Elon Musk makes $43B unsolicited bid to take Twitter private

Post by antichronology » Fri, Apr 15, 2022, 1:59 AM UTC

madeofpalk wrote: post #917

thepasswordis wrote: post #249

Can anybody make a good argument as to why Twitter (in its current form) isn’t a major detriment to society? If Twitter poofed out of existence today, it would be a major win for this planet. People talk about a frightening future with a human hostile AI that wants to destroy humanity. That exists, it’s twitter. Elon buying it, even if he runs it into the ground is a good thing. Getting rid of some of the hostile AI…

> Can anybody make a good argument as to why Twitter (in its current form) isn’t a major detriment to society? Basically no one actually uses twitter. I only know one person in real life who uses twitter. Twitter's problem is that 'media types' really like twitter, for one reason or another, and tend to blow everything that happens there out of proportion for off-platform engagement. Personally, I really like twitter…

Post by JaceLightning » Fri, Apr 15, 2022, 2:19 AM UTC

yabatopia wrote: post #383

Let'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…

Post by ncr100 » Fri, Apr 15, 2022, 2:25 AM UTC

thepasswordis wrote: post #249

Can anybody make a good argument as to why Twitter (in its current form) isn’t a major detriment to society? If Twitter poofed out of existence today, it would be a major win for this planet. People talk about a frightening future with a human hostile AI that wants to destroy humanity. That exists, it’s twitter. Elon buying it, even if he runs it into the ground is a good thing. Getting rid of some of the hostile AI…

Post by xyst » Fri, Apr 15, 2022, 2:46 AM UTC

williamsmj wrote: post #603

RustyConsul wrote: post #510

> "if my offer is rejected i will reconsider my ownership in twitter." Thats an immense amount of selling pressure on the stock... This is a threat. He's negotiating with a gun to their head.

This is standard operating procedure for takeovers, but I think you're massively overestimating the amount of pressure someone selling 9% of the company places on the stock price. Someone buying 9% (with an expecation that they would buy more) moved the stock $10. The same person selling 9% stock (with no possibility that can sell more) is unlikely to move the stock more than that.

Post by nonethewiser » Fri, Apr 15, 2022, 2:49 AM UTC

prepend wrote: post #69

I think social media is a real negative force in the world and welcome this as potentially a way to make it better, or at least destroy Twitter and remove one outlet. I don’t think public companies can reform social media because it’s too profitable. As a private company it may be possible to reform it to still be profitable, but not in a way that harms people.