Market Watch – In a story about Elon Musk becoming Twitter stocks largest shareholder, Healthy Markets Executive Director Tyler Gellasch is quoted saying “Musk’s new 9.2% stake by itself does not give him any direct control of Twitter. The question then becomes even if he doesn’t explicitly have direct control or formal control, will he seek to gain it or exercise it in some way? Given his high profile engagement on Twitter, it seems like he would. Still, Gellasch noted, There’s a pretty big blurring of the lines between what’s passive today and what’s active tomorrow. The SEC rules really haven’t kept pace with the shifting nature of investors’ engagement.”(Full Story).
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