and the need to root out cryptocurrency scams that are prolific on the social media platform, which was co-founded by his friend Jack Dorsey. Musk is also among Twitter’s most watched users, with more than 80 million followers. Late Monday, he asked them — in a Twitter poll — if they wanted an edit button, a feature that many users of the platform have long requested.“The idea that Elon Musk falls within a passive category is probably a stretch.
Fisch noted that the status of Musk’s stake could change — technically, investors can file a 13G and then change their minds. A 13D requires more disclosure — shareholders have to say what their plans are, and how they’re financing the purchase of the stock. Musk and Jared Birchall, the head of his family office, didn’t respond to inquiries about his intentions. The filing with the SEC shows that the date of the event that triggered the disclosure was March 14.
Other securities law experts said that kicking off his stake disclosure with a “passive” filing gives Musk more flexibility, and keeps everyone guessing as to what his real intentions are.
Shake them up, Elon!
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