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Elon Musk makes $43B unsolicited bid to take Twitter private

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Re: Elon Musk makes $43B unsolicited bid to take Twitter private

#651

Post by dmarcos »

dkjaudyeqooe wrote: post #627
gunapologist99 wrote: post #521

So Twitter was at $70 per share a year ago. So what? Jack Dorsey was CEO a year ago, too. The share price was $33 less than a month ago. But, despite an absolutely incredible roller-coaster news cycle, things have been definitely trending down at Twitter ($33/share last month), which was reflected in its share price. The current executive team (and Dorsey) had wasted time focusing on things that didn't matter instead…

Anyone notice that the price is $5 4.20 ? A coincidence? A week out from 4/20?

Not a coincidence. Elon also offered $420 per share when he tried to take Tesla private.

Context for the unfamiliar:

https://en.m.wikipedia.org/wiki/420_(cannabis_culture)

Re: Elon Musk makes $43B unsolicited bid to take Twitter private

#652

Post by lumost »

My take, this is about putting a valuation on non-twitter social. Reddit has more users than Twitter, and a valuation 1/5th of twitters. If Twitter is worth 47 billion to someone, then reddit should be worth 50-100 billion.

Unfortunately it's not possible to know if Elon has a major stake in any privately held social companies.

Re: Elon Musk makes $43B unsolicited bid to take Twitter private

#653

Post by flavius29663 »

williamsmj wrote: post #603
RustyConsul wrote: post #510

> "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.

This is standard operating procedure for takeovers, but I think you're massively overestimating the amount of pressure someone selling 9% of the company places on the stock price. Someone buying 9% (with an expecation that they would buy more) moved the stock $10. The same person selling 9% stock (with no possibility that can sell more) is unlikely to move the stock more than that.

No post body was provided.

Re: Elon Musk makes $43B unsolicited bid to take Twitter private

#654

Post by ghayes »

dkjaudyeqooe wrote: post #627
gunapologist99 wrote: post #521

So Twitter was at $70 per share a year ago. So what? Jack Dorsey was CEO a year ago, too. The share price was $33 less than a month ago. But, despite an absolutely incredible roller-coaster news cycle, things have been definitely trending down at Twitter ($33/share last month), which was reflected in its share price. The current executive team (and Dorsey) had wasted time focusing on things that didn't matter instead…

Anyone notice that the price is $5 4.20 ? A coincidence? A week out from 4/20?

The Bloomberg article states this fact, as well.

Re: Elon Musk makes $43B unsolicited bid to take Twitter private

#655

Post by jollybean »

RustyConsul wrote: post #510

> "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.

Elon Musk is not important to Twitter.

It's a toy gun pointed at their head.

He could maybe maybe start a competitor, but I doubt it would work.

1) He doesn't have the energy for another serious project 2) It would end up being something else, which frankly might be welcome, but it won't replace twitter.

Journalists etc. around the world are not going to flock to a 'free speech' platform with little moderation.

They 10x will not do it if Trump is on it, and gaining traction, for example.

Re: Elon Musk makes $43B unsolicited bid to take Twitter private

#656

Post by tonguez »

snowwrestler wrote: post #94

As a Twitter shareholder I would vote against this. Musk says there is tremendous financial potential in Twitter but then offers $54 a share, which is not even 2x the IPO price. That’s not a “tremendous potential” premium. There is a lot of evidence that platforms which de-prioritize moderation have trouble attracting revenue and experience significant compliance costs. See: the sad story of Moot, who ran one of the…

“ See: the sad story of Moot, who ran one of the most popular social websites in the world and ended up with absolutely nothing to show for it.”

when you say absolutely nothing you mean money. but millions of people have fond memories of what his site used to be. nobody would say that about facebook or twitter.

Re: Elon Musk makes $43B unsolicited bid to take Twitter private

#659

Post by RandallBrown »

jollybean wrote: post #645

"Boards have a fiduciary duty to the shareholders." Xi and the CCP/Chinese Government make a bid to buy Google, for a 20% premium. They also bid to buy Twitter, Facebook and Microsoft. All for 20% premium. Should shareholders do 'the right thing' and sell? Assuming you're not a Twitter shareholder why do you care about investors interests? Why don't you care about your interests ? Why do plebes constantly argue again…

> Xi and the CCP/Chinese Government make a bid to buy Google, for a 20% premium. They also bid to buy Twitter, Facebook and Microsoft. All for 20% premium. Should shareholders do 'the right thing' and sell?

The right thing isn't necessarily selling. In that case the right thing is to consider the offer and decide if it's worth it or not. In this case the answer would probably be "No" and the US Government probably wouldn't let it happen either.

Re: Elon Musk makes $43B unsolicited bid to take Twitter private

#660

Post by LatteLazy »

1970-01-01 wrote: post #369

This is the coolest mid-life crisis purchase I've ever seen. I hope he enjoys it and has some fun from the boring office work of rockets, tunnels, robots, AI, and of course bullet-proof trucks.

Musk is (to me) exactly what a billionaire should be: fixing all the things government can't be bothered with.
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