No Stupid Questions@lemmy.worldEnglish • 3 months ago

How do shares work? How does musk control twitter if he only owns 9% of the shares?

No Stupid Questions@lemmy.worldEnglish • 3 months ago

Like I don’t get it, he owns 9% of the shares, doesn’t he still need like 42% of other shareholders to vote in in as CEO? So isn’t he still subject to the will of the other shareholders? 🤔

(Disclaimer: I have no idea how this works, which is why I’m asking)

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@ori@lemmy.world
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22•3 months ago
The Company isnt publicly traded anymore, so he bought the entire thing. 9% was just the start.
- snooggums
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  7•3 months ago
  Thank you for stating it directly and clearly.

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