How do shares work? How does musk control twitter if he only owns 9% of the shares?

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No Stupid Questions@lemmy.worldEnglish · 4 days ago

Like I don’t get it, he owns 9% of the shares, doesn’t he still need like 42% of other shareholders to vote in in as CEO? So isn’t he still subject to the will of the other shareholders? 🤔

(Disclaimer: I have no idea how this works, which is why I’m asking)

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2 days ago
Musk was forced to buy Twitter after trying to get out of the deal. So no hostile takeover happened.

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