Musk tweeted CEO Pigeon: Announced that he would not join the board, has made $500 million

As one of the most active billionaires in the United States, Musk can be regarded as an Internet superstar, with its own traffic in every move, especially after the previous investment in Twitter, everyone thinks that he wants to show his fists on the Internet social platform.

However, what everyone did not expect was that Tesla CEO Elon Musk suddenly released everyone's pigeons.

On April 11, according to reports from the Wall Street Journal, Agence France-Presse and other media, Twitter CEO Parag Agrawal announced that Elon Musk, the founder of The American Space Exploration Technology Company and CEO of Tesla, will no longer join Twitter's board of directors.

"Ten-year-old user" Musk, ready to enter Twitter?

From the first tweet to the present, Musk has been active on Twitter for nearly a decade, during which time Musk has sent more than 15,000 tweets, including but not limited to playing with memes, serious discussions, and hype.

As a heavy user of Twitter, Musk, who has 80.35 million followers, often expresses his dissatisfaction with the experience of using Twitter on Twitter, especially the various speech restrictions on Twitter.

"Does Twitter abide by free speech?" "Do we need a new platform?" These tweets and votes have sparked a heated discussion about Musk, and some even think that he will support a platform like he did in the clubhouse before.

But what people did not expect was that Musk quickly announced that he was in the main Twitter.

According to a filing disclosed by the U.S. Securities and Exchange Commission (SEC) on April 4, Tesla CEO Elon Musk bought a 9.2% stake in U.S. social media giant Twitter, the founder of Twitter, Jack Musk. Nearly four times Dorsey's 2.25 percent stake has replaced Twitter's previously largest single-shareholder Vanguard Fund, which is tied with Fidelity Fund as the two largest fund managers in the United States.

In this public document, it is not directly revealed that Musk's purpose of investing in Twitter, but his follow-up behavior has made the outside world think that he will make a big fist on Twitter.

On the evening of April 5, Twitter filed another document saying Musk would join the company's board of directors for a term until 2024.

On this day, Musk also launched a poll and did a Twitter user survey.

"Do you want to add an edit button to Twitter?"

All kinds of signs make everyone think that the tech tycoon can't stand the bad experience of Twitter and is ready to go down and change the world.

But unexpectedly, Musk quickly released a pigeon.

Reinvigorate Twitter? No, Musk released the pigeons.

On April 11, Twitter CEO Parag Agravar tweeted: "Elon Musk has decided not to join our board. ”

According to the CEO, Musk's joining Twitter board was conditional on background checks and formal appointments, which would take effect on April 9 if there were no problems, but on that morning, Musk announced that he would not join Twitter's board again.

Finally, Agravar concluded his announcement with a spectacle: "Whether the shareholders are on our board or not, we have and will always listen to their valuable opinions." Elon is our largest shareholder and we will continue to accept his advice. ”

However, for Musk, not joining the Twitter board seems to be more in line with his free performance, because it is a very troublesome thing to want to reorganize Twitter.

Because the company did not have a well-established equity system to protect the founder's control of the company in the early days, before Musk took the stake, Twitter experienced several helmsmen, and even the founder Jack Dorsey was fired from Twitter's board of directors in 2008, but he returned to Twitter three years later as executive chairman and later took over the CEO position.

In response, Musk's entry has given the outside world a lot of surprises, such as the founder of the Ark Fund, Catherine Wood, who believes that Musk's shareholding is enough for him to push Twitter to change management.

As for why Musk gave up joining the Twitter board, it is not known, but in the past decade of Twitter, Musk's tweets have received a lot of attention, but there are also some tweets that have caused him a lot of trouble, and perhaps from this, we can find some clues.

"Traffic guru" Musk, a few tweets to make half a billion dollars.

Among the many tweets, perhaps the deepest price for Musk is the privatization of Tesla.

In 2018, Musk tweeted: "I'm thinking about optimizing Tesla at $420 per share, and the money is already in place." ”

Such heavy news naturally made Tesla's stock price soar by 10%, and everyone who held Tesla stock was looking forward to making more money from Musk, but in the end it was an announcement from the SEC.

According to the SEC investigation, Musk did not report the news to them before announcing the news.

Although we can see from now on, even if we bought Tesla stock at a high level and left it to this day, everyone felt that they had been played once, after all, everyone thought that no one would make such a joke about their company.

Subsequently, federal agencies charged Musk with fraud. Musk had to settle with the SEC, where he not only had to come up with a $20 million fine, but also had to give up his position as chairman of Tesla's board of directors within three years, interestingly, Musk said not long ago that the plan was genuine.

As for the third, it seems a bit serious to Musk, who in the settlement stipulates that any tweet from Musk must be pre-approved by one of Tesla's legal/regulatory compliance officers, which contains any information about the public company that could affect its stock price.

Since then, Musk seems to have been on the same page as the CEO.

In early 2019, Musk posted model 3 production figures on Twitter, and was immediately held accountable by the SEC because the tweet with vehicle production figures was not pre-approved by Tesla's lawyers.

It is not difficult to see that Musk is very good at creating hot spots, such as the tax voting event last November.

Under U.S. law, billionaires who hold large amounts of stocks and real estate can benefit from tax avoidance strategies, but ordinary people can't, so Musk began his own life.

On November 7, Tesla CEO Elon Musk launched a poll on social media, saying that he wanted to sell 10% of Tesla stock and asked if everyone supported it.

As a result, Musk made more than $23 billion from these stocks.

But even after paying a huge tax of $11 billion, Musk's wealth has not decreased in the slightest, because while he sells his shares, he can also buy Tesla stock at a low price, which makes Musk's wealth rise a lot.

In fact, Musk is very good at using social platforms for marketing and hype, and he can manipulate the company's stock price and virtual currency trend with a few tweets, which is difficult for shareholders and the SEC, and even some industries, to accept.

For example, in this acquisition of Twitter stock, Musk spent $2.89 billion to buy 73.4869 million shares of common stock, but with these waves of speculation, the value of these stocks has risen to $3.38 billion, and in just one month, Musk has made a profit of nearly 20% in this transaction.

It has to be said that Musk has mastered the wealth code.

Image from Yandex