Tesla founder Musk, can be described as an unusually active, influential and most unprofessional pry expert, his every move continues to affect the judgment of every member of the crypto circle, DOGE has been due to Musk's promise not to sell Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE) soared for a short time, reaching the highest point of the trend in the past two months, and then fell back to the original level. A single sentence can affect THE PRICE MOVEMENT OF DOGE, and the market's reaction always seems to be a firm response to Musk's various initiatives.
It was recently reported that Musk bought a 9.2% stake in Twitter, becoming the first shareholder of the world's largest social platform. Later, on April 4, 2022, the U.S. Securities and Exchange Commission (SEC) disclosed that it revised this information to show that Musk had held 9.1% of Twitter's shares, instead of the previously reported 9.2%, but remained Twitter's largest shareholder. Because of Musk's behavior, Twitter's US stocks rose more than 27.1% before the market, which caused a lot of fluctuations. At one point, the market thought that Musk bought a stake in Twitter to open the door to a reshuffle of Twitter's management, promote Twitter's freedom of speech, gain some privileges in Twitter, or use Twitter to start his own WEB3.0 social media? But none of the events that followed seemed to prove these speculations.
On April 5, Twitter's CEO said he would appoint Musk, who bought 9.1 percent of the shares, as a board member, saying that "Musk is both a fanatical believer and a strong critic of Twitter, which is exactly what we need on Twitter." However, on April 6, Twitter said that although Musk became a shareholder of Twitter, Musk did not have privileges in Twitter and may still ban his account for specific reasons. Then, on April 11, the news said that Musk declined the invitation of Twitter's board of directors and said that he would not join the board; Twitter CEO said that "Musk is our largest shareholder, and we will continue to accept his opinion." "This twist and turn is confusing, and the market has also risen and fallen. What exactly did Musk buy Twitter's stake for? What has Musk done in the past few days since joining the Twitter family?
According to the information that can be viewed at present, musk's first move after becoming the largest shareholder in addition to the release of forbes on the 2022 global billionaire list was to launch a "Do you want to edit button?" on Twitter. The result of the vote was that more than 4 million netizens participated, and more than 70% of netizens said "Yes". Immediately after that, Twitter posted confirming that the edit button was being tested under the impetus of Musk. Jay Sullivan, Twitter's vice president of consumer products, tweeted: "For years, editing was the feature that users craved the most. Users wanting to instantly fix (and sometimes embarrassingly) bugs, spelling errors, or unthinking content can seem like a smart decision.
In addition to this one push, Musk has not stopped on Twitter. First posted "Is Twitter dying?" Then delete it, and suggest that Twitter remove the "w" from "Twitter" and change the name to Titer (snickering). Musk even suggested in a series of tweets that Twitter revamp Blue, a premium service that is only aimed at some countries in Europe and the United States: including cheaper subscription prices, hidden ads and cryptocurrency payment options, and whether it can be paid through Doge. Each of them is very personal and worthy of Musk's upcoming colonization of Mars.
Perhaps more significant of this is musk's release of a poll of his tens of millions of Twitter followers, in which he proposed converting Twitter SF's headquarters into a homeless shelter, with more than 1.5 million people voting and 91 percent voting in favor.
Because San Francisco, one of the most expensive cities in the world, has seen a surge in homeless population in recent years because of the huge increase in the cost of living. Twitter's headquarters in downtown San Francisco is actually empty, with employees working from home or remotely. Musk said: "I'm serious about this. His space race rival, Jeffbezos, the world's second-richest man, expressed support for the idea on Twitter. Unfortunately, the final voting result was deleted, and the result is self-evident.
One Wittenbus analyst, Daniel Ives, made a guess in a note to investors that the reason Musk bought a stake in Twitter but didn't join the board was likely to be playing a "power game" between Musk and Twitter, "he took a more hostile stance on Twitter and may have further increased his active stake in Twitter by increasing his stake";
According to the internal restrictions of Twitter's board of directors, shareholders cannot hold more than 14.9% of the shares, which means that if Musk joins the board, he will not be able to obtain more than 14.9% of the shares, and therefore will not be able to gain a voice on the board, not only can not take over Twitter, but also can not have much impact on Twitter services, because it is very difficult to affect the board's product decisions. Musk may have bought shares in Twitter with the intention of acquiring and influencing Twitter, influencing Twitter's purpose by giving up board seats in order to eventually buy more shares in Twitter.
So far it is speculation and inference, but if this is indeed the case, then Musk's seemingly marginal series of behaviors have greater ambitions and longer-term goals behind them, and Musk's current influence on the market and the number of followers, after mastering Twitter, will make his personal influence reach an unprecedented height.
Source | Part of the source network information
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