Elon makes all-cash offer to take Twitter private

366,642 Views | 2873 Replies | Last: 21 hrs ago by aTm2004
Some Junkie Cosmonaut
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In reply to DeLaHonta • 1:45p, 6/6/22
AG
DeLaHonta said:
You must not follow Elon very closely if you don't think he is obsessed with getting attention.


I'm not sure you follow anything closely judging by your posts.
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bthotugigem05
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1:48p, 6/6/22
AG
Elon had been posting that something didn't smell right about Twitter in the months leading up to his offer. He's the only person alive who has the ability to do the following:

  • Doubt Twitter's user count of actual humans
  • Make an offer that TWTR's board cannot refuse
  • Get into the sharing of information that is typical after an acquisition
  • If Twitter's user count claims check out, buy the company as promised in a free speech move
  • If Twitter's user count claims do not check out, back out for free and claim deliberate obfuscation of SEC disclosures, destroying TWTR on the way out
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MouthBQ98
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In reply to DeLaHonta • 1:51p, 6/6/22
AG
If you don't think he is intelligent and goal oriented and has a purpose for his actions, I don't know what to say. It might not be one that may people agree with, but the guy does seem to be purpose and goal driven. He has a rationale for what he is doing.
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cecil77
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In reply to DeLaHonta • 2:40p, 6/6/22
AG
Oh he enjoys the attention, but that's just a bonus. Money is the only score that counts.
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2:40p, 6/6/22
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techno-ag
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In reply to DeLaHonta • 2:45p, 6/6/22
AG
DeLaHonta said:
It's hilarious watching Elon try to weasel his way out of a deal he made for attention while high. What kind of moron waives due diligence when making a $44 billion acquisition? Buyer's remorse is a B, especially when it's for $44 billion.
Dude … this is the due diligence.
Trump will fix it.
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jh0400
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In reply to techno-ag • 3:12p, 6/6/22
AG
techno-ag said:
DeLaHonta said:
It's hilarious watching Elon try to weasel his way out of a deal he made for attention while high. What kind of moron waives due diligence when making a $44 billion acquisition? Buyer's remorse is a B, especially when it's for $44 billion.
Dude … this is the due diligence.


Diligence has phases. This is what should be confirmatory due diligence, but it appears that Musk didn't perform preliminary due diligence beyond what was in the public domain. Most likely, this is because the TWTR board couldn't get comfortable with disclosing more to his team without a deal that has significant penalties should he fail to close.
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techno-ag
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In reply to jh0400 • 3:16p, 6/6/22
AG
jh0400 said:
techno-ag said:
DeLaHonta said:
It's hilarious watching Elon try to weasel his way out of a deal he made for attention while high. What kind of moron waives due diligence when making a $44 billion acquisition? Buyer's remorse is a B, especially when it's for $44 billion.
Dude … this is the due diligence.


Diligence has phases. This is what should be confirmatory due diligence, but it appears that Musk didn't perform preliminary due diligence beyond what was in the public domain. Most likely, this is because the TWTR board couldn't get comfortable with disclosing more to his team without a deal that has significant penalties should he fail to close.
Eh. That sounds like hairsplitting.
Trump will fix it.
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bthotugigem05
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3:18p, 6/6/22
AG
It is pretty common practice for mergers and acquisitions (especially hostile ones), not unusual at all.
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jh0400
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In reply to techno-ag • 3:26p, 6/6/22
AG
Not hairsplitting at all. It's the way non-friendly deals for public cos are done.
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aezmvp
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3:30p, 6/6/22
A lot of the releases over the last two weeks seem to be pretty twitter friendly. Additionally I think it's clear they don't want to release this data because the number is probably closer to 30% or even higher. If it is then their SEC filings even though they say "might be higher" are bunk. It's a ton of exposure and I'm certain that Elon had inside info on this from @Jack.
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will25u
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3:38p, 6/6/22
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Old McDonald
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3:56p, 6/6/22
what I wonder is to what extent the amount of bots on Twitter is already baked into its value. Elon is far from the first person to point out the bot problem, it's why advertisers pay for engagement on social media platforms and not number of followers/likes/etc.

my theory is he bit off more than he could chew here and is trying to save face while backing out, but we'll see
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samurai_science
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In reply to Old McDonald • 3:57p, 6/6/22
Old McDonald said:
what I wonder is to what extent the amount of bots on Twitter is already baked into its value. Elon is far from the first person to point out the bot problem, it's why advertisers pay for engagement on social media platforms and not number of followers/likes/etc.

my theory is he bit off more than he could chew here and is trying to save face while backing out, but we'll see
LOL, your theory is funny.
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Ol_Ag_02
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In reply to Old McDonald • 4:01p, 6/6/22
AG
Old McDonald said:
what I wonder is to what extent the amount of bots on Twitter is already baked into its value. Elon is far from the first person to point out the bot problem, it's why advertisers pay for engagement on social media platforms and not number of followers/likes/etc.

my theory is he bit off more than he could chew here and is trying to save face while backing out, but we'll see


The worlds richest and possibly smartest man bit off more than he could chew, huh.

Next time, he should probably run things by the Old Macdonald brain trust first. Save himself the embarrassment.
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Some Junkie Cosmonaut
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4:48p, 6/6/22
Squadron7
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In reply to Old McDonald • 4:58p, 6/6/22
AG
Old McDonald said:
what I wonder is to what extent the amount of bots on Twitter is already baked into its value. Elon is far from the first person to point out the bot problem, it's why advertisers pay for engagement on social media platforms and not number of followers/likes/etc.

my theory is he bit off more than he could chew here and is trying to save face while backing out, but we'll see

My theory is that he will either get Twitter at a cheaper price or cause the board more trouble than they will be able to handle.
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akm91
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In reply to Old McDonald • 5:08p, 6/6/22
AG
Old McDonald said:
what I wonder is to what extent the amount of bots on Twitter is already baked into its value. Elon is far from the first person to point out the bot problem, it's why advertisers pay for engagement on social media platforms and not number of followers/likes/etc.

my theory is he bit off more than he could chew here and is trying to save face while backing out, but we'll see
"And liberals, being liberals, will double down on failure." - dedgod
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rednecked
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In reply to Ol_Ag_02 • 7:28a, 6/7/22
AG
Ol_Ag_02 said:
Old McDonald said:
what I wonder is to what extent the amount of bots on Twitter is already baked into its value. Elon is far from the first person to point out the bot problem, it's why advertisers pay for engagement on social media platforms and not number of followers/likes/etc.

my theory is he bit off more than he could chew here and is trying to save face while backing out, but we'll see


The worlds richest and possibly smartest man bit off more than he could chew, huh.

Next time, he should probably run things by the Old Macdonald brain trust first. Save himself the embarrassment.
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will25u
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12:26p, 6/8/22
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Proc92
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In reply to will25u • 12:28p, 6/8/22
They must have figured out a way to hide the truth.
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aggiehawg
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In reply to Proc92 • 12:41p, 6/8/22
AG
Proc92 said:
They must have figured out a way to hide the truth.
Hired people to pretend to be the owners of the bit accounts?
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richardag
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12:45p, 6/8/22
With this amount of Elon Musk's money on the line, I would think he already knows how many bots there are and likely the source of many of the bots.
Among the latter, under pretence of governing they have divided their nations into two classes, wolves and sheep.”
Thomas Jefferson, Letter to Edward Carrington, January 16, 1787
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jh0400
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12:57p, 6/8/22
AG
They probably received feedback from counsel that should the deal fall through they will have a disclosure issue going forward. A lower price from Elon is still likely better than that alternative.
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hph6203
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1:32p, 6/8/22
AG
All I read out of that is they're admitting they weren't being transparent before.
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. . .
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7:14p, 6/13/22
https://www.businessinsider.com/elon-musk-to-attend-all-hands-meeting-at-twitter-2022-6


Meanwhile…

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Who?mikejones!
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9:58p, 6/13/22
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techno-ag
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In reply to Who?mikejones! • 10:34p, 6/13/22
AG
Agthatbuilds said:
Would one say ... they are self-censoring?
Trump will fix it.
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will25u
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3:06p, 6/14/22
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agent-maroon
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In reply to will25u • 3:09p, 6/14/22
AG
will25u said:
What does "firehose of user data" mean?
No material on this site is intended to be a substitute for professional medical advice, diagnosis or treatment. See full Medical Disclaimer.
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javajaws
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In reply to agent-maroon • 3:11p, 6/14/22
AG
agent-maroon said:
will25u said:
What does "firehose of user data" mean?
Supposedly some unrestricted API that lets them pull whatever data they want. Presumably to run analytics on it to detect fake accounts, etc.
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." - Ben Franklin
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cecil77
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3:13p, 6/14/22
AG

Quote:
Twitter is preparing to grant Elon Musk unprecedented access to platform data in an effort to address his concerns about automated accounts, The Washington Post reported on Wednesday. Citing a person familiar with the company's thinking, the report says Twitter is preparing to give Musk access to the so-called "firehose" API that contains every tweet as it is posted.


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agent-maroon
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In reply to javajaws • 3:14p, 6/14/22
AG
Thank you!
No material on this site is intended to be a substitute for professional medical advice, diagnosis or treatment. See full Medical Disclaimer.
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AggieMD95
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In reply to richardag • 3:28p, 6/14/22
AG
richardag said:
With this amount of Elon Musk's money on the line, I would think he already knows how many bots there are and likely the source of many of the bots.


DNC
CIA
Putin
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Willie_Mac
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In reply to AggieMD95 • 3:38p, 6/14/22
AG
AggieMD95 said:
richardag said:
With this amount of Elon Musk's money on the line, I would think he already knows how many bots there are and likely the source of many of the bots.


DNC
CIA
Putin
plus Saudis

Remember the Kingdom owns over $1.0B shares of Twitter
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