Former Facebook security chief Alex Stamos warned that activist investors could start buying up Tesla shares — and even attempt to wrest control of the company from Elon Musk — if the electric car maker's stock doesn't start to turn around: It's down more than 62% so far this year.
Activist investors buy up big stakes in public companies and then agitate for change — sometimes in the board room. "If it continues to drop this hard, then you're going to end up with activist investors getting in, and those activist investors are going to push to get onto the board and then to put pressure on Musk — or even to maybe kick Musk off as CEO," Stamos said of Tesla's big stock drop in an episode of theIf an activist does come along — and so far, there's no indication of that happening — they could finally"be the brake on Musk's behavior," Stamos said, pointing...
Musk and a Tesla spokesperson did not respond to a request for comment from Insider ahead of publication. Stamos was previously Chief Security Officer at Facebook and he was also previously Chief Information Security Officer at Yahoo. He lastof an activist investor trying to unseat a founder when some people were making noise that Mark Zuckerberg should be deposed from the top seat at Facebook in 2019.
Stamos made the comments after Musk made a series of erratic statements on Twitter — from calling for White House chief medical advisor Anthony
I would think that business publications would be aware of valuations. As valuations go, there are many companies that this threat applies to in a greater way. Please speak real news, not your personal opinions.
How does ex Facebook security know that
This publication is unhinged
Will fords ceo lose control over ford since their stock is also down?
Did he say anything about Meta and Zuckerburg on the topic?
Telsa=Elon haha
“Facebook security chief” says… 😂😂😂 Yeah…. I’m good.
A Facebook security chief is a an expert in business?
In a pig’s eye… try again genius…
Tesla is the only stock tumbling right now
Everyday you just have Elon news. You guys should change your name to Elon Insider.
social credit +1
C'est bien ce que les teneurs de marchés voudraient, car ils n'apprécient plus Musk.
Tesla is not compatible with a Trump Troll and a Republicans propagandist who repeats conspiracy theories from QAnon, InfoWars and Turning Point America - the recruited youth of TheBushCenter, BetsyDeVos and peterthiel. His myth is over. twitter becomes a Troll Farm like FB
Would be a suspicious move considering…
Elon Musk SHOULD lose control of Tesla if the automaker's stock keeps tumbling. $TLSA
What for? To put a bureaucrat that wouldn’t know how to thread a needle through an elephant’s ass? This guy is paid by Dems to scare people to influence Elon to allow Twitter to go back to leftist propaganda machine.
So the authority on this you guys turn to is somebody in a company not at all connected to anything run by elonmusk and his position doesn’t involve anything finance related?