431–440 of 1001 posts
I admire Elon's accomplishments, especially with SpaceX but I wouldn't want him in charge of Twitter.
but the ideas hes mentioning seem reasonable
Every company I know of that did a poison pill to prevent a takeover wound up tanking within a year or two and the shareholders wound up with sand. As a Twitter shareholder myself, the board is making a big mistake. As a legal matter, I don't understand how a board could sell shares to other shareholders at a lower price than to the entity wanting to buy shares to gain control.
Not really, as a counter argument, there is every reason to believe that Musk will make a mockery of twitter and run it into the ground. A social media platform with a lot of responsibility is not for someone as egotistical as Musk. If Zuckerberg is bad, Musk could be catastrophic.
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That's how the game is played. If you want to take over a company without the consent of its executives, it's going to be a fight and you're probably going to lose.
The board of a public company cannot reasonably claim that they’re worth twice(!) what the market currently values their company at simply because they feel it’s true. Unless they have advertising contracts and growth metrics in the pipeline that represent a reasonable doubling of revenue and value, they’re acting legally irresponsibly. Justifying this is difficult. This is objectively a good offer.
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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.
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from my understanding they've been going downhill for quite some time.
"I don't like it" != financial distress. From Twitter's 2021 10K: "FY 2021 Highlights Total revenue was $5.08 billion, an increase of 37%, compared to 2020." 2021 net losses were $221M, which is a big improvement on $1.135B in 2020. Honestly seems like things are really shaping up @ Twitter.
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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. https://www.investopedia.com/terms/h/hostiletakeover.asp
Just to clarify, that does make Musk's offer a hostile takeover bid, as is also stated in that link.
Every company I know of that did a poison pill to prevent a takeover wound up tanking within a year or two and the shareholders wound up with sand. As a Twitter shareholder myself, the board is making a big mistake. As a legal matter, I don't understand how a board could sell shares to other shareholders at a lower price than to the entity wanting to buy shares to gain control.
Not really, as a counter argument, there is every reason to believe that Musk will make a mockery of twitter and run it into the ground. A social media platform with a lot of responsibility is not for someone as egotistical as Musk. If Zuckerberg is bad, Musk could be catastrophic.
how do you make a mockery of something whose only purpose is to manufacture consent for war profiteering?
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Not really, as a counter argument, there is every reason to believe that Musk will make a mockery of twitter and run it into the ground. A social media platform with a lot of responsibility is not for someone as egotistical as Musk. If Zuckerberg is bad, Musk could be catastrophic.
Elon has run several companies immensely more successful than Twitter. He also planned to address some glaring issues on the platform. There is almost no question he would have been better than current management, which is destroying their platform.
But it would certainly be interesting to watch.
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Not really, as a counter argument, there is every reason to believe that Musk will make a mockery of twitter and run it into the ground. A social media platform with a lot of responsibility is not for someone as egotistical as Musk. If Zuckerberg is bad, Musk could be catastrophic.
Elon has run several companies immensely more successful than Twitter. He also planned to address some glaring issues on the platform. There is almost no question he would have been better than current management, which is destroying their platform.
Like all things, it depends how you count. The problem I see vis a vis Twitter is it's private company and a public utility at the same time.