospects, the relative attractiveness of alternative business and investment opportunities, Reporting Person’s need for liquidity, and other future developments. . . .

Vanguard will be the adult in the room, now over 10 per cent -- and a steady state investor. There will now be others, to insulate Twitter from these "Musk-ian" gyrations. That's my take on it. Smiling into a new week, here. . . baby girl off to England, then Morocco and Portugal -- come Wednesday, for a few months. We will miss her. . . . smile.

नमस्ते