Media politics are just as bad as they always were. Typically TV and newspapers are ran at a loss by people who carry out political favors. I wonder how twitter users feel about being herded around like this
Twitter board adopts poison pill after Musk’s $43B bid to buy company
181–190 of 1001 posts
Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company
#182Earlier quoted context omitted.
Elon's offer is not a hostile offer. He has made an offer, management has not yet rejected it. It is just an offer to purchase the company, as of now. If the offer is rejected and Elon continues to attempt to gain control of the company, that would be an attempt at a hostile takeover.
Hostile, in financial terms, is whenever the board or CEO did not initiate a conversation around an acquisition, and it is just made to the company.
No it isn't. They key is that management and board are against it and the deal is still pursued by the (potential) acquirer. It is perfectly possible to initiate a conversation regarding an acquisition and this is not a hostile takeover per-se though it could develop into one.
Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company
#183Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company
#184Even before the poison pill was adopted, the evidence is the market wasn't taking Musk's offer seriously. That's because he was offering $54.20 per share (ha ha, 420), but the stock price never closed higher than $48.36. So almost $6/share was left on the table.
Part of it is that Musk doesn't have $43B in cash, he'd have to raise it or borrow it. He's worth more than that but it isn't liquid; as an officer of Tesla there are some restrictions on when he can trade. Another part is that many doubt whether Musk is serious or if he is playing games again, like the last time "420" appeared in a financial announcement from him.
Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company
#185Earlier quoted context omitted.
>Woke means broke I guess. That sentence alone means you weren't even discussing this in good faith. It's very well possible that the Twitter board believes that they can achieve higher value for the shareholders than what Elon offered. It's also very well possible that after talking to Elon through private conversations that you were not part of, they fundamentally disagree with his value and the direction he wants…
> That sentence alone means you weren't even discussing this in good faith. Is that what good faith means now? Being religiously part of Camp A or B? The balance sheet speaks for itself. Incidentally Parler or his potential Twitter clone will also end up a toxic internet community. Who cares? I personally wouldn't use either one. Certainly with Twitter already doing a great job losing money and alienating most people…
>Is that what good faith means now? Being religiously part of Camp A or B?
No. But you immediately made this into a Camp A vs. Camp B problem when in reality there could be a million different reasons for the Twitter board to not want to get acquired means you weren't trying to discuss this specific situation, you were looking to turn this into a debate on "wokeness". That's why I said you weren't discussing in good faith.
>The balance sheet speaks for itself.
Does it? Elon has seen the same balance sheet and he thinks the true value of the company is higher than what it is now as well. So obviously he thinks Twitter has the potential to achieve much higher value through implementing XYZ. The board agrees too but just disagree on what that XYZ is.
Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company
#186Earlier quoted context omitted.
you want to cash out with a 20% bump and be out of the stock during a huge tech equity downturn when the stock was over 60% higher last year?
Elon said he'd keep as many shareholders as he's legally allowed to.
And also that tesla was going private at $420 a share.
Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company
#187Earlier quoted context omitted.
Elon's offer is at the same time an hostile offer, and conditional on obtaining financing from banks. This is never heard of in the history of hostile acquisitions, and is a BIG risk for the board to entertain any attempt by anyone to buy Twitter before they know what their loan percentages are.
Offers aren't hostile. Trying to take over a company after an offer has been rejected is hostile.
Not necessarily, the offer could be amended and increased that's perfectly normal and still not hostile. Hostile is when you pursue against the wishes of the current owners of the company and their management, so in other words if they have indicated that they are either not for sale or that they are not going to sell their shares to you.
You could then try for a hostile takeover by buying up as much as you can on the open market and possibly to try to get one or two smaller shareholders to sell their shares to get you more than 51% (and in some cases more than 66% aka a supermajority) to be able to call the shots.
Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company
#188They'd rather tank their own company than allow free speech.
What should be allowed?
Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company
#189Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company
#190First off, I should say I think Elon is the man. What he's been doing at "engineering" companies is of course absolutely incredible (go Starship!). But not so sure he should be mucking around with a social-networking/media company, in which messy social and legal rules are even more important than the technologies themselves. Yeah, his idea that free speech should be the overriding principle is at it's heart true, bu…
Counterpoint: Banks are regulated, yet PayPal. Defense contractors are regulated, yet SpaceX launches satellites for the military.
I don’t think claiming that because social spaces involve legal decisions, that he’s out of his element.