601–610 of 1001 posts
> "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 read it as a threat too... is it not against the SEC's rules for market manipulation?
I 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 som…
> "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.
Seems like an amazing move by Elon. Buy a sizable portion of the business to hold hostage, and then make the company an offer that they essentially can’t refuse because of fiduciary responsibility. If they reject Elon’s offer the stock price will sink like a rock. They pretty much have to take it.
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…
There's no evidence they're capable of unlocking that value. If they can, why haven't they?
I 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 som…
As much as I don’t like WaPo’s Opinion columns and Twitter’s double standards in content moderation, I don’t think the two companies are puppets of their owners. The staff there have their mostly left-leaning political view point and their own moral standard. I don’t necessarily agree with their view, but it’s their view and their voice nonetheless.
> "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.
I read it as a threat too... is it not against the SEC's rules for market manipulation?
Maybe, but he's also being sued over a violation of market manipulation rules with regard to non-disclosure of his recent Twitter purchase, and that's not the first problem he’s had with those rules.
“Elon Musk” and “securities rules” don't really go together.
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.
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…
This is a good offer.