Mass suicides reported at Twitter HQ, Reddit is next
(twitter.com)
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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.
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.
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.
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.