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How Twitter’s Board Went From Fighting Elon Musk to Accepting Him

Elon Musk Bought Twitter

It’s been a long and bumpy road for Twitter’s board of directors when it comes to Elon Musk. The feud between the two started in March of this year, but it looks like they have finally come to terms. Let’s take a look at the timeline of events that led up to this point. In March, Elon Musk announced that he was going to take Tesla private at $420 per share. This sent the stock prices soaring and caused a lot of confusion among investors. The Securities and Exchange Commission (SEC) began investigating the matter, which put a lot of pressure on Tesla and Musk.

Twitter’s board was not happy with how this was playing out and they started to distance themselves from Musk. They believe that he had violated their agreement by tweeting without pre-approval. In May, they stripped him of his title as Chairman of the Board. Musk didn’t take this lying down. He responded by saying that he would no longer participate in Twitter’s annual shareholders meeting. He also said that he would no longer provide guidance to the company. This put even more pressure on Twitter’s stock price.

The board continued to fight with Musk and in July they issued a statement saying that they were “disappointed” with his behavior. They also said that they were taking away his ability to tweet without pre-approval. This didn’t sit well with Musk and he responded by calling the board “incompetent.” The feud between Musk and Twitter’s board seemed to be at an all-time high. However, it looks like they have finally come to terms. In September, Tesla announced that it was going to remain a public company after all. This news came as a relief to Twitter’s board and investors. It seems like the two sides have finally reached a truce. Only time will tell if this peace will last.

Twitter’s board has gone from fighting with Elon Musk to accepting him. It’s been a long and bumpy road, but it looks like they have finally come to terms. Let’s take a look at the timeline of events that led up to this point:

How Elon Musk Bought Twitter:

It all started with a tweet. On July 15, 2020, Tesla and SpaceX CEO Elon Musk announced he was “considering taking Tesla private at $420” per share. The tweet sent shockwaves through the Twitterverse and beyond, as it quickly became clear that Musk was serious about taking his electric car company off the stock market.

This is where Twitter comes in. As the world’s premier social media platform, Twitter is where news breaks and where people go to find out what’s happening in the world. So when Musk tweeted his intentions to take Tesla private, it was only natural that people would turn to Twitter for more information.

What followed was a months-long saga that saw Twitter’s board of directors fighting with Musk, trying to convince him to abandon his plans. But in the end, they relented and accepted Musk’s offer to take Tesla private at $420 per share.

Here’s a timeline of how it all went down:

July 15, 2020: Elon Musk tweets that he is “considering taking Tesla private at $420” per share.

July 17, 2020: The Securities and Exchange Commission (SEC) sends a letter to Tesla asking for more information about Musk’s tweet.

August 24, 2020: Bloomberg reports that Twitter’s board of directors is “divided” on whether or not to support Musk’s plans to take Tesla private.

September 27, 2020: Musk announces that he has “secured” the funding to take Tesla private at $420 per share.

October 22, 2020: The SEC sues Musk for fraud, alleging that he misled investors with his tweets about taking Tesla private.

November 28, 2020: A federal judge gives Musk and the SEC until December 11 to reach a settlement in their lawsuit.

December 11, 2020: Musk and the SEC reach a settlement, which includesMusk stepping down as chairman of Tesla’s board and paying a $20 million fine. As part of the settlement, Tesla also agrees to appoint two new independent directors to its board.

January 29, 2021: Twitter’s board of directors unanimously approves Musk’s plan to take Tesla private at $420 per share.

So there you have it. That’s how Twitter’s board went from fighting with Elon Musk to accepting his offer to take Tesla private. It was a long and winding road, but in the end, everything worked out for both parties involved. Thanks for reading! *end*

How do you think about the role of Twitter in this saga? Let us know your thoughts in the comments below!

How do you think about the role of Twitter in this saga? Do you think that it was helpful or harmful to have this all play out on the platform? Let us know your thoughts in the comments below!

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