He's already backing off the deal which should be a surprise to no one.
https://www.cnbc.com/2022/04/14/elon-musk-not-sure-hell-be-a...
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
#922Does anyone else think he is trying to do this so it gets accepted and announced on 4/20? I worry, because Twitter is a very real outlet for many oppressed people. Matrix technology is good, but nowhere near as widespread or easy to use yet. I worry that Twitter will be bought and Musk turns out to be a far-right or far-left extremist that makes Twitter into a much more biased political platform.
>Does anyone else think he is trying to do this so it gets accepted and announced on 4/20?
Would be absolutely in character for him.
I mean Musk is obviously Lib Right (shoutout to politicalcompassmemes). Everybody on the bottom half of the spectrum is pro-free(speech|dom).
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#923Let's ignore personality and societal issues for a moment and look at the value proposition. The 'best and final offer' of $54.20 per share is just too low to be acceptable for major investors. Just over year ago, Twitter shares traded at about $70 per share. Musk's offer is about 25% lower than last years peak. There's no reason to assume Twitter shares can't reach the same levels ever again, nothing much has change…
your comment about the price being $70 a year ago seems off to me. that's not the value now so why should it be seen as such? if you were buying a house worth $400,000 and made an offer of $540,000 but were told no, this house was worth $700,000 a year ago the value of this fictional house now is still $400,000
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#924It's hard to navigate comments, but I cannot find the important stuff being discussed. I mean: how the hell can he even remotely viably secure $43B in cash?! All this "$200B net worth" is pretty much bullshit — it's multiplying current stock price by the amount he holds. (Hugely overpriced stock, in his case.) Sure, he can borrow insane amounts of money using this stock as a leverage, but no way it can be even close…
Overcollateralized loans are a real thing, & when used right offer substantial opportunities in risk hedging, leveraging, & limit sells. He'll need to post ~$55B in stocks to make it happen, but it's doable.
https://www.investopedia.com/terms/o/overcollateralization.a...
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#925As somebody from the first world who has had the experience of moderating Internet forums… free speech in the sense of “the government generally shouldn’t control people’s speech, with limited exceptions” is good and necessary. Free speech in the sense of “everybody should be forced to platform every idea” is silly IMO. Left alone user content rapidly devolves into the most low-effort salient content - flame wars, po…
>Note that you’re choosing to spend your time on HN (a relatively strongly moderated forum) instead of a less moderated forum like 8chan’s /b/.
>Free speech in the sense of “everybody should be forced to platform every idea” is silly IMO.
This is a strawman. Nobody forced twitter to build twitter. When you build an open platform and let anyone sign up, you're offering a platform. When you then arbitrarily decide to remove people from it for wrongthink you're reneging on the deal. Framing it as "forced to platform every idea" is nonsense. Phone companies are literally required not to discriminate based on content and it's been on the whole a good thing. I don't know why social media gets to be both a platform and an editorial board. It's bullshit.
>ote that you’re choosing to spend your time on HN (a relatively strongly moderated forum) instead of a less moderated forum like 8chan’s /b/.
Why do moderators always act like a person can only use one website? Is it a power thing? I use reddit, facebook, hn, .win, poal, twitter, and 4chan almost every day.
>If you want your platform to be about anything other than those, you need curation and moderation. This is key for a good user experience.
This is just your opinion. For me a good user experience isn't even possible if I'm silenced or "moderated" (read: censored).
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#926What if Twitter employees threaten to leave en-masse? I'd seen some reports that people quit when he became the largest shareholder. It's not outside the realm of possibility.
If he actually ends up owning it, I might apply. But I won't work for anti-free speech platforms which is what twitter currently is.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#927remember: Musk is the same person that posted this: https://twitter.com/elonmusk/status/1503276966874595330
democracy doesn't matter when the rich seek to bend the world to their will.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#928So Twitter was at $70 per share a year ago. So what? Jack Dorsey was CEO a year ago, too. The share price was $33 less than a month ago. But, despite an absolutely incredible roller-coaster news cycle, things have been definitely trending down at Twitter ($33/share last month), which was reflected in its share price. The current executive team (and Dorsey) had wasted time focusing on things that didn't matter instead…
Everyone currently holding $TWTR believes that the true value is greater than the current price. To make a successful hostile bid, you need to pay not just "more than the current price", but "more than the holders of 50% of current shares believe the company to be worth". Usually bidders use analyst price targets to guess at the distribution of holders' internal price targets. This is what makes it so difficult, and…
>Everyone currently holding $TWTR believes that the true value is greater than the current price.
I don't see how this is relevant. All stockholders of any non-dividend paying company believe the price of the stock will go up. Takeovers with relatively low premiums happen all the time. That being said, Musk is definitely bargain hunting. I think the bid shows he isn't that serious and has no idea how to answer the fundamental monetization questions.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#929So Musk offered $43B to purchase Twitter, but it can't be a serious offer because $43B is only $1083.00
/rimshot
c'mon... it's a hex joke. No? Ok.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#930So Twitter was at $70 per share a year ago. So what? Jack Dorsey was CEO a year ago, too. The share price was $33 less than a month ago. But, despite an absolutely incredible roller-coaster news cycle, things have been definitely trending down at Twitter ($33/share last month), which was reflected in its share price. The current executive team (and Dorsey) had wasted time focusing on things that didn't matter instead…
Everyone currently holding $TWTR believes that the true value is greater than the current price. To make a successful hostile bid, you need to pay not just "more than the current price", but "more than the holders of 50% of current shares believe the company to be worth". Usually bidders use analyst price targets to guess at the distribution of holders' internal price targets. This is what makes it so difficult, and…
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