Musk’s ‘passive’ Twitter stake starts with poll on edit button


Musk is 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. — AFP

When Elon Musk disclosed his stake in Twitter Inc, he had a choice.

Shareholders who intend to remain “passive” – those who don’t seek to influence or change control of a company – file a shorter form with the US Securities and Exchange Commission, called a 13G. Those angling for board seats or seismic shakeups typically file a longer and more in-depth form, a 13D, within 10 days of buying their stake. The rule applies to anyone acquiring 5% or more of a public company’s stock.

Subscribe to The Star Yearly Premium Plan for 30% off

Cancel anytime. Ad-free. Full access to Web and App.

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.39/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a subscriber? Log In