Posted on 04/14/2022 3:51:28 AM PDT by TigerClaws
Billionaire Elon Musk has offered to buy Twitter for $41.39 billion, a regulatory filing showed on Thursday. Musk's offer price of $54.20 per share represents a 38 percent premium to the closing price of Twitter's stock on April 1, the last trading day before the Tesla CEO's over 9 percent investment in the company was publicly announced. The outspoken Tesla CEO, known for his social media antics, told Bret Taylor, the Chairman of the Board: '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.
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I don’t know how the Board of Twitter can reject this offer, given their fiduciary responsibility.
Good to have a super rich, super smart guy on the side of free speech. Trump/Musk 2024
They will find a way.
One thing that would generate is that when they fail to live up to the potential of a 38% increase in value, the entire board could be scrubbed. The new board would have better ears for listening to healthy offers.
Buy stock at ______ a share. Check.
Offer to buy more stock at ______ a share (a 38% premium). Check.
When investors inflate the stock price by buying it, thinking they'll sell at the "premium" price, dump the stock and take the profit
Don’t kid yourself.
The Board would have to demonstrate that $54.20 a share, to date the highest bid, isn't in the shareholders best interest.
I have to trust Mr. Musk’s business knowledge, but also believe if he does acquire Twitter, it will be dropped as the go to source for opinions by the MSM.
Elon should have invested in Truth Social.
but application of the new Woke standard..... 🤣
A year ago the stock price was at 70
this might be rejected
They wont sell on ideological grounds alone, not even for $100 a share.
That board serves one master: Deep State.
If they turn him down and he sells his shares the stock price will collapses to the teens
“If you don’t like how we run twitter buy your own!”
Hey you can’t do that!
Buy it and reinstate Trump, make him CTO, Chief Troll Officer.
I'm not into social media but if Musk bought it, I would give it a look.
I post a few lines on FR each day, read the articles at the NT Post, Breitbart and a few other outlets and that's it for me.
Ever since the 2020 fraud election I've lost most of my interest in political news and find most stuff {even here at FR, boring}.
I'm spending more time outdoors, and less time here at the keyboard, which is a good thing for me.
But, just to have Musk shove it up their politically correct asses, I'd love to see him buy twatter.
A Board doesn’t have the discretionary power to reject a bid based on a rejection of the 1st amendment. They have a money driven fiduciary responsibility, and shareholders are their responsibility.
TruthSocial can’t even process signups properly. There is no reason for them to have a million-plus queue for a digital service supposedly open to the wider public.
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