"...I'm alright Jack!..."
Posted on 04/25/2022 6:17:19 AM PDT by shadowlands1960
Referenced Symbols
TWTR +3.93% TSLA -0.37% SPX -2.77%
Twitter Inc. TWTR, +3.93% shares rose 5% premarket Monday, after Reuters said the social media site is set to accept Tesla Inc. TSLA, -0.37% CEO Elon Musk's "best and final" offer to buy the company. Musk said last week he had lined up $46.5 billion in financing to back his bid for the company announced April 14, when he offered $54.20 a share. Musk has criticized the company for failing to live up to its potential as a platform for free speech. But Musk himself has used Twitter to start a spat with the Securities and Exchange Commission, with a famous tweet in which he claimed he had "funding secured" to take Tesla private. And Twitter enacted a poison pill that would make it expensive to take full control of the company. Reuters cited unnamed people who are familiar with the matter and said an announcement could come as early as today. Twitter shares are up 13% in the year to date, while the S&P 500 SPX, -2.77% has fallen 10%.
(Excerpt) Read more at marketwatch.com ...
I wonder if Elon fully understands what he is getting into here. The culture at twitter is systematic throughout the corporation. How can you fix that without burning it down first? It is the same in our government, it seems insurmountable.
Yep, just like Trump was undermined at every stage of the game, so will Musk if he doesn't clean house.
“I wonder if Elon fully understands what he is getting into here. The culture at twitter is systematic throughout the corporation. How can you fix that without burning it down first?”
Musk is a Gen Xer who has heard that same line of caution in virtually every aspect of business he has engaged in:
Really, electric cars? That will never work!
Really, space travel, you can’t compete with NASA, that will never work.
Correcting Twitter’s errant ways may be as simple as moving their HQ out of San Francisco into TX.
He’s about to give these whackados a lesson-suppository in free market economics. However, I expect the government to throw as many wrenches as possible into this deal.
Tesla is heavily invested in China. Thus far there has been no real profit realized. Business conditions in China are worsening and it may be a very long time before there is a return on this huge investment. Musk is smart to diversify his wealth.
“he culture at twitter is systematic throughout the corporation. How can you fix that without burning it down first?”
Same as any group of people: Make a few examples, tolerate no variances, and set rules no one dare violate, then start rewarding compliance.
It is what the liberal did to control twitter.
so he makes $2billion in one day.
I expect it to be far different than trying to run the government, particularly the federal government, top-down, as Trump was forced to do.
For starters, I suspect everyone working there has a ‘Fire-at-Will’ clause in their work contracts (at least that’s how other tech firms operate)...so if they try to get cute, they CAN be fired. So try to be Paul Ryan and off you go! And if Musk has full control over Twitter, that also means he cannot be impeached.
Overall, I think what may well happen is a lot of the ‘woke’ workers wind up leaving and getting replaced by non-wokes from other tech companies. And while non-wokes are certainly a minority in that ‘space’ (as they call it), there are more than enough to fill the empty slots at Twitter...at least as long the other tech companies remain hostile to their non-wokes.
and they can work from home as Musk sells off the headquarters.
Getting out of San Francisco would be my first move.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.