I bet some of those who advocated "it's a private company, it can deplatform whoever it wants" are probably re-thinking their stance on deplatforming from a major social media.
Elon Musk makes $43B unsolicited bid to take Twitter private
661–670 of 1001 posts
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#662So 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…
> Boards have a fiduciary duty to the shareholders. As an all-cash offer, this generates for the shareholders a substantial return with NO RISK, and so the board has a serious legal obligation to carefully review this offer and make a decision.
The fact that their primary concern has to be for their shareholders and not whether the sale will be good at all for the rest of humanity is a huge problem in my eyes.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#663Good. Twitter is a hate factory. And it is failing as a business. A shake up is overdue.
Can it be fixed though? The hate factory is the end-game of how the software was built (follows, retweets, etc) and how people use the software. What is the plan here? Re-program Twitter? Invent a new social network where the end-game is not a hate factory?
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#664Twitter does not make any great money. It has to go private backed by a wealthy individual to stay afloat for more time without the regulatory worries. It's just a noisy online market place with mostly garbage.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#665> "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.
No, if they reject it, they will just ask for something like $80 a share and say that that is what they feel is the true value.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#666If I was Jack Dorsey, I would take this deal in a heartbeat. Twitter stock has not gone anywhere in the last 9 years it has been public. It does not make any money. This is like the Yahoo deal where Microsoft offered a bunch of money for Yahoo.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#667Is this a high enough price to be considered a "Bear Hug"? I immediately thought of this scene from Succession:
https://www.youtube.com/watch?v=v4QHqjel4kI
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#668Since Elon bought his 9% stake, the value of Twitter increased. He mentions selling his shares if the takeover is not accepted. That would make him a lot of money! His offer is also on the high side, this might make people bullish about twitter. On the other hand, I do think he is genuinely interested in buying twitter. But can't help to feel this might also be lucrative for him if the deal doesn't go through. It see…
Of course, if the deal doesn't go through, the price will collapse before he can sell...
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#669So 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…
> Boards have a fiduciary duty to the shareholders. As an all-cash offer, this generates for the shareholders a substantial return with NO RISK, and so the board has a serious legal obligation to carefully review this offer and make a decision. The fact that their primary concern has to be for their shareholders and not whether the sale will be good at all for the rest of humanity is a huge problem in my eyes.
> The fact that their primary concern has to be for their shareholders and not whether the sale will be good at all for the rest of humanity is a huge problem in my eyes
Welcome to capitalism.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#670Oh I’m going to make one of those wild guesses:
1) musk buys twitter because it’s difficult to reject the offer
2) musk states “free speech is very important” and reinstates a lot of banned conservatives, namely trump
3) trump’s reelection gets put into high gear with twitter back as his main platform
Actually feels more obvious than wild if 1 happens.