611–620 of 1001 posts
Earlier quoted context omitted.
If you lose a bunch of money and don't change the "free speech" policy of a website, isn't it still an L?
He's already won by spotlighting Twitter's poor record.
Wow, my prediction is Musk will walk away, Twitter stock price will tank, and Twitter will be flooded with thousands of shareholder lawsuits (for breaching their fiduciary duty).
Have you looked at some crazy behaviours from Musk?
Like how he teased SEC. How he tried to falsely accuse British diver as a child rapist.
Not to mention, the price isn't that good. There were people who bought at 70 a few months ago.
Offering at 44 is kinda meh.
If musk offered 1000 per share, then the lawsuit may have had some weight.
Even before the poison pill was adopted, the evidence is the market wasn't taking Musk's offer seriously. That's because he was offering $54.20 per share (ha ha, 420), but the stock price never closed higher than $48.36. So almost $6/share was left on the table. Part of it is that Musk doesn't have $43B in cash, he'd have to raise it or borrow it. He's worth more than that but it isn't liquid; as an officer of Tesla…
It’s definitely just a stunt… he doesn’t have the money, and said he expects larger shareholders to sign on to the deal… so he can take the company private and do great profit-maximizing ideas like turning their office into a homeless shelter. He’s presented no ideas that would increase twitters profits or market share. What shareholder would sign up for this?
Twitter has around 8,000 employees. I fully understand and respect the high level of technical skills needed to operate and manage such a highly available service, BUT I still can't for the life of me figure what the other 7,950 employees do.
I just assumed that Elon had no actual plans to win this process, but rather use it as a way to first weaken Twitter before launching a competitor. The reason for this is because I don't see how someone can take over a company where, I assume, a large percentage of the core engineers actually want all of the censorship and so on, and have pronouns in their bio and all of that stuff to signal that they are on the oppo…
In my experience, the more someone talks about "social justice", the less they have to contribute to any actual production.
Twitter has around 8,000 employees. I fully understand and respect the high level of technical skills needed to operate and manage such a highly available service, BUT I still can't for the life of me figure what the other 7,950 employees do.
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or the stock can be dumped with public fanfare, bringing it to a fantastically low price. Then, it can be purchased back, even with the 25% premium, likely for the same total price.
This is wishful thinking. I doubt elons sale would have the effect you expect.
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I have this recurring fantasy in which some Satoshi figure creates a decentralized global bulletin board, such that anybody can post and view anything anonymously and untraceably, and nobody - not the U.S. government, nor the CCP, nor the Mossad, nor the NSA - can stop it short of dismantling the whole Internet and starting over. Nobody can blame anybody, because nobody can stop it. Not because I think such a thing i…
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Twitter has around 8,000 employees. I fully understand and respect the high level of technical skills needed to operate and manage such a highly available service, BUT I still can't for the life of me figure what the other 7,950 employees do.
You also hit diminishing returns with new features and user growth, but when you have hundreds of ~~billions~~ millions of users, even marginal engagement gains can multiply out to something big, so you have a lot of teams working on features that might move the needle a bit.
There are also more regulatory hurdles as you grow, so some of the staff just support that.
Twitter has around 8,000 employees. I fully understand and respect the high level of technical skills needed to operate and manage such a highly available service, BUT I still can't for the life of me figure what the other 7,950 employees do.