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Twitter shares halted: Musk going through with buy

Discussion in 'Too Hot for Swamp Gas' started by okeechobee, Oct 4, 2022.

  1. ncargat1

    ncargat1 VIP Member

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    Do not follow any politicians. Do not follow any athletes or performers or mainstream news outlets. Newsy is the closest I come, along with Reuters. A small number of mostly financial reporters and even some investors. Most of the follows are scientists from my field, as well as medicine, physics and technology. Several Gator reporters, national college football reporters and the Orioles. Pretty much it.

    None of those should ever intersect with politics, yet arse-clowns wish to continue to spew BS in threads with people who have forgotten more then those clowns will ever be able to make up. Now, it just gets worse.
     
    • Fistbump/Thanks! Fistbump/Thanks! x 1
  2. okeechobee

    okeechobee GC Hall of Fame

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    I'm sorry, but it's a silly suggestion. You don't think Twitter's lawyers are competent enough to pick up on all this? Can you explain why you think Twitter's lawyers need your guidance? I'm pretty sure Twitter knows what they're dealing with and will plan accordingly.
     
  3. mdgator05

    mdgator05 Premium Member

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    Of course they do. That is why they sued him after his first bad faith dropout attempt, a suit with a pretty high likelihood of success.
     
  4. okeechobee

    okeechobee GC Hall of Fame

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    Great. So then what is your issue? Twitter can just sue Musk if things go awry again.
     
  5. mdgator05

    mdgator05 Premium Member

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    I don't have an issue. Just pointing out that the argument of "He won't do bad faith things because of reputational damage" is pretty weak when he has already done bad faith things.
     
  6. okeechobee

    okeechobee GC Hall of Fame

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    The two would not be equal acts. A 2nd pulling out of the deal after sending a letter like this today would obviously be frowned upon way worse by the court than his 1st withdrawal. Everybody realizes that except for people who really like to hate Musk.
     
  7. 96Gatorcise

    96Gatorcise GC Hall of Fame

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    Musk, says he is buying twitter then says he is not. Price drops and all his rich buddies(money guys) buy at a deflated price and have minority controlling interests. Musk now will go through with buying twitter and the price goes up. Making his buddies money and having allies controlling stock.

    Musk looking for investors in the future says, hey buddies remember all that money I made you on twitter?
     
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  8. danmanne65

    danmanne65 GC Hall of Fame

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    I remember when Ted Turner lost money virtually every year that he owned TBS. You aren’t always profitable when you are growing.
     
  9. danmanne65

    danmanne65 GC Hall of Fame

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    Could musk have bought it at the reduced price or would that have been insider trading?
     
  10. g8trjax

    g8trjax GC Hall of Fame

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    So is everyone quitting again? :emoji_joy:

    [​IMG]
     
  11. 96Gatorcise

    96Gatorcise GC Hall of Fame

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    I think it depends on Twitter excepting a lower price offer. Also the SEC might have something to say.
    But I do think what I posted was some part of the plan.
     
    • Agree Agree x 1
  12. exiledgator

    exiledgator Gruntled

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    All of that is certainly possible, but the motives seem incredibly unlikely.

    Who spends $44B to hope to be able to procure future investments? Particularly when investors were already knocking down your door to hand you cash.
     
    • Agree Agree x 2
  13. tampagtr

    tampagtr VIP Member

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    It also assumes that these investors would make an investment in the future that they otherwise would not just as some form of obligation or goodwill back towards him. Which itself presumes that they made their recent investments at a lower price for something other than pure profit motive.

    None of that is how this usually works
     
  14. PITBOSS

    PITBOSS GC Hall of Fame

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    musk works with his “buddies” and drives down the price so they can make money which results in a much higher cost for musk. So musk, the richest man in the world, risks insider trading and readily spends much more money so his “buddies” might invest in something later?!
    Yeah, that’s not it.
     
  15. 96Gatorcise

    96Gatorcise GC Hall of Fame

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    Wealthy people sticking together making each other wealthier
     
  16. PITBOSS

    PITBOSS GC Hall of Fame

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    in many instances, yes
     
    • Agree Agree x 1
  17. enviroGator

    enviroGator GC Hall of Fame

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    All this talk about not being able to monetize twitter is crazy...

    Just do Google AdWords like advertising for hashtags. Drop ads into people's feeds based on the tags they most follow and like, and ads in the comments to the tweets.

    Done. Sit back and count your cash.
     
    • Agree Agree x 2
  18. mdgator05

    mdgator05 Premium Member

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    A. He is buying out the stock as a whole, so any "allies" that he has are going to be bought out.
    B. You left out the part where his "allies" doing this would increase the stock price, which didn't happen.
    C. You also left out the part where this would all be illegal.
     
  19. mdgator05

    mdgator05 Premium Member

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    They already drop ads into Twitter. But advertisers like the better targeting from Google and Facebook. Twitter has never been able to replicate their success.
     
  20. WarDamnGator

    WarDamnGator GC Hall of Fame

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    Yeah, that's true for companies like Amazon, too, who are expanding their services, acquiring other companies, expanding their markets across the globe ... how is twitter growing, though? It seems like it's been the same company for 10 years.