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Twitter board adopts poison pill after Musk’s $43B bid to buy company

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Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#191
post #156
post #142

Earlier quoted context omitted.

Twitter has operated for 16 years and public for about 10, explosive growth of their userbase is in their past and monetization strategies have already been implemented for years. There is no reason to believe it has the potential for such growth.

Then why were they holding the stock the day before Musk got involved?

They feel there is potential for growth, just not flights of fancy like you describe.

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#192

Earlier quoted context omitted.

I don’t understand how any board can implement a “poison pill”, not just Twitter but Netflix and others, and not be found working against the interest of shareholders. Can anyone help me understand? You’re categorically changing the profile of the stock. This has a chilling effect on large investors, including but not limited just to Musk, right? Correct. Hence the term poison pill. Now nobody else will be interested…

>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…

> It's very well possible that the Twitter board believes that they can achieve higher value for the shareholders than what Elon offered

Who would believe that? They’ve had years to prove it and as they stock market has doubled in value their stock has been cut in half.

Share holders should sue. It’s time to trick their world and either drive the stock price to a few bucks or force then board to do their fiduciary responsibility and sell the company.

It’s a great offer.

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#193

Earlier 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…

I for one prefer that my communication-medium not have "values". For obvious reasons.

Not having value is a value in itself. It takes a crazy amount of effort to be completely neutral.

>that my communication-medium

Twitter is first and foremost a publishing platform, you should not rely on it as a private communication medium. None of the chat apps I know censor stuff, so use them instead.

Use Twitter for public communication if you want, but since it's in the public domain you can't complain too much if there is content moderation.

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#194

Earlier 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…

The topic of discussion is corporate governance and finance, and you immediately pivoted to some irrelevant culture war BS.

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#195

Earlier quoted context omitted.

I don’t understand how any board can implement a “poison pill”, not just Twitter but Netflix and others, and not be found working against the interest of shareholders. Can anyone help me understand? You’re categorically changing the profile of the stock. This has a chilling effect on large investors, including but not limited just to Musk, right? Correct. Hence the term poison pill. Now nobody else will be interested…

He can buy one of those other competitors used by right-wing folks. Hell, if "free speech" is so important to him and to everyone else he wants to rescue he can just tweet to use those other platforms. It's certainly cheaper.

Spoiler alert: other platforms are not in any way more "free speech". Gab for example bans porn, which is both free speech protected by the First Amendment, and allowed on Twitter. TRUTH Social seems to forbid a lot of things, such as depictions of violence, lewd content, libelous/slanderous content and lying (true to their name, I guess?).

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#197

I don’t understand how any board can implement a “poison pill”, not just Twitter but Netflix and others, and not be found working against the interest of shareholders. Can anyone help me understand? You’re categorically changing the profile of the stock. This has a chilling effect on large investors, including but not limited just to Musk, right? Vanguard, for example, has just had its range of further investment lim…

I don’t understand how any board can implement a “poison pill”, not just Twitter but Netflix and others, and not be found working against the interest of shareholders. Can anyone help me understand? You’re categorically changing the profile of the stock. This has a chilling effect on large investors, including but not limited just to Musk, right? Correct. Hence the term poison pill. Now nobody else will be interested…

Poison Pills are rarely exercised, this is a positional move. Unlikely Elon is the only interested party at this point. If the board can use a pill to force a slower buy-out discussion and negotiation it is very much beneficial to shareholders.

Their stock price was over $70 in the trailing 12 months.

Even with Elon's offer they are still worth 10 NFL teams combined.

I can find zero credible evidence to support your position. Please short the stock :)

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#198

I don’t understand how any board can implement a “poison pill”, not just Twitter but Netflix and others, and not be found working against the interest of shareholders. Can anyone help me understand? You’re categorically changing the profile of the stock. This has a chilling effect on large investors, including but not limited just to Musk, right? Vanguard, for example, has just had its range of further investment lim…

I don’t understand how any board can implement a “poison pill”, not just Twitter but Netflix and others, and not be found working against the interest of shareholders. Can anyone help me understand? You’re categorically changing the profile of the stock. This has a chilling effect on large investors, including but not limited just to Musk, right? Correct. Hence the term poison pill. Now nobody else will be interested…

a) The poison pill only affects those who are looking to control the company in some way. Which isn't most large investors at all. So I doubt you will find any who will be concerned by this.

b) Twitter's stock price is now $45, peaked at $77 only last year and is profitable. Not sure where you get this ridiculous idea the company is unsellable.

c) There are plenty of free speech competitors to Twitter. None are even remotely successful. Because as Reddit also showed far more people want a moderated experience more than those that don't. And Twitter is a business first and foremost.

d) Musk is offering shareholders a premium as the stock is today. But as I mentioned even just last year it was significantly higher. And so I can't imagine shareholders would have an issue about them turning it down if they believed Twitter was still continuing to head in the right direction as it is now.

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#199

Earlier quoted context omitted.

>They'll need to pay taxes on the realized gains The bulk of the holders of stock in most public companies are institutional investors that don't need to pay taxes on the realized gains.

Why don't they pay taxes on realized gains?

Because they are taxed on annual profit, not capital gains. If they sell a stock and buy a different one, there is no profit.

The private analogy is a professional gambler. You don't pay taxes for winnings on each bet. You pay taxes on what you have cashed out at the end of the year.

Tax on individual sales is only a thing for individuals.

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#200

Earlier quoted context omitted.

> 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…

> 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.

Up to you to take him at his word however he has stated otherwise.

"It's important to the function of democracy, it's important to the function of the united states as a free country and on many other countries and actually to help freedom in the world more broadly than the US.

You know I think this there's the risk, civilizational risk, uh is decreased if twitter, the more we can increase the trust of twitter as a public platform and so I do think this will be somewhat painful and I'm not sure that I will actually be able to to acquire it.

I mean I could technically afford it um what I'm saying is this is not a way to sort of make money you know..

It's just that I think, my strong intuitive sense is that having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization"

- https://www.youtube.com/watch?v=yDfqwTBHah8

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