OT: Elon Musk Offers to Buy Twitter for $42 Billion In Cash
- Thread starter nashvegastiger
- Start date
I'm guessing they wont accept. He will then sell his shares. Price will plummet then he will come back with a much lower offer and buy 100% at a discount.
He doesn't tend to lose often.
He doesn't tend to lose often.
Dayum
Waiting for the Trump “I am back bitches!” Tweet
Waiting for the Trump “I am back bitches!” Tweet
hope he fires the entire censor/edit dept.....
I wish I had bought Twitter stock when it was first announced he was involved.
Twitter as a whole is a cancer and so out of touch with reality. It’s not real world. Basically a bunch of paid liberal bots.
People care way too much about what Twitter thinks of any topic. I work in digital media. If I had a nickel for every time someone in my office was like "this is blowing up on Twitter" but no real people know what's happening. It's very inside baseball for my industry.
I think people who have nothing better to do than retweet stupid political shit should find a new hobby, so I'd be fine if it went away entirely.
I think people who have nothing better to do than retweet stupid political shit should find a new hobby, so I'd be fine if it went away entirely.
If they don’t take this offer then why would they take the lower one? The stock will Recover.
They wont have a choice after the price plummets. The Board will be under tons of pressure at that point. Watch and learn. Buy on the massive dip if they don't accept this offer.
Don’t most companies have protections in place on their stock that prevent hostile takeovers? I’m genuinely asking.
Agree 100%. Hope he buys it and fires everybody. Next up, FB.
Yep. They have a fiduciary responsibility to think long and hard about this offer. As was noted before, if they reject and he sells his position, then the stock will crater and he'll simply buy it at a discount if he chooses.
This is once again a brilliant move by Musk.
What @TigerinLA said. I know there are "defenses" against it, but that's above my pay grade. I don't know that any could actually prevent it outright, rather may only help the negotiations.
yes. They likely have the "poison pill" or can enact it
Poison pill means existing shareholders (other than Musk) can buy 2 shares for every 1 that they own, which they would all do because it's half off. This would shift value back to existing shareholders and away from Musk. It's such a good defense mechanism that it almost never actually gets used, just the threat of it is enough
In order to successfully launch a hostile takeover now, you have to get control of the board
Delaware case law states that there is no fiduciary responsibility to take a good offer unless the company is stated to be for sale
In this case, I don't think Twitter has stated that. The Board does not legally have to sell until it opens itself to a change of control
Elon would fix Twitter. He’s called them out on their Partisan woke bullshit.
He even proposed he would turn the main Twitter office into a homeless shelter.
lol
He even proposed he would turn the main Twitter office into a homeless shelter.
lol
That's great info right there. I had no idea that was the case. Appreciate the education this morning.
I think it’s sad that we’ve gotten to a point that people think “free speech” is defined by who can post on a social media platform. Twitter (and FB) are private companies that can determine the bounds of who uses their platforms.
Not a single American has lost their right to free speech - just a bunch of ones that lost their megaphones because they violated the terms of a company’s policy. While I realize that reduces their audience, that is not by definition “free speech” as protected by the Constitution. The ones bitching about it the most, still make daily appearances on “news” programs that reach millions of viewers, and routinely speak out against our government. That is by definition free speech.
Not a single American has lost their right to free speech - just a bunch of ones that lost their megaphones because they violated the terms of a company’s policy. While I realize that reduces their audience, that is not by definition “free speech” as protected by the Constitution. The ones bitching about it the most, still make daily appearances on “news” programs that reach millions of viewers, and routinely speak out against our government. That is by definition free speech.
Isn’t it illegal to manipulate stock prices like that? Obviously the stock price would soar after news got out. If Twitter declines his offer then he sells his current shares for a profit
it's 100% hostile. The board doesn't want him controlling the company and has made that clear. Also, if he had approached the board with a soft bear hug letter or something like that, it almost assuredly would have come out
If Elon takes away my @PitchingNinja clips, I will not be happy.
To me, Twitter is what you make it. I scroll headlines and don't follow or block/mute folks I don't want to hear from - much like on here. I enjoy it on CFB Saturdays to get clips from all of the games, and - as stated above - Pitching Ninja.
To me, Twitter is what you make it. I scroll headlines and don't follow or block/mute folks I don't want to hear from - much like on here. I enjoy it on CFB Saturdays to get clips from all of the games, and - as stated above - Pitching Ninja.
I wonder if some stockholders could sue the board as a class action lawsuit for not upholding their fiduciary duties. If the board rejects Musk's offer, Is it because they are putting their own desires above those of the shareholders?
Although they are private companies they utilize huge amounts of public owned or public regulated or public funded assets
I agree that any private company can restrict speech
but it needs to have nothing to do with using public resources and then restrict speech
But again I regress as the Constituion only refers to government restriction and not private business
You can still hear the liberal screams if you step outside.
My problem with them is that they claim to be an unbiased platform when that is clearly not the case. Same with FB. Also, they should not be afforded protection from liability of content if they are going to edit/approve/disapprove content, imo.
Dude is either a real life Bruce Wayne or a Bond Villain. Im not sure which but I love him.
Once again, they are not restricting speech, just access. Don’t confuse the two.
When Cris bans someone from TI, he didn’t take their speech, he exercised his right as the company owner to determine who posts on his platform.
Just another proof of the old adage that it takes money to make money. In this case, a s**t load of money.
It’s one thing to know that you can do a thing like this, but quite another to actually have the money to do it.
Pretty sure you're right that there's a bit of a meltdown. Twitter fears free speech. Musk embraces free speech and refused to censor the satellite over Ukraine from Russian messaging.
If your platform is unregulated by the FCC, then I agree with Musk's approach. Twitter, Instagram, Facebook, and Instagram are unregulated because it is a platform exchange. When/if they selectively edit content, they pass from an agnostic social media exchange to more of a media content platform that should be regulated. Shouldn't be able to have it hoth ways.
I love free speech and have an intolerance for whiners who only embrace the concept if the messaging echos their own views and values.
I see a hostile takeover in the works. Whatever he does, he's still going to be a capitalist and make money, he just has plenty of it to play with and can take a long view.
But, I don't know that I would say that Elon Musk is the savior here that conservatives may make him out to be.
But, I don't know that I would say that Elon Musk is the savior here that conservatives may make him out to be.
