a year ago the stock price was 70
Imagine the lake of tears pouring out of all the triggered staff!
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.
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.
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
This could be interesting. I hope Musk already has a solid transition plan in place. He needs to clean house in the key decision making positions and be alert to employee sabotage at all levels. He also needs to be prepared for substantial employee turnover, which will be a benefit if he can create a solid feeder system for new hires. If he indeed wants to transform the company culturally, there is a real opportunity, but he will need to get the right people in place, and quickly. Musk is not one of us politically and culturally, but he is independent and a free thinker. He probably understands the importance of real diversity in the key positions, which would include a fair representation of conservative and libertarian viewpoints to keep the Overton window open. I hope he also understands that he needs to purge the woke totalitarians.
If they reject, what are his options?
Musk only needs to acquire 51% of Twitter common stock to effectively own Twitter. Then he can do either clean house by firing the CEO, Board of Directors and the VP’s and/or make Twitter a private company and buy out the remaining shareholders. No one can stop him since he owns the majority of stock and has a majority of stockholder votes.
Right now He’s a saint in my book. Clean up that cess pool.
This is hilarious. Go get them, Elon.
Take it private and shut it down.
Go Musk GO!
Boom, Kraken, BOOM!
The objective is to increase his holdings with the shares from the smaller stockholders until he has enough to control or push a full sale of Twitter.
All the folks holding 2-300 shares of stock would be able to recoup their losses from when they purchased, and walk away clean.
If not accepted, Musk sells and the price will plunge to $9 a share and the holdings will not keep the company floating. Musk could then offer to buyout for the lower amount he is offering and still wind up owning the company.
There is one other thing. Dorsey is having remorse about taking Twitter to where it is now, and if HE sells to Musk, basically Musk takes control without any bloodshed. At least until the pink slips start going out 3 months from the takeover. Takes about that long to do personnel evaluations, hire replacements, if I read Musk correctly, move the operation to someplace friendlier, like Texas or Florida if he wants better talent.
If I knew how I would buy a few shares so I could sell them to Elon.
“After the disclosure of his Twitter stake, Musk revealed that he also intended to take a seat on the board of the company. However, for reasons that have not been announced, he has decided not to take the seat.”
Well, Duhhh!
He intends to buy the company, not deal with the board of directors. Imagine how the Umpa Lumpa’s who work there feel.
Start censoring left wing political thought. Shut down twitter accounts for prominent democrats for violating “community standards”.
I can hear the sound of a billion liberals all screaming at once, then silence.
Could this be the first step in a Hostile Takeover?