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gary K
CNBC Television
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Comments by "gary K" (@garyK.45ACP) on "Twitter shares surge after Elon Musk takes 9.2% stake in company" video.
If a 9.2% stake is enough to cause the stock to "surge" it is also enough to cause the stock to "crash". I think there may be some Twitter policy changes coming. š¤£
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Ā bill tedĀ When a single person has a huge influence on the value of a stock, as Musk evidently has, he can influence the value of the stock, up OR down, by his actions out of proportion to the 9.2% of share he owns. Which means he can influence the company out of proportion to the 9.2% he owns. 9.2% is enough to get him a seat on the Board of Directors, for one thing.
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