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

Post by djbusby » Fri, Apr 15, 2022, 2:57 AM UTC

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?

Post by trixie_ » Fri, Apr 15, 2022, 3:00 AM UTC

dontblink wrote: post #875

Bezos has Washington Post as his mouthpiece. Murdoch has Fox News. Musk doesn't really need more money. I don't think this is just pump and dump. Is it possible Musk is looking to buy a method to influence a populace for his own ends? I.E. is this a method for him to influence a population to gain power and sway over elections, organizations, etc?

Post by trixie_ » Fri, Apr 15, 2022, 3:09 AM UTC

edent wrote: post #38

So he is pumping up the share price and, if he doesn't get his way he will dump his shares. I wonder if there's a name for this sort of behaviour?

Post by trixie_ » Fri, Apr 15, 2022, 3:21 AM UTC

namesbc wrote: post #871

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…

No board is going to accept a low-ball offer, and that assumes Musk is even seriously offering and not pulling another stupid stunt.

Post by trixie_ » Fri, Apr 15, 2022, 3:30 AM UTC

joshspankit wrote: post #899

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.

As another commenter pointed out: It’s Elon Musk. While selling all his shares would make the price dip short-term, no one who knows his tactics will take that as a serious commentary on the viability of Twitter itself.