Twitter board adopts poison pill after Musk’s $43B bid to buy company

Post by l33tc0de » Sat, Apr 16, 2022, 4:25 AM UTC

ergocoder wrote: post #670

extheat wrote: post #662

Earlier quoted context omitted.

> falsely accuse British diver as a child rapist Let's be specific, "pedo guy". And that was an insult in response to an equally profane insult from the other guy. Two wrongs don't make a right, but he apologized and people who have said equally bad or worse things also occupy high places...

This is not insult. It is malicious intent. Weeks later someone talked to musk about it, and he replied "Bet ya signed dollar it's true". Elon also hired private investigator to dig dirt on the diver but found nothing. https://techcrunch.com/2018/07/15/elon-musk-tweets-hell-bet-... Musk also emailed BuzzFeed reporter suggesting that the diver was a child rapist. Source: https://www.buzzfeednews.com/article/ryanmac/el…

Post by [deleted] » Sat, Apr 16, 2022, 4:26 AM UTC

toephu2 wrote: post #457

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).

Post by dtjb » Sat, Apr 16, 2022, 4:28 AM UTC

tonguez wrote: post #679

dtjb wrote: post #672

Earlier quoted context omitted.

Does free speech require a company to give me a megaphone to their private platform and users? Does twitter not have a right to exercise their speech?

Are you capable of talking without regurgitating propaganda buzzwords like megaphone?

Post by FFRefresh » Sat, Apr 16, 2022, 4:40 AM UTC

browserman wrote: post #589

hooande wrote: post #485

Earlier quoted context omitted.

As is detailed by many smart people below, fiduciary duty lawsuits are difficult to win. They'd pretty much have to have board members emailing each other saying "This would be in the best interest of shareholders, but let's screw them over instead" This was an epic debacle. Musk invested 4 BILLION dollars in an asset of questionable value, because "free speech". If he times it right he could come out ahead financial…

After considering it for a bit, my opinion is that it's mostly a political ploy; if he buys it, he'll bring back Trump et. all, expecting that once the GOP is back in power, they'll make any trouble he may be expecting with the SEC and the National Labor Relations Board go away I think there are probably other factors at play too. His ego, of course. And also the general desire, also evident among VCs like Andreesen,…

Post by sakopov » Sat, Apr 16, 2022, 4:52 AM UTC

axg11 wrote: post #129

UnpossibleJim wrote: post #105

So, I'm not very corporate savvy and this might be a very stupid question. Is there a NON-culture/political reason for all the push back against Musk buying Twitter? From the read, this just seem to be opening the door for someone else to try and take majority control and pining away for the days of Dorsey (which, if looked at objectively, weren't great... just filling an opportunity).

The pushback is simple: Twitter stock price was higher than Musk’s offer for most of 2021. We are in a downturn affecting the entire tech industry, and it’s likely that prices will return to previous levels at some point. Elon’s offer is a lowball and Twitter can bring more value to shareholders with or without Elon.