Posted on 04/14/2022 4:17:59 AM PDT by bryan999
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.
“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.”
(Excerpt) Read more at cnbc.com ...
a year ago the stock price was 70
Imagine the lake of tears pouring out of all the triggered staff!
Stocks are not sold at a year ago prices. You know that. This is a very generous offer from Musk.
The best part is that the whiney snowflakes who work for twitter are being triggered and will need therapy animals to get through the day.
He would have to fire every last one of those types or else face constant passive-aggressive sabotage from them, the corporate version of the deep state.
That’s the best part of it. The far left losing their minds and screaming incantations.
It’s been declining since. Aside from the censorship and partisanship, the board has been making some just plain stupid decisions and mismanaging the company.
It's going to be a fun day!
I’m not sure that they’re screaming incantations so much as they’re just screaming incoherently because their brains are exploding.
That’s not exactly a huge problem right now. Twitter is overstaffed at current.
Interesting board:
https://investor.twitterinc.com/corporate-governance/board-of-directors/default.aspx
The stock closed yesterday at $45.85. As an investment, it's been dead money during an epic bull market for the last 8 years.
Stocks are not sold at a year ago prices. You know that. This is a very generous offer from Musk.
So does this have to pass the board BEFORE it goes to the stockholders for s vote or does it just go straight to the stockholders for a vote.
libs are melting down over there in the comments LOL
“if you don’t like it you can build your own platform” I’m trolling
I’m imagining, I’m imagining. 😂
I’d fire a third of them based on their current other positions listed there alone. The rest I’d want to see their resumes and do checks on.
What if he does a successful hostile takeover and then merges with Truth Social?!
I wonder if Twitter has a lot of jobs like Assistant Deputy Director of Diversity for Left-Handed Albino Trans, etc.
The deep state messaging pool is in crisis mode attempting to come up with narrative.
Rule 1, Musk must be too evil or stupid to negotiate with.
Rule 2, Projection - Musk is the threat to free speech
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