Posted on 04/25/2022 9:54:49 AM PDT by Red Badger
I hope that even my worst critics remain on Twitter, because that is what free speech means
— Elon Musk (@elonmusk) April 25, 2022
UPDATE — Elon Musk just dropped a major hint a few minutes ago.
Breaking: Twitter is in talks to sell itself to Elon Musk and could finalize a deal this week, people familiar said, after the company warmed up to the $43 billion bid. https://t.co/UBS47ODbLq
— The Wall Street Journal (@WSJ) April 25, 2022
WSJ has the scoop late Sunday night.
Twitter is in discussions to sell itself to Elon Musk and could finalize a deal as soon as this week, people familiar with the matter said, a dramatic turn of events just 10 days after the billionaire unveiled his bid for the social-media company. The two sides met Sunday to discuss Mr. Musk’s proposal and were making progress, though still had issues to hash out, the people said. There are no guarantee they will reach a deal.
Exclusive – Twitter Poised To Accept Elon Musk's $54.20 Per Share Offer As The Price At Which The Company Is Sold-Sources to @Reuters $TWTR #twitter #ElonMuskTwitter #buyout #Exclusive
— Global Markets Forum (@ReutersGMF) April 25, 2022
Mr. Wonderful drops truth
my question is what changed the boards view so quickly?
either bad twitter quarter report coming or?
Libs freaking out and Musk trolls them to stay.
BRAVO
Threat of personal lawsuits, they were in a no-win situation.............................
I think they had to accept it, otherwise the stockholders would have sued them onto oblivion.
Now, will the Twitter employees sabotage Twitter?
I don’t understand the liberal meltdown over Elon Musk and him wanting to buy Twitter.
Are they worried that Trump will be allowed back? But then don’t liberals love freedom of speech and oppose censorship? What’s up with the liberal view of this issue?
Could have been pressure from shareholders. The board would be open to lawsuits for failing their fiduciary responsibilities. A lot of those board members were nice fat targets.
Elon Musk may be the only person alive and famous today who is going to be remembered in 1000 years (as more than a footnote to history).
Even if ths Top Dog does not use Twitter but uses his own Truth Social this will be huge for Republicans and conservatives, et. al. getting out their messages heading into Fall 2022.
Trump has boxed himself into a corner on this one. If he were to return to Twitter then no reason for Truth Social. In any event Truth Social is dead in the water at this point anyway, Trump has not even made one post on it and he was to be the fuel to fire that thing. Now that Musk has bought Twitter it’s down the tubes.
The whole thing with Truth Social was a screw up from beginning to end, hurried and rolled out way too soon and now overtaken by events unthought of just a month ago. So goodbye Truth Social.
If Musk overhauls Twitter and allows many banned accounts back then not only Truth Social is through, it will impact Gettr, Gab and others, they will not be relevant either and Parlor is a distant memory ins’t it.
Best thing for Musk to do is to lock-down Twitter for a week and have his people carefully look at the behavior of all 7500 workers there (such as on internal message boards and emails)...and fire those who won’t fit-in to the new corporate culture of ‘inclusivity’.
Lawsuits by shareholders for violation of their fiduciary duty to them.
Hi.
Here is the lazy man’s valuation of a company...
Industry: media
Revenue:: $3.7 billon yr
Earnings per share -
Media properties go for around 3x revenue.
Approximately $11 billion. Shares outstanding 764 million equals appox. $15 per share.
Mr. Musk is giving the shareholders a hugh premium.
Methinks this is personal.
5.56mm
Elon Musk may be the only person alive and famous today who is going to be remembered in 1000 years (as more than a footnote to history).
—
Not if Starship succeeds in his goal of a self-sufficient colony on Mars of over a million people. To begin in the 2030s with 1000 launches a year - 100-200 tons of cargo to set up, then 100 passengers per on the succeeding launches.
“my question is what changed the boards view so quickly?”
Desantis said Florida is investigating them for breach of fiduciary duty. 2 days later...lol!
“The whole thing with Truth Social was a screw up from beginning to end”
My guess, sabotage.
“If Musk overhauls Twitter and allows many banned accounts back”
Musk will own Twitter not run it. One would need to change the management team and their rules for that to happen. So it may take a while. We will see.
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