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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

#551

43 Billion Dollars!? Of all the important issues in the world, Twitter is where this sort of money might go? Twitter! Oy vey have we lost sight of whats important. That's enough to give every research PhD student in the USA a sorely needed extra $15k every year for the next ~50 years. Sure glad we aren't living in an age where incentivizing technological breakthroughs on a societal level is an important thing to do.…

It's not like he's spending it for nothing in return. He's buying a business that has the potential to be cash flow positive (although it's been a couple years). He must see potential to make the service better and make money doing it. I can't speak for him obviously but based on his prior large bets, he's willing to lose it all but that's never his intention at the outset.

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

#552

As a Twitter shareholder I would vote against this. Musk says there is tremendous financial potential in Twitter but then offers $54 a share, which is not even 2x the IPO price. That’s not a “tremendous potential” premium. There is a lot of evidence that platforms which de-prioritize moderation have trouble attracting revenue and experience significant compliance costs. See: the sad story of Moot, who ran one of the…

> As a Twitter shareholder I would vote against this.

Which is your right, but do you own nearly 10% of twitter like elon musk with the ability to buy up to nearly 15%? Unless you own big blocks of shares, your vote really doesn't matter.

> Musk says there is tremendous financial potential in Twitter but then offers $54 a share, which is not even 2x the IPO price.

Twitter IPO'd nearly 10 years ago. The IPO price really doesn't factor in today.

Musk offered $54 and twtr is currently trading less than $47. It means that major investors don't value twtr higher than $54 and do not expect a bidding war. If twtr was trading above $54, then it would indicate that musk was undervaluing twtr and investors expect a bidding war. Also, the fact that it is trading so much below $54 indicates that many don't expect twtr to sell itself to musk. Regardless, it will be interesting what happens in the coming months.

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

#553
post #50

I personally think this is excellent, in the great scheme of things, maybe this will open a real discussion about the real oligarchic nature of the US political and societal life at the top. I mean, with tech titan (and second wealthiest man on the planet) Bezos owning the WaPo, the moment the tech titan (and the wealthiest man on the planet) Musk will put his hands on Twitter hopefully will also be the moment of som…

This is a good point. Everyone that thought it was great twitter was centralized and saying "it's a private company, they can censor what they want" and "go make your own platform" will have to contend with their once convenient unprincipled position.

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

#556

Anyone else curious how Musk would handle that Twitter account tweeting about his private jet flights if he owned Twitter? Strange to think that might be the real litmus test of how much he cares about free speech.

> Anyone else curious how Musk would handle that Twitter account tweeting about his private jet flights if he owned Twitter? Strange to think that might be the real litmus test of how much he cares about free speech.

He would probably do nothing. Even under Twitter's currently very vague rules, that Twitter account didn't violate anything so I don't know how it would with even more specific ones he wants them to implement. All that information is already public record (you can lookup any plane like that's flight logs). He was probably just annoyed by it constantly popping up in his feed so he told an assistant to offer his equivalent of a couple dollars to the kid to stop.

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

#557

As much as I very much admire the output of Elon's various ventures, I'm not sure of the value of this move, either for him or Twitter. I think Twitter often brings out the worst of his character (or perhaps "reveals"?) I wonder if he might be too emotionally invested in how Twitter operates for this to be a good move, given his numerous Twitter-led controversies. I worry about the motivations behind him trying to do…

I’d be very surprised if this is emotional thrashing from someone who has been very long-term focused and first principles oriented in all of his other endeavors.

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

#559
Elon Musk can not buy Mastodon (https://www.joinmastodon.org)

This is the best ethical replacement for what Twitter provides, and it gives control back into operators of communities because it is based on a standardized specification for a federated social web.

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