Mass suicides reported at Twitter HQ, Reddit is next
(twitter.com)
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A bold move. I think Twatter is probably not salvageable at this point, but this warrants breaking out the popcorn at least!
I suggest anybody interested in a twitter style social media go to poast or freespeechextremist. Twitter is probably better off burning down but there would just be something else to replace it right after.
Elon Musk has sent the journalists on a frenzy of seething.
You love to see it!
Elon is definitely shady with his Neuralink transhumanism but his potential Twitter purchase can't ruin Twitter anymore than it already has been.
Given the choice between a matrix/cyberpunk style future with neurolinks etc .. and Social Justice Idiocracy... I choose the former.
If either way we're drinking soykaf, I'll take the one where real coffee is still allowed to exist.
Elon has indicated support for mandatory verification of every account with picture ID, which is a step towards social credit scores. That could turn into a Hundred Flowers Campaign real quick even if that isn't Musk's intent.
Twitter forced to allow free speech is the worst thing for the Twitter trans censors.
Reddit being forced to stay away from hiring pedophiles is the worst thing that could happen to the Reddit Groomers.
Reddit helped create the brooklyn shooter - Reddit TOS encourages and allows anti-white racism
Reddit needs to be held responsible for their terrorists
And that is without considering how it's filled with disgusting troon fucks who brag about giving hormones to kids.
Elon buys Twitter, then deletes it.
What the duck? Can he even pull this off? I know he is very intelligent but he is risking a lot here, is he not? How much money does twitter make and from what, twitter seems like a very bad investment? I hope this does not end up biting Elon in the ass.
Was just watching news on it about half an hour ago, Twitter stock was creeping upwards, about a penny per two seconds.
Wall Street Bets/GameStop move to kill Twitter?
F Ross Johnson and RJR Reynolds?
Of course the stock is going up. If you buy the stock now at $45 you can cash out at $54 when Elon buys it from you... easy 20% profit.
Except TWTR won't sell to Elon, and then he has an excuse to sell his stock at approaching $54 instead of $45 - more profit for Elon when he sells and leaves others holding the bag.
Twitter shareholders know that they will never get a better deal than what Elon Musk is offering them.
I don't think it is likely they refuse to sell.
It's current year plus 8 and people still think the owners of massive influence platforms and companies are motivated by profit and not ideology
My point is that they are unlikely to refuse to sell to Elon.
If they sell to him, it is likely that Elon is also part of the same WEF club.
I don't expect that Twitter even under new ownership will ever allow discussion of anything that goes against the mainstream narratives pushed by the elites.
Elon Musk is great at shitposting and posting a few red pills but he is probably still part of their club.
While I most certainly don't trust the guy, I'm also not 100% convinced he's part of their club. Why spend such a chunk of your wealth just to keep fucking Twatter in the same club?
edit: question marks end questions
He's not offering $54 to shareholders, he's offering it to the company. If they accept, the shares are recalled in exchange for $54 per share.
The only decision here is by the board, and they won't sell because they don't want to. This isn't even like a vote at a shareholder meeting.
But NOT taking the offer can lead to a class-action lawsuit by the shareholders.
Apparently they just need to come up with some bullshit about how they think the stock value will be worth more, or how they plan to increase it over the buyout price. Blackrock will help them figure it out. I'm slightly hopeful, but like other people here I suspect it's not about the money for them.
They'll just say it's not worth 20% for big funds like Vanguard to have a taxable event. They'd need an equivalent in capital losses to avoid paying that 20% in taxes.
Or they'll delay the decision until the stock goes up to $53 from speculators and say anybody that wanted out could have just sold the stock themselves at the same value.
I don't think they even have to justify saying no, but even if they do this small premium is easy to lawyer away. Now if Elon had presented it to stockholders at the shareholder meeting and offered $420/share that would be different.
It was $70+ just months ago.
It's not about money though. Shareholders are Vanguard, the Saudi's, et al - they will never sell their #1 propaganda tool for any price and all they need is a justification.
It was $70+ just months ago is a justification - doesn't matter if it's realistic.
So Elon pays 70. I don't think you realize just how rich he is.
I hope, but he has said this is his final offer.
I think if the offer was for $69.42 they would have to take it.
This is the 4D chess that makes a billionaire
What's sad is that this used to be normal behavior for successful businessmen. Overregulation and the managerial class taking over corporate America weakened our economy and lowered expectations so much that it looks like a bold unconventional move from a wildcard maverick.
Parag is like the anti-Elon.
In short, he can but the ball right now is in the board's court. They can accept his offer (in which case the shares are recalled by the company at $54.20) or they can refuse.
If they refuse, Elon can try to buy a 50.1% stake on the open market. Attempting to do so would be... expensive.
It's not going to happen.
can't wait for all tweets by trannies to get a line "fact check: men can't turn into women"
Twitter shares already rose 12% today. He is just making his 3 billion more progitable.
i doubt he'd really buy it then stop censorship
Democrats will push a bunch of commie bills to try and regulate those sites.
Do you think leftoids will leave? No fucking way will they. Victimhood is what they crave, pretend freedom fighting with zero danger.
Reddit will go back to being 4chan's more retarded sister if this happens. The worst of the leftists will fuck off to some other platform and the ones that stay will be "normal" leftists that may have TDS but aren't fucking retarded.
While I can appreciate the flex, I am wary of rich people just outright purchasing ownership of whatever institution they have an issue with. It's a dangerous accumulation of power and we shouldn't ignore that just because we happen to have some affinity for the guy doing it.
lol all your enemies already consolidated big everything bit by bit, but guys guys guys letting someone outright purchase the same enemy stronghold is bad!
You're an idiot.