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

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

#921

Post by [deleted] »

memish wrote: post #903
nowherebeen wrote: post #830

Earlier quoted context omitted.

It’s important to also note that one of Musks strengths is marketing. He makes bold claims that makes headlines. We should be all used to his charade by now. A lot of the stuff he claims that actually works has teams of people supporting him. Those weren’t one man efforts like this.

I see Tesla cars all over the place. I saw rockets take off from SpaceX. What charade? Also he often publicly thanks, congratulates and credits the Tesla and SpaceX teams. Here's a sample: https://twitter.com/search?q=from%3A%40elonmusk%20%22team%22... As you can see yourself, he's saying "great job team!" not "great job me!". I just don't get all these olympic level contortions around denying the achievements of an…

[deleted]

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

#922

Post by cute_boi »

orestarod wrote: post #919
ehvatum wrote: post #910

Earlier quoted context omitted.

Because he’s an immigrant that made good on the American dream. That’s a powerful thing - some might even dare say, inspiring. I realize he’s white, so it doesn’t count, but it should.

He was a RICH immigrant that made good on the American Dream. Having a truckload of money ready for you before you venture out in the world would be inspiring for anyone, believe me.

Exactly! Many people underestimate the value of privileges'. Privileges' give "unfair" advantage. Anyway, there are many people like these and Elon is few among them that have successful ventures like Tesla or SpaceX.

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

#923

Post by ckelly »

diebeforei485 wrote: post #913
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…

> So almost $6/share was left on the table. A few when ago when Microsoft announced it was buying LinkedIn, the shares were trading around $10-$15 less than the announced acquisition price for months. I wouldn't put too much weight into any sort of imputed probability from the price.

> I wouldn't put too much weight into any sort of imputed probability from the price.

It's absolutely fair to impute a rough probability of deal closure from the stock price. The whole "merger arbitrage" industry works around that premise.

Sometimes the market doesn't think a deal has a 100% chance of closing (like MSFT and LinkedIn) and it still closes. There were valid antitrust concerns circling that deal, e.g. https://thehill.com/policy/technology/298573-salesforce-rais...

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

#924

Post by memish »

orestarod wrote: post #919
ehvatum wrote: post #910

Earlier quoted context omitted.

Because he’s an immigrant that made good on the American dream. That’s a powerful thing - some might even dare say, inspiring. I realize he’s white, so it doesn’t count, but it should.

He was a RICH immigrant that made good on the American Dream. Having a truckload of money ready for you before you venture out in the world would be inspiring for anyone, believe me.

He may have started with less than the median American when he emigrated. Rich parent doesn't always equal rich kids. The ones that are mostly just consume. It's plainly obvious he's not some rich trust fund kid.

Which is why so many people are threatened by Elon's success and project their own insecurity onto him. Unresolved personal insecurity and envy are a potent combination. I promise this is unhelpful and it's better to resolve one's own insecurity than to spend time projecting it.

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

#925

Post by Jon_Lowtek »

tempest_ wrote: post #908
memish wrote: post #903

Earlier quoted context omitted.

I see Tesla cars all over the place. I saw rockets take off from SpaceX. What charade? Also he often publicly thanks, congratulates and credits the Tesla and SpaceX teams. Here's a sample: https://twitter.com/search?q=from%3A%40elonmusk%20%22team%22... As you can see yourself, he's saying "great job team!" not "great job me!". I just don't get all these olympic level contortions around denying the achievements of an…

Aha is the American Dream be born to well off parents and emigrate to dodge a draft now?

yes, the american dream being "born rich" is the postmodern satire re-enactment of the original. It features a white african for diversity.

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

#926

Post by jollybean »

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…

Musk could probably raise the money.

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

#927

Post by diebeforei485 »

ckelly wrote: post #923
diebeforei485 wrote: post #913

Earlier quoted context omitted.

> So almost $6/share was left on the table. A few when ago when Microsoft announced it was buying LinkedIn, the shares were trading around $10-$15 less than the announced acquisition price for months. I wouldn't put too much weight into any sort of imputed probability from the price.

> I wouldn't put too much weight into any sort of imputed probability from the price. It's absolutely fair to impute a rough probability of deal closure from the stock price. The whole "merger arbitrage" industry works around that premise. Sometimes the market doesn't think a deal has a 100% chance of closing (like MSFT and LinkedIn) and it still closes. There were valid antitrust concerns circling that deal, e.g. ht…

That's not the same as saying the market wasn't taking the offer seriously.

> The whole "merger arbitrage" industry works around that premise.

If the market price reflected the probability, then an arbitrage strategy should not be profitable.

Usually, these folks have better experience/skills/knowledge about M&A, antitrust, etc than the market average. In other words, the market doesn't reflect the probability of an event happening.

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

#928

Post by browningstreet »

dm319 wrote: post #870
nowherebeen wrote: post #830

Earlier quoted context omitted.

It’s important to also note that one of Musks strengths is marketing. He makes bold claims that makes headlines. We should be all used to his charade by now. A lot of the stuff he claims that actually works has teams of people supporting him. Those weren’t one man efforts like this.

I would upvote this as insightful if we were still on Slashdot. These one-man pioneers like to further the impression that they are the sole reasons for their success, but the reality is that we all build on the shoulders if giants. I am not shitting on his ability to make his endeavours successful - I am just saying that the proportion of his responsibility for it is much lower than most people think. I'm not sure w…

Musk mentions both his team, and his family office, in his communications to Twitter, and includes transcripts of those in his SEC filing.

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

#929

Post by jollybean »

nowherebeen wrote: post #830
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 important to also note that one of Musks strengths is marketing. He makes bold claims that makes headlines. We should be all used to his charade by now. A lot of the stuff he claims that actually works has teams of people supporting him. Those weren’t one man efforts like this.

You're missing a couple of points:

1) It's not a Trumpian charade because many of the things he says actually work out. He'd already be done otherwise.

That's what makes it so interesting. I suggest he would buy Twitter if he could - and - he benefits from the free PR either way.

Yes, it's a bit cynical of him, but the PR is worth it, and, it's not like he's playing with election outcomes, or starting wars.

2) We know he's not 'doing it himself' and I suggest his Eng. knowledge is way overstated, at the same time he is very 'detail / hands on / insightful at that level' and with the big vision stuff he gets people motivated. I disagree with almost everything he says publicly and loathe is fanboys, but he still deserves enormous credit.

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

#930

Post by mlindner »

isitmadeofglass wrote: post #875

My prediction is that Elon will have sold a majority of his stake in Twitter soon, netting him a huge gain before the dust settles. And he’ll likely get a small symbolic fine again for his blatant market manipulation.

Yes this unfortunate lie will be crowed from the rooftops that Musk is just manipulating the market when he in fact has zero history of actually caring about making money on the stock market.
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