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

Post by giorgioz » Sat, Apr 16, 2022, 9:24 AM UTC

  1. Vanguard 10.3%

  2. Elon Musk 9.2%

  3. Morgan Stanley 8.4%

  4. BlackRock 6.5%

  5.  State Street Corp 4.5%

  ?. Jack Dorsey 2.25%

  1. Elon Musk 17%

  2. Susquehanna Securities 6.5%

  3. Capital World Investors 4.9%

  ?. Kimbal Musk 0.07%

  Musk owns 48%-54% of outstanding stock
  and 78% of voting rights

  1. Jack Dorsey 12.7%

  2. Morgan Stanley 6.8%

  3. Vanguard 6.3%

Post by delusional » Sat, Apr 16, 2022, 9:29 AM UTC

rgbrenner wrote: post #335

not2b wrote: post #184

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?

Post by fblQ » Sat, Apr 16, 2022, 9:33 AM UTC

atoav wrote: post #808

memish wrote: post #696

Some points from the All in Pod. 1. The Twitter board of directors has become a status thing. It's like a country club. They don't have real skin in the game; they don't own much stock. They're not aligned with the shareholders. It's about status and cultural power. 2. Why should we believe that the company will become more valuable when the stock price is where it was way back in December 2013? Compare to how the S&…

> The elites have somehow inverted history so they now believe that it is not censorship that is the favored tool of fascists and authoritarians, even though every fascist and despot in history used censorship to maintain power, but instead believe free speech, free discourse, and free thought are the instruments of repression. At which point in history could any person blurt out a brainfart and have thousands of peo…

Post by onion2k » Sat, Apr 16, 2022, 9:42 AM UTC

sillysaurusx wrote: post #730

tptacek wrote: post #721

Earlier quoted context omitted.

"One AI engineer from Tesla could solve Twitter's bot and spam problem." It's hard to take any of the rest of this seriously after that "detail".

I think this is the first time I disagree with you. Bot problem, perhaps not. Spam problem, definitely. https://twitter.com/paulg/status/1487022342630957062?s=21&t=... https://twitter.com/paulg/status/1496549841912094733?s=21&t=... https://twitter.com/paulg/status/1485588476057825290?s=21&t=... and https://twitter.com/id_aa_carmack/status/1473752736537657349... https://twitter.com/id_aa_carmack/status/139902863019023…

Post by bfz » Sat, Apr 16, 2022, 9:46 AM UTC

ehsankia wrote: post #716

darth_avocado wrote: post #706

Earlier quoted context omitted.

> One AI engineer from Tesla could solve Twitter’s bot and spam problem I think you underestimate how hard the problem is or you don’t fully understand how it works. The scale at which Twitter operates makes it near impossible to take down spam in real time. You don’t think Twitter is working on it, but they are. What you see is a much smaller percentage of the actual spam generated, and the reason you see it is beca…

To think that a company that has failed to create self-driving for nearly a decade could solve "content moderation", one of the hardest problem on the internet that every single of the big companies (who btw hire the best talent) have been struggling with, is truly a shocking statement to me. If all Google and Facebook couldn't solve it, why could a Tesla engineer of all people...