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Elon makes all-cash offer to take Twitter private
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Last: 1 day ago by samurai_science
Elon is a free speech absolutist, it's not about right and left.
But he had to chuckle when making an offer that expires on...4/20.
But he had to chuckle when making an offer that expires on...4/20.
MUSK: "I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.
Since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company."
Since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company."
“Never argue with stupid people, they will drag you down to their level and then beat you with experience" - Mark Twain
Can't wait for the liberal bastion on the west coast to wake up in the next hour or two. Should be a fun day on Twitter.
This has all the makings of a massive shareholder derivative lawsuit, with Elon arguing that Twitter's shareholder value is being deteriorated by politically motivated moderation.
The shareholders of Twitter can argue that the board and management is acting in their own best interest, and not in the interest of the shareholders. That will put Twitter on its heels.
Speculation / predictions:
It would also be interesting, in that Twitter would probably argue that the place of the corporation is not just to make shareholders happy, but to be a "good corporate citizen," and that whole "shareholder vs stakeholder" argument would get some major light.
Twitter would then have to argue, eventually in front of the supreme court, that their politically motivated moderation is the best thing for democracy. They would sound an awful lot like the Russian communist party this week.
Under that scenario, I think that what Twitter / Amazon did to Parler becomes fair game.
It would be the biggest trial since OJ Simpson.
The shareholders of Twitter can argue that the board and management is acting in their own best interest, and not in the interest of the shareholders. That will put Twitter on its heels.
Speculation / predictions:
It would also be interesting, in that Twitter would probably argue that the place of the corporation is not just to make shareholders happy, but to be a "good corporate citizen," and that whole "shareholder vs stakeholder" argument would get some major light.
Twitter would then have to argue, eventually in front of the supreme court, that their politically motivated moderation is the best thing for democracy. They would sound an awful lot like the Russian communist party this week.
Under that scenario, I think that what Twitter / Amazon did to Parler becomes fair game.
It would be the biggest trial since OJ Simpson.
$TWTR set to open at a discount of more than 10% to @elonmusk's offer.
— Andy Swan, M.C. (@AndySwan) April 14, 2022
This suggests that the Twitter board is expected to shoot down the purchase.
Doing so would be a egregious violation of fiduciary duty, in my opinion, and would open the company up to serious lawsuits.
Even if Musk is unsuccessful in the takeover, he will have brilliantly and clearly exposed the Left's unquenchable thirst for control above all else.
— Andy Swan, M.C. (@AndySwan) April 14, 2022
This is exactly how the Chinese have disarmed and then radicalized commies out of our citizenry. Throw that $ around, baby!
"Freedom is never more than one election away from extinction"
Fight! Fight! Fight!
Fight! Fight! Fight!
Boot is a moron.
"Limiting speech I don't like leads to a healthy democracy" /Max Boot and CCP Chairman Xi
"Limiting speech I don't like leads to a healthy democracy" /Max Boot and CCP Chairman Xi
Yeah, that makes no sense whatsoever.Marcus Brutus said:
Boot is a moron.
"Limiting speech I don't like leads to a healthy democracy" /Max Boot and CCP Chairman Xi
Spoken like a true Marxist
I am frightened by the impact on society and politics if Elon Musk acquires Twitter. He seems to believe that on social media anything goes. For democracy to survive, we need more content moderation, not less.
— Max Boot 🇺🇦 (@MaxBoot) April 14, 2022
“Never argue with stupid people, they will drag you down to their level and then beat you with experience" - Mark Twain
Amazing how Trump and now Musk are getting people to show their true colors.
"And liberals, being liberals, will double down on failure." - dedgod
Captain Positivity said:Whitetail said:
Goodby @Jack. Hello @theRealDolanld.
Jack is friends with Elon.
If this is true, and I have watched Jack's descent into being a little bit crazy- the beard, etc...i wonder if he was being handled and controlled.
During that interview with Rogan if seemed odd that he would need a second person in the room with him.
Just musing to myself.
Win win for Musk - either he gets Twitter or he can turn around and sell his existing shares for a good profit now. And if they reject he has countersuit claim material to keep them in check.
Musk is Lawnmower Man?GeorgiAg said:
Interesting take to think about. Neuralink is Elon trying to connect the human brain to cyberspace. Interesting to think about if we could somehow be connected to a platform like twitter.Twitter could be a Neuralink play for Musk.
— Jack Murphy⚡️ (@jackmurphylive) April 14, 2022
Kinda terrifying.
Ok AOCAlbatross Necklace said:
Why would someone buy Twitter?
It's free on the App Store
Elon Musk has also offered to buy CNN+ for twenty-eight bucks.
— Frank J. Fleming (@IMAO_) April 14, 2022
"The most terrifying words in the English language are: I'm from the government and I'm here to help."
Ronald Reagan
Ronald Reagan
CNN says there is going to be a dramatic board fight and that Musk is not the right man.
So rest assured, the bod will hand the keys over to Musk without a fight and Musk will turn TWTR into 100B company
So rest assured, the bod will hand the keys over to Musk without a fight and Musk will turn TWTR into 100B company
Would be hilarious if Jack as a shareholder ended up joining a lawsuit against the current board for failing to carry out their fiduciary duties.
Good thread
they receive a tender offer.
— BowTiedRanger (@BowTiedRanger) April 14, 2022
Twitter must now form an independent committee with its own advisors to evaluate the offer & determine the “entire fairness” of the offer, which will prob require them to run a sale process. Essentially, they will have to shop around the offer. (2)
Board meeting is in session.
Now just waiting on the white smoke to signal a free society!!!!
Now just waiting on the white smoke to signal a free society!!!!
I bet Trump is glued to the TV hoping this goes through.
" 'People that read with pictures think that it's simply about a mask' - Dana Loesch" - Ban Cow Gas
"Truth is treason in the empire of lies." - Dr. Ron Paul
Big Tech IS the empire of lies
TEXIT
"Truth is treason in the empire of lies." - Dr. Ron Paul
Big Tech IS the empire of lies
TEXIT
from that thread:
Funding mostly by Elon? Using mostly TSLA stock as collateral? Which has appreciated in price because of decarbonization efforts by the government and the use of carbon offsets and tax breaks.
Quote:
As for debt, it's probably (4)
going to be a $20BN+ financing package, which will require a fairly large group of lenders.
Funding mostly by Elon? Using mostly TSLA stock as collateral? Which has appreciated in price because of decarbonization efforts by the government and the use of carbon offsets and tax breaks.
Elon will be the next president of Texas.
The leftists are freaking out.
They are so bummed that now everybody will be able to say what they want instead of just the leftist propaganda.
They are so bummed that now everybody will be able to say what they want instead of just the leftist propaganda.
These people live in utter delusion. pic.twitter.com/Fjt7qJnYQD
— Clifton Duncan: Good Looking Loser. (@cliftonaduncan) April 14, 2022
Currently a happy listless vessel and deplorable. #FDEMS TRUMP 2024.
Fight Fight Fight.
Fight Fight Fight.
will25u said:$TWTR set to open at a discount of more than 10% to @elonmusk's offer.
— Andy Swan, M.C. (@AndySwan) April 14, 2022
This suggests that the Twitter board is expected to shoot down the purchase.
Doing so would be a egregious violation of fiduciary duty, in my opinion, and would open the company up to serious lawsuits.Even if Musk is unsuccessful in the takeover, he will have brilliantly and clearly exposed the Left's unquenchable thirst for control above all else.
— Andy Swan, M.C. (@AndySwan) April 14, 2022
As expected, ESG trumps fiduciary duty now. This whole situation will prove it to everyone and force it out into the open. This has major potential of completely undermining the stock market as an investment tool. If this is now the norm, then your investment is now hostage to leftists that want control.
There are some dumb ass conversations on TV about @elonmusk bid- these people are missing the point. This is not about how he finances the deal. Are they deliberately avoiding the real point of this endeavor because it speaks to how the left has muffled free speech?
— Charles V Payne (@cvpayne) April 14, 2022
Currently a happy listless vessel and deplorable. #FDEMS TRUMP 2024.
Fight Fight Fight.
Fight Fight Fight.
BAP Enthusiast said:will25u said:$TWTR set to open at a discount of more than 10% to @elonmusk's offer.
— Andy Swan, M.C. (@AndySwan) April 14, 2022
This suggests that the Twitter board is expected to shoot down the purchase.
Doing so would be a egregious violation of fiduciary duty, in my opinion, and would open the company up to serious lawsuits.Even if Musk is unsuccessful in the takeover, he will have brilliantly and clearly exposed the Left's unquenchable thirst for control above all else.
— Andy Swan, M.C. (@AndySwan) April 14, 2022
As expected, ESG trumps fiduciary duty now. This whole situation will prove it to everyone and force it out into the open. This has major potential of completely undermining the stock market as an investment tool. If this is now the norm, then your investment is now hostage to leftists that want control.
I would never have purchased Twitter stock before, but if they do this, I don't see why anyone who is interested in ROI would ever buy it. It will be completely obvious they are not interested in growing the company financially.
The stock has been an absolute dog since the IPO. Had you invested 10k in index SP fund at the twitter IPO date, you'd have almost $25k. If you invested in twitter, you'd have $11200.
BAP Enthusiast said:will25u said:$TWTR set to open at a discount of more than 10% to @elonmusk's offer.
— Andy Swan, M.C. (@AndySwan) April 14, 2022
This suggests that the Twitter board is expected to shoot down the purchase.
Doing so would be a egregious violation of fiduciary duty, in my opinion, and would open the company up to serious lawsuits.Even if Musk is unsuccessful in the takeover, he will have brilliantly and clearly exposed the Left's unquenchable thirst for control above all else.
— Andy Swan, M.C. (@AndySwan) April 14, 2022
As expected, ESG trumps fiduciary duty now. This whole situation will prove it to everyone and force it out into the open. This has major potential of completely undermining the stock market as an investment tool. If this is now the norm, then your investment is now hostage to leftists that want control.
Yep, most just don't realize that yet. There was a group of CEOs that banded together pre-Covid that made an announcement that they would no longer be held accountable to traditional financial expectations for a company's success. It was largely ignored and forgotten about but it's real.
And ESG is the manifestation of that announcement. Now, Elon is at least putting that movement in the crosshairs with this bid so we shall see which way it goes. I'm skeptical any real, positive change will happen.
So, you mean it's Thursday. Trump is always glued to the TV.waitwhat? said:
I bet Trump is glued to the TV hoping this goes through.
sicandtiredTXN said:
Spoken like a true MarxistI am frightened by the impact on society and politics if Elon Musk acquires Twitter. He seems to believe that on social media anything goes. For democracy to survive, we need more content moderation, not less.
— Max Boot 🇺🇦 (@MaxBoot) April 14, 2022
I've read (and written) a lot of stupid stuff over the years.
But this might be the most idiotic, dumbass take I've ever seen. Just baffling.
CNN is an enemy of the state and should be treated as such.
JUST IN - Twitter will reportedly hold an all-hands meeting with employees at 2pm over Elon Musk's offer to take over the platform.
— Disclose.tv (@disclosetv) April 14, 2022
Also, if he wins the leftists in Silicon Valley will simply launch Twitter Blue Team for the rest of the world to migrate to. And most of corporate America and all of media will jump ship to the new platform. Along with most of the rest of the planet of whom most are marxist morons. Companies are not going to spend resources supporting much more than 2-3 major platforms. It's similar to the mobile OS app wars in that regard.
Elon will be left with Parlor 2.0. It will fail over time.
Elon will be left with Parlor 2.0. It will fail over time.
Musk will change the Blue Checkmark to just a Donkey.
He is exposing the facists. Love it.
He is exposing the facists. Love it.
Well this is awkward: TWTR board hired Goldman to "advise" it that the @elonmusk $54.20 offer is too low. Only problem: Goldman has a SELL rating with a $30 price target. Oops. pic.twitter.com/ViQXnXBD3C
— zerohedge (@zerohedge) April 14, 2022
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