Someone explain to me how this is a "hostile" take over?
Any unsolicited takeover is considered „hostile“. It’s just a term. Check a dictionary.
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
#992So 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…
And to note, Musk is going against the trend. Ark, the tech permabull, reduced its Twitter position. Cathie Wood just said she started selling after @jack stepped down as CEO. Interesting times.
To be fair, Ark isn't doing so hot. So I wouldn't be concerned much about what Cathie "God wanted me to create an ETF and told me about it as a child" Wood thinks or does, when it comes to financial performance of tech companies.
Here is the yearly performance for every single fund that Ark is running. Keep in mind that some of them have existed for barely a year if that, but the point still stands.
ARKK (ARK Innovation ETF) - 54% down.
ARKW (ARK Next Generation Internet ETF) - 50% down.
ARKG (ARK Genomic Revolution ETF) - 53% down.
ARKQ (ARK Autonomous Tech. & Robotics ETF) - 25% down.
ARKF (ARK Fintech Innovation ETF) - 53% down.
ARKX (ARK Space Exploration & Innovation ETF) - 18% down.
I am not trying to attribute such performance exclusively to poor decisions, not at all. There is definitely a good amount of unforeseen circumstances that drove ARK ETFs down. But it is difficult to consider ARK's actions as a good source of predictions for tech companies they get involved with, given that 4 out of 6 of their funds are over 50% down in a year, and the rest are still down by a significant amount.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#993Since Elon bought his 9% stake, the value of Twitter increased. He mentions selling his shares if the takeover is not accepted. That would make him a lot of money! His offer is also on the high side, this might make people bullish about twitter. On the other hand, I do think he is genuinely interested in buying twitter. But can't help to feel this might also be lucrative for him if the deal doesn't go through. It see…
I would argue that SpaceX is private due to its susceptibility to share price crashes. It is an event driven firm. Balance sheets matter, but a SpaceX share price would be just as influenced by a rocket blowing up on live TV (if not more)
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#994I bet some of those who advocated "it's a private company, it can deplatform whoever it wants" are probably re-thinking their stance on deplatforming from a major social media.
Musk can ban whoever he wants if he buys Twitter. I assume he’ll want to do at least some of that given his past actions and the fact that there are critics of him and his companies on there.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#995So 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…
All I can think is... lucky Jack, and poor Parag
Nah fuck him. He basically said freedom of speech won't be a factor under his reign. Guarantee he's part of the reason Elon is making this play.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#996So 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…
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Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#997[deleted]
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#998K
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#999Basically whether it’s rational to dump his stake in Twitter to you or me doesn’t matter. He Carries enough influence that investors will spook and it may trigger a sell off. It’s possible Dorsey knew this was coming and parag is enjoying the leftovers
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#1000Chris Anderson of TED asked Elon a lot of the questions and concerns being discussed here. Check it out if you want to understand his perspective and goals with twitter. “Having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization” To that end, he committed to transparency. For example, changes to tweets or users would be made visible and apparent so t…
Those sound like great changes. I'd love to see the algorithm in its current state
It's always the algorithm with you, isn't it Alan Turing?