Hey everyone: we got to talk about what the implications are of what elon musk had just did and what it could mean for you. But first we got to honor the fact that elon musk just pulled off an over billion dollar profit trade buying twitter. For around thirty two five to thirty three dollars per share and it now being worth almost fifty dollars per share. He spent about two point: four billion dollars acquiring just over 74.5 million shares of twitter and they're now worth about 50 more than when he bought them, which is really incredible.

But you know what is also really incredible is when he bought those shares. Take a look at this, i'm personally very excited about this elon musk bought these shares on march 14th, which becomes important for a few reasons because of what talking elon musk has done on twitter, specifically after march 14th, especially around march 24th, 5th and 6th. But what's really really cool about march 14th? Folks, you might remember this, especially if you're a consistent watcher of the channel. Oh and of course, this video is brought to you by ftx, so check out ftx via the link down below to incorporate trading views ta into your purchases of cryptocurrency check that out by going to metken.com ftx, but take a look at this folks exactly on march 14Th right here i wrote the following: i wrote on twitter.

This is peak fear in the stock market, triple bounce on the qq low, buying pressure, pre the fed meeting and max uncertainties on war, inflation and recession, which is really incredible, because this is what i went. Heavy back in the market march or feb 24 and march 14th - i'm like this is it. This is potentially the last time to really go heavy buying the dip. Now, i'm not trying to take credit for elon musk buying then, but he ended up buying right here and the stock has been up since then about 30.

Prior to now, this 20 rally that we're seeing here, which is really incredible. But you see that inflection point not only here on twitter stock, but of course you see that on the nasdaq, as well with a slight little pause that we've had over the last couple trading days towards the end of the quarter last week. So why do i think this is incredible? Well, first of all, it's incredible for two reasons. One elon musk is a freaking by the dipper uh.

Let's go like that is so freaking cool. I love it and i'm not trying to like take credit like i doubt, elon musk watches me or looks at my tweets on twitter or whatever, but what's really actually cool about? This is the second thing. Elon musk has now taken a majority or, i should say the single largest shareholder position of twitter, which was really neat about that is. He bought just enough shares to bypass vanguard, morgan stanley and blackrock very very influential companies right here.

You can see the positions of the various different shareholders, and so he's got the largest position at about 9.18. What's really neat about this, is he can now uh take a lot of control of well certainly of about nine percent of all the votes uh for when, when there are uh shareholder meetings to uh, appoint somebody to the board of directors which remember the board of Directors they're the ones who hire a ceo, a coo chief financial officer, operating officer, executive officer, right. They they hire the executive staff so having somebody like elon musk having a 10 almost a 10 say here about 9.18, doesn't necessarily mean that elon musk has complete control over the company. It's you know, you would need 51 percent of shares to have complete control, but with the largest single position, he's got a very large voice.

He could swing a lot of different elections and, in addition to being able to swing elections, guess what he could probably just put a tweet out going. Hey everybody, i'm nominating somebody to the board of twitter. Can all twitter twitter shareholders. Please make sure to vote in this upcoming shareholder election and vote for this person.

Here's why boom? He could effectively amass 50 control of twitter with a 10 or 9.18 stake, because he has such a strong social media following uh, specifically on twitter, which is really neat. But what else is really neat well or what could this potentially mean? We'll take a look at some of these tweets from elon musk, so on the 25th elon musk says, free speech is essential to a functioning democracy. Do you believe that twitter, religiously or sorry, rigorously adheres to this principle? 70 percent of individuals said no now this is 10 days after elon. Musk has already purchased uh shares of twitter.

It's actually 11 days after elon musk, already purchased, shares of twitter, and what's neat about that, is he's probably taking that information to people within twitter's executive circle already and he's showing them like. Let's just survey the people and see what they think look at this. He says twitter algorithm should be open source 83. Yes, 1.1 million votes.

I mean. That's, that's not even a question. This is absolutely phenomenal. Here's another one given that twitter serves as a de facto public town square, which is really neat that reference to town square, especially even since you have like speaker's corner in london, where people put up a box, they can get up on a box and they can Talk about whatever they want and people come debate them and argue with them.

It's really great, it's a sight to see, but anyway, and that's not the only town square, obviously, but anyway, failing to adhere to free speech. Uh principles fundamentally undermines democracy. What should be done and then he writes, is a new platform needed now. I i personally didn't think he was actually thinking about like making his own platform, although that's entirely possible.

I think it's much easier to express influence where the people already are. I mean we see what's happening with dweck, which might be going through a short-term stumbling block uh in in terms of getting users actually registered and onto the website. It's obviously easy for the left to just rail on donald trump into act, but don't worry so much about dwac focus on the fact that now elon musk has has really used his influence already on twitter to send clear signals to the staff at twitter that these Are the things we've got to handle jack dorsey has also recently stepped down from twitter, so twitter's really ripe for a revolution so to speak, and this is very, very exciting again for two reasons: one elon musk's a pro by the dipper and number two. Well, hey big change might be coming to twitter.

Now, fundamentally, am i jumping up and down for twitter? Well, you got eps expected for 2022 of 73 cents at 50. Bucks divided by 0.73. That's now selling for about 68 times 2022 earnings, and if we go out to 2024, it's selling for 1.57 on the eps about 32 times 2024. Only so it's a little pricey, it's obviously a tech stock.

It's not something that i would chase. I think between now and when we might actually see real change at twitter, there'll probably be a somewhat of a lull in the stock price, unless, of course, the entire market rallies. As we become less nervous about a recession which elon musk was one of the first people to call for a recession and now he's spending billions of dollars on stock. So i wonder, if he's sort of like backtracking on that, but i think that's probably a topic for a different video anyway check out ftx via the link down below thanks.

So much for watching we'll see you next time.