Posted on 04/14/2022 6:24:03 AM PDT by libh8er
Elon Musk offered to buy Twitter for $54.20 a share, saying the social media company needs to be transformed privately, a little over a week after first revealing a 9.2% stake in the company. Musk’s offer values Twitter at about $43 billion.
“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,” Musk wrote in a letter sent to Twitter Chairman Bret Taylor and disclosed in a securities filing.
According to Musk, the social media company needs to go private because it can “neither thrive nor serve” free speech in its current state.
“As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced,” he wrote. “My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.”
Clean house, bring back Trump, get rid of the deadwood.
As I read this he’s getting out.
this pretty much sums up the reaction on twitter right now
Liberals reaction if Elon Musk buys Twitter
https://rumble.com/v10y8lb-liberals-reaction-if-elon-musk-buys-twitter.html
LOL! Any libgressive heads a poppin’ at that offer?
I still wouldn’t use my real info on twitter. The place is so toxic and hate filled that it’s just a bad idea to imo.
Twitter board is meeting within the hour to discuss the offer per CNBC
Its trading at $48 right now.
I trust no one. If Musk actually does succeed in buying Twitter, the end result of actual free speech is TBD. I’ll believe it when I see it.
If that happens, what happens to Truth Social?
“Its trading at $48 right now.”
Does that mean that Elon Musk is selling? Or that he is buying in on all the loose shares now lying around?
Either strategy is filled with land mines.
He will buy all shares at the offer price
it’s only 48 now because many think it will be rejected
if you like to gamble you could buy at 48 and cash out at 54 and make a quick 12%
It means there’s an offer for $54, so if you buy at anything under $53.99, there is money to be made IF it happens.
Or buy $55 puts, and make a real fortune when the offer is denied.
If musk buys Twitter outright, the result cannot be any worse than it is now, and I think that it will be a great deal better.
That said, I don’t see them selling under any circumstances, but maybe I’m wrong. Their business model probably isn’t great over the long-term. They’re having to sell optional paid memberships to make money now.
It’s dead Jim
Even if he buys the company Musk might find it difficult getting and managing replacement employees to go along with his free speech policies.
“bring back Trump”
I keep hearing Musk will need to generate capitol to pull this off....as in sell tesla stock or have investor help.
Wouldn’t it be beyond hilarious if that help was no other than DJT himself? Lol!
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