Well you should have nationalized it while you could've BTW why is this called hostile?
[deleted]
Elon Musk makes $43B unsolicited bid to take Twitter private
41–50 of 1001 posts
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#42Interesting if he manages to take over twitter. For me Twitter has become full of people marketing themselves with lists, tweets that don't make sense out of context, replies full of bile or inane comments and animated gifs. But I'm not convinced Musk's opinions of what is good for twitter is aligned with other content creators and consumers. Paypal, Tesla, SpaceX, Boring Company have clear goals - twitter is quite d…
Yeah. I mostly left Twitter about 9 years ago (!) for the same reasons.
I wonder if a celebrity like Musk is overestimating how important Twitter really is. Because in my view, it's a cesspool of self-promoters, hate, corporate marketing and superficial populism. I believe correcting that course is impossible. It's been like that for 10 years with no change.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#43This time last year he was the reason why Dogecoin skyrocketed. Look at where it is now.
Don't let him do this to Twitter.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#44It’s interesting to contextualize this with a regular persons life. This amount will present about 1/7 of his net worth. However unlike a traditional purchase this will be n investment and depending on how it goes, he can get even more money. If an average person had a max net worth of 3 million this would be like them deciding to buy a 400K investment property, or a laundry mat. That aside, this is also a great exam…
> Musk buys at $39 pumps all month to $54. He can either sell and easily make billions profit or take over the entire company at what can only be described as a discount compared to potential.
He can’t sell his whole stake for a profit. There’s nowhere near enough liquidity. The moment he tries to sell billions of dollars of stock it’d tank.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#45This is terrible. A person like Elon Musk should not hold more power.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#46Well you should have nationalized it while you could've BTW why is this called hostile?
Non-hostile version of a takeover requires a board approval at least. Depending on the jurisdiction and the company bylaws certain amount of the shareholders (say 75%+) has to vote for the takeover to actually happen.
Edit: Under normal circumstance, single entities cannot 'easily' obtain a large share of the stocks even if they actively buy.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#47I don't have an opinion over the consequences for politics over this, I'm just excited over the potential shakedown of the social media landscape that I grew to despise. Musk is an activist, can make it or break it. He is absolutely right over its enormous potential, all the problems it has - as a business or ones it creates for the society - can be solved. Free speech absolutism is possible and is beneficial once yo…
The consequences for politics are literally the only thing that matters here. Even if Musk doesn't intend to reinstate Trump's account (and certainly, nothing he's said indicates he wouldn't do that), the second he controls Twitter he will be under enormous pressure to do so. If he declines to do so, it will be damaging to his business with government. If he agrees to do so, there will be a huge amount of public discontent with Musk and his companies.
Worse, from that point on everything that happens as a result will be on Musk and his companies. There won't be any more repercussions for powerful politically-motivated speakers, even if they explicitly call for violence. This will motivate extreme behavior and extreme responses. Boycotts for Tesla and Starlink (whose customers almost certainly tip liberal) will absolutely be on the table.
Even if you personally love Musk, the success of his consumer-facing businesses depends on broad adoption by consumers. That's all at risk now. CEOs of this kind of business may have politics, but they traditionally avoid political firestorms because of these concerns. Musk is obviously rich enough that he doesn't care, but his shareholders probably should.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#48Interesting if he manages to take over twitter. For me Twitter has become full of people marketing themselves with lists, tweets that don't make sense out of context, replies full of bile or inane comments and animated gifs. But I'm not convinced Musk's opinions of what is good for twitter is aligned with other content creators and consumers. Paypal, Tesla, SpaceX, Boring Company have clear goals - twitter is quite d…
There are four goals.
#1 make twitter efficient. firing 80-90% of the employees and replacing them with effective workers and management saves a ton of money.
#2. Mitigate the bots and trolls by requiring payment and identification.
#3. Open the feed algorithm and give people more control
#4. Reduce the silencing of users.
The last one is probably going to turn out to be harder than Elon expects. If Elon owned Youtube this week he would be sued for enabling the NYC subway terrorist. Same thing will happen on Twitter once he owns it.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#49So he is pumping up the share price and, if he doesn't get his way he will dump his shares. I wonder if there's a name for this sort of behaviour?
BDE
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#50I personally think this is excellent, in the great scheme of things, maybe this will open a real discussion about the real oligarchic nature of the US political and societal life at the top.
I mean, with tech titan (and second wealthiest man on the planet) Bezos owning the WaPo, the moment the tech titan (and the wealthiest man on the planet) Musk will put his hands on Twitter hopefully will also be the moment of some "enlightenment" for the educated masses. Or maybe I'm just day-dreaming.