I cannot think that Elon Musk owning/controlling Twitter will go even half the way he expects. He clearly only sees it as a potential platform for disseminating his opinions, which have regularly been wrong when it came to things like the pandemic. He's a potentially dangerous egomaniac and if he is allowed to own Twitter the best case scenario is that Twitter experiences a mass user exodus, worst case it turns into a social media platform for crazy nonsense like Newsmax and OAN. Sure, it could just turn into a Fox News equivalent, but that's barely better.
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
#822So 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…
Unsolicited offers almost always get rejected, that's why it's called a "hostile takeover"
> that's why it's called a "hostile takeover"
No, this is not a hostile takeover. A hostile takeover is if Elon bought up more than 50% of the shares. Which he can do much more cheaply than buying outright at a 38% premium.
If they decline his offer plan B may be to buy up the cheap shares until he has 51%.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#823Well done, he won't be on the Supervisory Board - so bought the shares for useless. Now complete takeover announced - rejected - share price rises - shares sold again, good money made
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#824This is exactly why individuals should not be allowed to have tens (let alone hundreds!) of billions of dollars in wealth - they become all-powerful and too easily subvert the will of the people. They become their own ruling class, which is unacceptable in a functioning democracy.
Bold of you to think the US has a functioning democracy
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#825> "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 can’t see how his plan
isn’t about getting trump back on twitter. He will do a lot of smoke screen speech, telling contradictions and unclear bold statements. But in the end I bet all of this will end in removing trump ban. If I’m right, it’ll confirm that musk is just a fascist greedy sociopath disguised as a tech enthusiast.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#826So 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…
in the financial press I see people saying the board should not accept this lowball, non-negotiable offer.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#827Twitter is a mob launch pad. It's ran by outrage addicted, sadistic, cruel bullies. It's as if all of the world's village idiots joined forces and became the ruling class in culture and speech.
It is Twitter that has normalized and promoted inhumane tactics like context switching, bad faith discussion, talking behind you to others instead of towards you (quote tweeting), screenshotting, obsessively digging through one's history, mob launches, and in some cases cancellations, death threats, etc.
No normal person engages with another person like this. They are tactics to use when at war, but this is business as usual on Twitter. Worse, it's richly rewarded. It's a place where brains and conversations go to die.
I hope the offer gets accepted, it's not like he can make it worse. Or perhaps he should intentionally make it worse and sink it.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#828So 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…
One risk may be that a lot of the blue hairs among the staff may choose to leave the company. Then again, that might be a positive thing for the company’s economic performance.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#829Twitter is a mob launch pad. It's ran by outrage addicted, sadistic, cruel bullies. It's as if all of the world's village idiots joined forces and became the ruling class in culture and speech. It is Twitter that has normalized and promoted inhumane tactics like context switching, bad faith discussion, talking behind you to others instead of towards you (quote tweeting), screenshotting, obsessively digging through on…
It's a nice thought, but 43 billion dollars is a helluva price to pay for an intentional sepoku.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#830> "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.
Not a threat. If Musk can’t fix Tw, then the share value will further decrease, so it’s just rational for him to then sell. And good for him to be honest about it from the start.