561–570 of 1001 posts
What a gut check. I'm sure this is an obvious comment by now, but seeing the board's response to turning down something like this is going to be an olympic level display of mental gymnastics. Exciting times.
> "if my offer is rejected i will reconsider my ownership in twitter." Thats an immense amount of selling pressure on the stock... This is a threat. He's negotiating with a gun to their head.
> "if my offer is rejected i will reconsider my ownership in twitter." Thats an immense amount of selling pressure on the stock... This is a threat. He's negotiating with a gun to their head.
Let's ignore personality and societal issues for a moment and look at the value proposition. The 'best and final offer' of $54.20 per share is just too low to be acceptable for major investors. Just over year ago, Twitter shares traded at about $70 per share. Musk's offer is about 25% lower than last years peak. There's no reason to assume Twitter shares can't reach the same levels ever again, nothing much has change…
The Fed's covid policies in terms of interest rates and money printing had a very high impact on the stock market and stocks. Why else would the market have increased to the degree it did during covid?
That is a fundamental reason why it may not see $70 again any time soon.
For $1B he could make an exact twitter clone, and he could probably do it for much less than that. You might say, yes, but he's paying for the brand, and no one would use his clone. He could pay for a flood of advertising and other promotions to get people to switch. He could pay 42,000,000 people $1000 each to switch to his twitter clone.
He could try, but there's no way to stop them from switching back.
Prediction: I delete my twitter account and move on to a new platform because none of this matters and that's the cycle of online platforms.
Not an insult, just speaking from experience.
> "if my offer is rejected i will reconsider my ownership in twitter." Thats an immense amount of selling pressure on the stock... This is a threat. He's negotiating with a gun to their head.
I am just going to throw something new out here. EVERYTHING Elon does is circled around his belief that we need to be living on Mars. Spaceships to get there. Satellites for communications when we get there. Electrical cars since no oil to drive there. Tunnel boring to make the roads and cities there. Why would buying Twitter be any different? He currently is meeting serious resistance from USGOV and FAA on launching…