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Twitter set to accept Musk's $43B offer – sources

reuters.com

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Re: Twitter set to accept Musk's $43B offer – sources

#621

Post by HWR_14 »

jypepin wrote: post #614

So, how does that work for current stock holders and employees? If you own Twitter stock, will it be automatically sold at 43b val? And twitter will get out of public markets? For employees, are they pretty much seeing their comp getting divided by 2 because now they can't sell the stocks/rsus they vest every quarter?

If the deal goes through, ever share of Twitter will be sold to Elon Musk for $54.20. It's like eminent domain, you don't get a choice, you just get cash instead of your property.

I don't know how it impacts RSUs. I'd imagine RSUs already committed to are bought out, and future contacts need to compensate people some other way.

Re: Twitter set to accept Musk's $43B offer – sources

#624

Post by chalst »

jypepin wrote: post #614

So, how does that work for current stock holders and employees? If you own Twitter stock, will it be automatically sold at 43b val? And twitter will get out of public markets? For employees, are they pretty much seeing their comp getting divided by 2 because now they can't sell the stocks/rsus they vest every quarter?

The company has a fiduciary duty to treat minority shareholders to the owning block and the major stock exchanges have rules protecting their interests.

This is one area of the the law that works well.

Re: Twitter set to accept Musk's $43B offer – sources

#625

Post by mdoms »

altacc wrote: post #41

He's already said that he'd follow all local laws so it would be interesting to see if he can find the elusive path of maintaining free speech, following the law and not having Twitter being a toxic cesspool used mainly to shout down those not our your "side". Personally my reservations are because I think running a social media site is a lot about understanding people and defining a healthy culture for your elusive…

Let's be absolutely clear, Musk does not care about your free speech. He has a history of shutting down speech he doesn't like and will continue to do so.

Re: Twitter set to accept Musk's $43B offer – sources

#627

Post by phkahler »

rectang wrote: post #616
altacc wrote: post #41

He's already said that he'd follow all local laws so it would be interesting to see if he can find the elusive path of maintaining free speech, following the law and not having Twitter being a toxic cesspool used mainly to shout down those not our your "side". Personally my reservations are because I think running a social media site is a lot about understanding people and defining a healthy culture for your elusive…

Trolls, disinformation spreaders, and "free reach absolutists" are going to be thrilled with the megaphone Musk will provide them to drown out their enemies. Welcome to Voat 2.0.

>> Trolls, disinformation spreaders, and "free reach absolutists" are going to be thrilled with the megaphone Musk will provide them to drown out their enemies.

Just remember, twitter does not give those people a megaphone. It's the media that report on their stupid shit that gives them an audience. Otherwise nobody would know what they're saying - especially the people who don't like them - and yet everyone knows who some of those people are.

Re: Twitter set to accept Musk's $43B offer – sources

#628

Post by jimbokun »

DyslexicAtheist wrote: post #612
altacc wrote: post #41

He's already said that he'd follow all local laws so it would be interesting to see if he can find the elusive path of maintaining free speech, following the law and not having Twitter being a toxic cesspool used mainly to shout down those not our your "side". Personally my reservations are because I think running a social media site is a lot about understanding people and defining a healthy culture for your elusive…

> interesting to see if he can find the elusive path of maintaining free speech I am also utterly gobsmacked how people here jump to the defense of billionaires. > Taking a moment to think about how utterly crazy it is that in 2022 a company with a significant dataset of private and public communications, that has municipalities, companies and governments on the platform, can switch ownership with pretty much zero sc…

I don't see the relevance.

Whatever laws protect that data or communications will continue to exist. And if you're just taking it on good faith that the current ownership won't do anything shady even if there's no laws preventing it, that's a much bigger problem to address.

Re: Twitter set to accept Musk's $43B offer – sources

#629

Post by pie_flavor »

DyslexicAtheist wrote: post #612
altacc wrote: post #41

He's already said that he'd follow all local laws so it would be interesting to see if he can find the elusive path of maintaining free speech, following the law and not having Twitter being a toxic cesspool used mainly to shout down those not our your "side". Personally my reservations are because I think running a social media site is a lot about understanding people and defining a healthy culture for your elusive…

> interesting to see if he can find the elusive path of maintaining free speech I am also utterly gobsmacked how people here jump to the defense of billionaires. > Taking a moment to think about how utterly crazy it is that in 2022 a company with a significant dataset of private and public communications, that has municipalities, companies and governments on the platform, can switch ownership with pretty much zero sc…

There isn't any particularly good reason to trust the old management over the new management. It's always been unaccountable billionaires.

Re: Twitter set to accept Musk's $43B offer – sources

#630

Post by brasic »

JaimeThompson wrote: post #67

Since he is using a chunk of Tesla stock to secure loans to fund a large portion of this deal what happens when, not if, Tesla stock falls to more rational levels?

Presumably this possibility is part of the risk the lenders are taking into account and charging for. If loan collateral was subject to constantly being marked-to-market and lenders could “margin call” to get more in scenarios like this, lending would be quite a bit safer.
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