So when is he finally going to Mars?
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
#812So 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…
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Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#813I 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.
Not really. When moderation goes away, platforms become rife with racism, spam, scams and less than desirable actors. We've seen this with Gab and Parler.
So create free market plugins to filter based on preferences.
Imagine: scam protection plugin. spam protection plugin. anti racism plugin.
Let users vote who gets ears. If users say they want to silence racists, by saying racists things a user ends up being blocked by all the people who want to silence all racists. Users then vote and racists know that algorithmically they cannot heard because they know the majority have silenced them. But they also aren't enraged that they are being silenced because they aren't. They're just blocked by the user base who doesn't think their words have value.
If twitter does not allow as much free speech as possible, that speech simply ends up moving to other platforms anyways. So much to all the pro censorship crowd's chagrin, their censorship isn't actually doing anything except protecting their ears from hearing what they don't want to hear, and in reality making the other side band together even more fiercely. Might as well keep all the speech and just allow people to choose their own protection.
You never have to listen to them if that's what you choose. Let people choose what gets silenced instead of letting some authority choose for you. Giving up that power has historically lead in only one direction, and I don't see why its any different in this case. Adults are not children. Let them discern what is right and what is wrong.
The only way forward is to keep free speech available, and we can keep it and have protections for those who want it, so why not?
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#814Let'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…
I do love reading about how unbelievable stuff elon does is. He should frame all the quotes. SpaceX had lots of these including from the heads of europe and russia space programs. Does he have perhaps more of a vision for twitter than current mgmt? Did his involvement increase / decrease the stock price? If they turn him down could he build something for lets say $20B in spending? Going to be some interesting times.…
>And by the way, twitter DID invite him to be on the board with the requirement he not get more stock.
this was a trap - both barring his ability to gain more shares, as well as putting him in a place where he can't talk about twitter publicly to the same extent as a hostile takeover.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#815So 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…
A company is not a bag of potatoes in the market to sell at the whims of the highest bidder. Here is what would be looking after their fiduciary duties: The company had a loss of 200 million dollars this year. Was only profitable 2 years out of its 16 years of existence. The board should state that Twitter in the hands of Elon Musk, could jeopardize its current unique and somewhat also precarious, place in social med…
I think you have it backwards. Twitter has always struggled, usually losing money, and Musk is coming in with a cash offer. He doesn't need to change anything for this to be a financial relief to shareholders. Not to mention shareholders will no longer have an interest in the company, as it will become private. There really isn't any impetus to prove Twitter's future will be better (and better than what? bad?)
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#816Let'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…
Why would he overpay for a down trending company?
Exactly as his offer states - he thinks with the correct management and a different vision of the future, he can change the trend.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#817Let'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…
> nothing much has changed fundamentally over a year.
If the CEO of a company leaving doesn't count as a fundamental change, then I don't know what does.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#818Good. Twitter is a top heavy company that could have its staff halved and still be good.
Elon would do a great job firing the staff and right sizing the company.
There was a chap who was involved in their AI department. Despite the initial question of why is there an AI department, the follow up is why is it doing so badly?
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#819Journalists and bluechecks seem to be particularly mad about this. I guess they don't like the prospect of having to follow rules that are transparently enforced rather than the current system of favoritism and opacity
And if there's anything Elon Musk is known for, it's being completely transparent and unbiased! /s
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#820Let'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
If there was a strong reason to think that Twitter shares would soon be worth $70 again, wouldn't they already be trading at that price?