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Twitter Turning Into X Is Set to Kill Billions in Brand Value
(www.bnnbloomberg.ca)
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this post was submitted on 25 Jul 2023
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What I don't understand is how he can still be in charge, at all? Do shareholders not have any legal mechanism to get him removed?
He is the only share owner. He bought the whole company.
The second largest investors in Elon's Twitter are the Saudis. They might not take kindly to such antics.
The Saudi Arabians have hated Twitter for over a decade now thanks to the role it played in the Arab Spring movement. I wouldn't be surprised if they helped Elon buy it just to kill it.
Yes, that does make a lot of sense. A few billion to take down Twitter is a great investment for them.