From a stock price perspective they launched their IPO almost 10 years ago at around $41, and it immediately almost went to $70. Since then it has fluctuated as low as $15 and as high as $77. It's currently in the mid-$40s.
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Elon Musk proposes to buy 100% of Twitter for $54.20 per share in cash
- Thread starter St. Elmo's Fire
- Start date
- News
That would sink Twitter and all the people in charge know it.
Trump wasn't banned because of his politics
I agree, and it is massive in news media and politics for good reason. You will reliably find breaking news on twitter faster than anywhere else.
Do you really believe that Musk and these other dipshits think that way? In their minds they are the oppressed and marginalized by us "liberal elites". They absolutely believe that conservatives on Twitter like Trump were banned simply for being conservatives.
Musk is so detached from reality that he's going to burn Twitter and his 50bil investment to the ground in a desperate attempt to hoard the love and attention of right wing loonatics.
TWTR is where it was in late 2013. There are probably few time-frames where it has outperformed the market, and going back five years conveniently compares the current buyout boosted price with a near all-time low, which is cherry picking.
The twitter board announced a 'poison pill' option that they could vote on if Musk (or anyone) purchased more than 15% of the stock without board permission and this could be used to inflate the price but I do not think it could stop him if he had enough purchasing power to swallow it.
Thankfully it looks like Twitter are going to make this impossible.
Last thing the world needs is Elon having any more influence.
Last thing the world needs is Elon having any more influence.
Not only is it "possible", but the structure of the tender offer probably makes it all-but-inevitable that it will happen.
Elon Musk says his offer to buy Twitter is about 'the future of civilization,' not making money
Elon Musk defended his offer to purchase Twitter on Thursday, saying during an on-stage interview at the TED conference that he sees the acquisition as nothing less than a turning point for civilization.
edition.cnn.com
lol.
🤮
He's really going to go for it isn't he.
Maybe I'm misunderstanding this but was t the idea of the "poison pill" supposed to be the thing that prevents this? Like why would all of the sudden Elon going "I'm serious and I have the funding" change the original idea to prevent this exact thing from happening?
Notice he thinks his personal takeover and privatization is 'important to the future of civilization', he is a neo-fash accelerationist and cares nothing for democracy.🤮Elon Musk says his offer to buy Twitter is about 'the future of civilization,' not making money
Elon Musk defended his offer to purchase Twitter on Thursday, saying during an on-stage interview at the TED conference that he sees the acquisition as nothing less than a turning point for civilization.
He's really going to go for it isn't he.
The poison pill doesn't make it impossible for him to buy Twitter. It just makes it harder.
Poison Pill is a very dangerous move activated after Musk purchases more than 15% of the company , that allows anyone who wishes to purchase Twitter stock to get 2 stocks for the price for one. So, trading volume will skyrocket, but current stock owners will have trouble selling, and Twitter could end up really messing up their financials.
This does not stop Musk from purchasing stocks, just makes it harder for him to reach the required ownership stake to change the members of the board.
And board can still accept his purchase deal.
Lol this shit is complete nonsense. What productive good would possibly come from open-sourcing a moderation algorithm for a multi-million user site? You would just have thousands of chuds throwing out pull requests to get the green-light to use every slur, death threat tactic, and other clown shit under the sun. I would not envy whatever poor sap whose job it would be to actually comb through that shit lol.Elon Musk says his offer to buy Twitter is about 'the future of civilization,' not making money
Elon Musk defended his offer to purchase Twitter on Thursday, saying during an on-stage interview at the TED conference that he sees the acquisition as nothing less than a turning point for civilization.
lol.
🤮
He's really going to go for it isn't he.
His litmus test for what's allowed is also just stupid BS. "Anything and everything" would be a cleaner statement because that's effectively what it is. Like under his proposed test I could HYPOTHETICALLY setup an automated Twitter account that every hour describes a new way I wish I could cause bodily harm to Elon Musk if given the chance in gross detail. Surely that would be something he wouldn't not like, and therefore, should definitely be allowed!!
I barely use this shit site as it is anymore to be fair, but I absolutely will dump what little ties of it I have left if he buys it.
Probably not--at least not in the US. Historically, anti-trust law is only used against businesses, not the humans who own the business as shareholders. For example, back in the early days of the Sherman Antitrust Act, there were several huge conglomerates that were basically controlled by 1 human each. After antitrust enforcement, the US government broke up the companies into many pieces, but share ownership remained with the same humans as before.
Another difficulty is that Musk does not own significant parts of social media companies, or anything that would vertically integrate with them in a meaningful way.
Musk owning 100% of Twitter may get the US government to scrutinize the monopoly social media companies have, and they may break up the tech giants. That would be a good outcome. But I am not aware of anything that suggests they can stop Musk from owning Twitter.
Ugh, not looking forward to this new Twitter at all. Musk's also probably going to fire a whole ton of people currently at the company given his prior comments, yeah?
Would be nice if there could be a successful mass exodus to somewhere else, although no idea where.
Would be nice if there could be a successful mass exodus to somewhere else, although no idea where.
The federal government could nationalize Twitter and buy it themselves, at a discount too by claiming imminent domain.
There should be an open source platform that all social media apps can post too. A photo, video, text, it's not rocket science. These apps are all doomed as this will inevitably happen anyway, much like you can see embeded Tweets here. Social media platforms that don't support this will lose out on visibility.
This will happen whatever people think should or shouldn't happen with Twitter.
This will happen whatever people think should or shouldn't happen with Twitter.
Oh of course. I actually think Twitter would actually have to move closer to Musk's version of free speech if the government owned it too, ironically.
Aka I want to bring back Trump and delete any evidence with me and Epsteins wife.Elon Musk says his offer to buy Twitter is about 'the future of civilization,' not making money
Elon Musk defended his offer to purchase Twitter on Thursday, saying during an on-stage interview at the TED conference that he sees the acquisition as nothing less than a turning point for civilization.
lol.
🤮
He's really going to go for it isn't he.
I am so not looking forward to being completely depressed and stressed out for another 7 years straight.
Just like the WHO, I presume that ACLU will side step their morals for money.
The ACLU only cares about free speech being absolute in these cases. They'll gladly represent white supremacists.
They seem like the people who you would only call in the most dire legal situations.
The ACLU does a lot of work defending trans youths and access to abortion. Their free speech absolutism may be wrong in certain situations, but they're certainly not worth writing off entirely.
Donating 6 million dollars over the past five years is like pennies to Musk, hell he might honestly not even know he's doing it.
It really feels like they've been missing the forest for the trees recently.
How so? I feel like they've been on it with the number of bills related to those issues I mentioned popping up lately.
I wonder how quickly someone will get banned for saying negative things about Tesla or SpaceX.
Yep me too. Will be the kick I need to finish off twitter for good. I don't want musk verifying my humanity.
I was able to kick Twitter awhile back by just changing the timeline to be 'most recent' which, with everyone I follow, made it super boring.
I did change it back and got addicted, but if this happens I can reverse course and wean myself off through boredom.
Maybe although I get the feeling it will be a completely unmoderated cess pool of bullshit. But I could see them making some exceptions for not saying bad things about musk.
Yeah I've been on it increasingly less and I just started using it during the pandemic. But this would definitely be the last nail in the coffin.
