Mass suicides reported at Twitter HQ, Reddit is next
(twitter.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (45)
sorted by:
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.