771–780 of 1001 posts
I still don't understand the interest individuals have in proprietary, restrictive, unnecessary, platforms.. but for those who tolerate that sort of thing, I assume Twitter will become more valuable to them.
> "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.
To me, the main message is that he wasn't really serious about Mars at all, or even about SpaceX, or Tesla -- never mind global climate catastrophe . Were I a Twitter stockholder I might perceive a different emphasis.
He may have just run out of good places to put it.
The reason this bothers me in principle, is that whatever the side of politics you are, the "public" will have effectively zero control on affecting any board decisions at Twitter, moderation-wise or otherwise. Its true that the public had little say in that regard till now but at least this buyout threat shows that it is "possible" to stand up to whatever decisions their board makes. As an aside, I doubt people and…
So if Musk wants to take over Twitter, sure, no one's going to stop him. But let's not expect it means that free speech principles will be upheld. It's probable that under Elon's regime, Twitter might suppress anti-Tesla topics.
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 reason to assume Twitter shares can't reach the same levels ever again but it depends on how far that "again" is. If you bought at $33 a month ago, you'll be now getting a 60% return. You can put that in another less risky investment and still have a very healthy return over the next 5 years, say 5% , less than the historical sp500 rate, you'd get to ~$69. So if Twitter gets back to $70 in five years Mus…
https://www.reuters.com/technology/saudi-prince-alwaleed-bin...