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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

#31
post #21

What a clown. Probably made the offer knowing it won't get accepted anyway. Then sells his shares at a nice profit and goes on with his day. That said, it would be interesting to see how Musk would destroy Twitter, instead of seeing Twitter continue to do it themselves.

He made the offer at a 40% premium on the April 1st close.

Twitter is a dying social network - sounds like a pretty good deal.

Re: Elon Musk makes $43B unsolicited bid to take Twitter private

#33
post #24

This seems like a massive waste of money. Firstly, it will kill remaining trust in twitter and secondly the opportunity cost of spending that much money, like why not expand Telsa into India, or Asia in a big way.

Look at Oligarchs Yachts and that tells you everything about the ego of Billionaires. It is not about the money.

Re: Elon Musk makes $43B unsolicited bid to take Twitter private

#34
post #2

I don't have an opinion over the consequences for politics over this, I'm just excited over the potential shakedown of the social media landscape that I grew to despise. Musk is an activist, can make it or break it. He is absolutely right over its enormous potential, all the problems it has - as a business or ones it creates for the society - can be solved. Free speech absolutism is possible and is beneficial once yo…

"Free speech absolutism is possible and is beneficial once you ensure that someone is not gaming the system, i.e. someone pretending to be more than one person."

This is probably the core motivation behind the $2/month blue checkmark fee proposed by him. You don't need to moderate social media if you can just send the cops credit card details of the person spam-posting swastikas, agitating for violence or breaking other established laws. I hope we all agree that laws against libel, glorification of crime, threatening people are not exactly censorship.

Re: Elon Musk makes $43B unsolicited bid to take Twitter private

#36
post #2

I don't have an opinion over the consequences for politics over this, I'm just excited over the potential shakedown of the social media landscape that I grew to despise. Musk is an activist, can make it or break it. He is absolutely right over its enormous potential, all the problems it has - as a business or ones it creates for the society - can be solved. Free speech absolutism is possible and is beneficial once yo…

> He is absolutely right over its enormous potential

What unrealized potential does Twitter have left after 16 years of existence?

Twitter is incredibly popular, but as Docker already showed, being incredibly popular doesn't have to translate to financial success.

Re: Elon Musk makes $43B unsolicited bid to take Twitter private

#37

Good old activist investing. Carl Icahn would be proud.

Activist investors almost never buy the entire company outright. The objective is to buy enough stock to have influence on the board, pressure them to make changes that they think would be beneficial and then sell. I think the last time twitter was targeted by actual activist investors, they never bought more than 5-6% of the stock but that was enough to force Dorsey to make changes.

Re: Elon Musk makes $43B unsolicited bid to take Twitter private

#39
post #32

Well you should have nationalized it while you could've BTW why is this called hostile?

Standard terminology for when an acquisition is pitched directly to the shareholders against the wishes (or irrespective of the wishes) of the board.
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