> This is the second line in the linked filing, and something a number of people have not read.
Not sure it's that it was left unread or if it just doesn't matter.
As best as I can tell, it just means he won't overtly threaten the company with a takeover or equivalent because he's been given soft power to influence.
My lay reading suggests that Twitter is now basically operating at his whims to keep him from leaving the board and executing a takeover plan 90 days thereafter.
>> he won't overtly threaten the company with a takeover or equivalent
Well, he can overtly threaten all he wants. He can begin the process. He can make all the money arrangements and make agreements with other shareholders. He just cannot complete the takeover by actually acquiring more stock (or other instruments) until after 90 days. Imho that isn't a practical limit on threats.
> My lay reading suggests that Twitter is now basically operating at his whims to keep him from leaving the board and executing a takeover plan 90 days thereafter.
Honestly, it might be amusing if he does do that. Twitter stock looks to still flat from the IPO price, even after the spike after this announcement.
I say, let him tie up a significant portion of his net worth in a vanity project with no real growth potential.
Not sure it's that it was left unread or if it just doesn't matter.
As best as I can tell, it just means he won't overtly threaten the company with a takeover or equivalent because he's been given soft power to influence.
My lay reading suggests that Twitter is now basically operating at his whims to keep him from leaving the board and executing a takeover plan 90 days thereafter.