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Musk buys a big chunk of Twitter

Discussion in 'Too Hot for Swamp Gas' started by rivergator, Apr 4, 2022.

  1. WarDamnGator

    WarDamnGator GC Hall of Fame

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    Why do they need to sell at all? Musk made an unsolicited offer they couldn't refuse. They were not exactly looking for a buyer, IIRC...
     
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  2. back2back2006

    back2back2006 GC Legend

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    Twitter come Monday is going to get destroyed.
     
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  3. PerSeGator

    PerSeGator GC Hall of Fame

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    Incidentally, this is part of why boards aren’t required to accept a buy out offer just because it is higher than the current market price.

    When you’re dealing with a loose cannon and known market manipulator like Musk, there’s a sizable chance the deal doesn’t close at the offered price, likely forcing the company into major litigation. And not just an ordinary big law suit, but one against a public figure who is already critical of your company and has a huge following of fans that he loves to turn against his enemies.

    Heck, the narrative now is that Musk intended to do this the whole time to “expose” and embarrass Twitter. True or not, these are the kinds of things boards have to consider before accepting unsolicited buy out offers, even if they are nominally above the price of the day.
     
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  4. G8tas

    G8tas GC Hall of Fame

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    I hope so as it will allow me to pick up a lot more shares
     
  5. VAg8r1

    VAg8r1 GC Hall of Fame

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    • Agree Agree x 1
  6. VAg8r1

    VAg8r1 GC Hall of Fame

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    Musk has been sued by Twitter shareholders for market manipulation and from what I could determine the lawsuit is still pending meaning that Elon could be on the hook for billions of dollars in damages.
    Twitter Shareholders Sue Elon Musk For Sowing Confusion To Tank Deal – Deadline
    Twitter shareholders sue Musk, claim he sought to drive down stock price
    Twitter investors sue Elon Musk over acquisition shenanigans – TechCrunch
    Twitter Shareholders Sue Elon Musk Twitter Over Chaotic Deal
    And let's not forget this:
    SEC confirms probe of Elon Musk’s Twitter share purchase disclosures

    It could turn out that Elon Musk has been too smart for his own good.
     
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  7. WarDamnGator

    WarDamnGator GC Hall of Fame

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    I doubt it, it’s been trading about $20 less than Musk’s offer since early May, looks like Wall Street already priced in that Musk is a lying dope.
     
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  8. l_boy

    l_boy 5500

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    That would be fine with me. Take Facebook with it.
     
  9. g8trjax

    g8trjax GC Hall of Fame

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    Musk trolling twitter on twitter. :)
     
  10. mrhansduck

    mrhansduck GC Hall of Fame

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  11. Emmitto

    Emmitto VIP Member

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    Whoa Elon, crank it down on the passive-aggressive defensiveness, not EVERYONE believes you volunteered to choose between losing big or losing massively.
     
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  12. Gatorrick22

    Gatorrick22 GC Hall of Fame

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  13. mdgator05

    mdgator05 Premium Member

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  14. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    I believe they said 90% interaction with bots... NOT the same thing as 90% are bots, so... still too often...

    Don't tell me. You believe in some 'Q" but you don't know that the CIA is very well funded though corporate investments and other means?

    Do yourself a favor and get a better Browser and a real Search Engine... not powered the by Google types.



    Tell me if you see a theme...

    25 Cutting Edge Firms Funded By The CIA


    ‘Intelligence coup of the century’: CIA secretly owned encryption firm used by other countries to communicate


    Open your eyes...

    5 Corporations Now Dominate Our Privatized Intelligence Industry
     
    Last edited: Jul 11, 2022
  15. tjenkins78

    tjenkins78 Junior

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    Probably the first time he's pulled out of anything
     
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  16. mdgator05

    mdgator05 Premium Member

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    Oh, so a bot read 90% of posts? See, that I would believe because people have bots that record posts. But what a stupid point, if that is what they are saying.

    So wait, is the CIA controlled by the corporations or are the corporations controlled by the CIA? It is always so difficult to tell what nonsense theory is being offered.
     
  17. tjenkins78

    tjenkins78 Junior

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  18. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    You either already know what the CIA is up to, or you are playing dumb... You're too smart to be the other.
     
  19. mdgator05

    mdgator05 Premium Member

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    So what is the CIA up to, exactly?
     
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