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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

#951

I bet some of those who advocated "it's a private company, it can deplatform whoever it wants" are probably re-thinking their stance on deplatforming from a major social media.

Ideally, deplatforming is done in in illegal cases and the government/people decide what is grounds for deplatforming instead of some coked-out execs at Twitter.

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

#955

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

#957
post #791

So 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…

A company is not a bag of potatoes in the market to sell at the whims of the highest bidder. Here is what would be looking after their fiduciary duties: The company had a loss of 200 million dollars this year. Was only profitable 2 years out of its 16 years of existence. The board should state that Twitter in the hands of Elon Musk, could jeopardize its current unique and somewhat also precarious, place in social med…

He wants to take it private. The benefit is getting to exit at 54.20.

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

#958
post #934

Chris Anderson of TED asked Elon a lot of the questions and concerns being discussed here. Check it out if you want to understand his perspective and goals with twitter. “Having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization” To that end, he committed to transparency. For example, changes to tweets or users would be made visible and apparent so t…

Those sound like great changes. I'd love to see the algorithm in its current state

I agree it would be nice but it would also be a boon for bad actors who want to manipulate the system. Reddit now closely guards its algorithms (it didn't used to) to make it more difficult to game the system. For every honest curious developer who wants to vet the system, there are plenty more people out to spread miss-information.

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

#960
post #934

Chris Anderson of TED asked Elon a lot of the questions and concerns being discussed here. Check it out if you want to understand his perspective and goals with twitter. “Having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization” To that end, he committed to transparency. For example, changes to tweets or users would be made visible and apparent so t…

if the algorithm is open source, bad actors can see it as well. it'll become remarkably easy to spam and game the system. this could drive users away, decrease revenue and leave Mr. Musk holding a $40B hot potato
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