Elon Trolls the SEC
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Slate
3.9 • 1.1K Ratings
🗓️ 8 April 2022
⏱️ 19 minutes
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Summary
With 9.1% ownership of Twitter—and a board seat—Elon Musk is the new master of Twitter's future. Why did the wealthiest man in the world just take over the world's most influential platform?
Guest: Ranjan Roy, writer of the Margins newsletter
Host: Lizzie O'Leary
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | Just a quick warning before we get started, there is a reference to a graphic act in this episode. |
| 0:06.2 | Okay, here's the show. |
| 0:12.3 | Hi, hey, how's it going? |
| 0:14.1 | Hello, hi. |
| 0:16.4 | I called up Ranjan Roy this week because he's one of the few people in the tech media world whose ideas consistently fascinate me. |
| 0:25.0 | We once had him on the show to talk about arbitrage and pizza. |
| 0:29.5 | How long have you been on Twitter? |
| 0:31.9 | 2008. |
| 0:33.3 | Ooh, long-time user. |
| 0:35.2 | Long-time user, yep. |
| 0:37.1 | Ron John writes the newsletter, margins. |
| 0:39.4 | And the most recent issue is all about Elon Musk and the 9.1% stake he just bought in Twitter. |
| 0:46.8 | Elon Musk has bought nearly 10% of Twitter for an investment of around $3 billion. |
| 0:54.0 | That was Monday. |
| 0:56.0 | A day later came this news. |
| 0:58.4 | We've got some breaking news to bring you right now, which is that Elon Musk is now being appointed to Twitter's board of directors. |
| 1:09.3 | While everyone else was trying to process the world's richest man |
| 1:13.0 | buying a slice of his favorite megaphone, Ron John was formulating a theory |
| 1:17.4 | that the whole thing was wrapped up in Musk's running fight with the Securities and Exchange Commission. |
| 1:27.0 | The SEC has long wanted Musk to dial back the tweeting. |
| 1:31.8 | Instead, he was doing the opposite and ramping up his legal fight with the agency. |
| 1:37.0 | In early March, I had made a bit of a fuss that Elon Musk was up to something based on his behavior with what he was doing |
... |
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