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You're assuming that the deal will definitely close. The deal can still fall apart for a number of reasons. The risk of this happening is far from remote. This is evident from the current stock price of about $46, which is significantly lower than the $54.20 Musk is offering.
These mergers never are almost never at parity months before closing. This one isn't even so far a spread, 15% rebate on proposed takeout price. Activision, with an offer from Microsoft for which even Buffett is partaking in the arbitrage, sits at 20%. Even back at the announcement in January, before this market turmoil which can threaten these deals, it traded at a like 14% discount. With that in mind, special situa…
If you're 100% sure the deal goes through then that's essentially a free 6$ per share guaranteed right now.
Is he the one who gave final approval of the anonymous login-wall, which pops up after 2 screens of scrolling in Twitter? If so, good riddance, as that is an incredibly hostile user pattern. BTW, maybe it's purely coincidence, but after refreshing my browser cache it seems to have gone away today.
Twitter will never succeed without satisfying the old school whims of HN users.
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He is going to get a severance package larger that most of us will make in our lifetimes. There's no reason to weep for him.
What does a "head of consumer product" do? Has Twitter's platform/offering changed all that much in 7 years?
Is he the one who gave final approval of the anonymous login-wall, which pops up after 2 screens of scrolling in Twitter? If so, good riddance, as that is an incredibly hostile user pattern. BTW, maybe it's purely coincidence, but after refreshing my browser cache it seems to have gone away today.
Twitter will never succeed without satisfying the old school whims of HN users.
"To the hard working (current and former) Tweeps out there who made all this happen: Thank you for pouring your heart and soul into this place " Tweeps? Is that really a term of endearment they refer to each other as? Really?
Better than Twits, Teets, Twats, and Tweebs I guess. Even birds is pretty bad.
I've been using Twitter since it's main novelty was that it was a successful Ruby on Rails app, and honestly I've been trying to figure out where the exit is for my personal use of Twitter lately. If the acquisition goes through, Twitter won't make enough money to service it's debt, and the things they will do to fix that are pretty much guaranteed to lower the quality of the platform, which frankly has never worked…
"To the hard working (current and former) Tweeps out there who made all this happen: Thank you for pouring your heart and soul into this place " Tweeps? Is that really a term of endearment they refer to each other as? Really?
Feels less condescending than Apple "Geniuses" or Best Buy "Nerds", and pretty in line with "Googlers", "Toasters" or "Hulugans". Is this a thing most people refer to other employees as most of the time? No, but it helps corporate create an image of a fun, playful workplace. I think it's utter bullshit, but you know, to each their own.
Is he the one who gave final approval of the anonymous login-wall, which pops up after 2 screens of scrolling in Twitter? If so, good riddance, as that is an incredibly hostile user pattern. BTW, maybe it's purely coincidence, but after refreshing my browser cache it seems to have gone away today.
Earlier quoted context omitted.
You're discounting the very real possibility that Parag is operating as if the deal will not go through, and is making large strategic decisions in anticipation of that being the case. For Parag, I don't see it "burning his reputation" at all, considering either a) he's right and will face the tall task of helming a Twitter that continues to disappoint its investors or b) he's wrong and it won't be his problem when E…
It maximizes his chance of survival either way. The probability that Elon is margin called by year end is roughly 40% according to option prices. - 60% chance you get fired either by Musk or investors if you don't turn the ship. - 40% chance you Musk is margin called and doesn't take over, but still might be fired by investors or acquired by someone else who may in turn can him.
The margin loans will almost certainly be replaced with outside equity prior to closing.