Elon Musk buys a big chunk of Twitter
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wrote on 12 Apr 2022, 16:58 last edited by
Then again, it would probably be easy to overestimate how much anybody actually cares. Whatever reactions we're seeing are amplified by whatever media we consume those reactions through. Has anybody seen a random-sample reaction to this?
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@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@taiwan_girl said in Elon Musk buys a big chunk of Twitter:
I dont use twitter at all, but obviously know what it is about, etc.
In the esteemed opinion of the forum brains:
If Elon Musk buys a large share of Twitter, what do you think he will do to change things?
If YOU were able to change things at Twitter, what would you do?
I guess I dont understand what the fear/happiness is if he buys a large share of Twitter.
I think Musk would have different motivations than current Twitter management, which I think would be a good thing for the platform. That's all I can say with some certainty.
I think that makes sense, but to the 99% of people not directly involved with the compnay, what does that mean?
Shift in algorithm?
No moderation?
etcwrote on 12 Apr 2022, 17:02 last edited by@taiwan_girl said in Elon Musk buys a big chunk of Twitter:
@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@taiwan_girl said in Elon Musk buys a big chunk of Twitter:
I dont use twitter at all, but obviously know what it is about, etc.
In the esteemed opinion of the forum brains:
If Elon Musk buys a large share of Twitter, what do you think he will do to change things?
If YOU were able to change things at Twitter, what would you do?
I guess I dont understand what the fear/happiness is if he buys a large share of Twitter.
I think Musk would have different motivations than current Twitter management, which I think would be a good thing for the platform. That's all I can say with some certainty.
I think that makes sense, but to the 99% of people not directly involved with the compnay, what does that mean?
Everything is speculation until it happens.
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I dont use twitter at all, but obviously know what it is about, etc.
In the esteemed opinion of the forum brains:
If Elon Musk buys a large share of Twitter, what do you think he will do to change things?
If YOU were able to change things at Twitter, what would you do?
I guess I dont understand what the fear/happiness is if he buys a large share of Twitter.
wrote on 12 Apr 2022, 17:16 last edited by xenon 4 Dec 2022, 17:17@taiwan_girl said in Elon Musk buys a big chunk of Twitter:
If Elon Musk buys a large share of Twitter, what do you think he will do to change things?
Fewer bans. Wouldn't have banned Trump.
Other than that - not much.
Trump could have set up a simple blog called "Trump thoughts" and just self-published.
He was bigger than the platform.
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@taiwan_girl said in Elon Musk buys a big chunk of Twitter:
@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@taiwan_girl said in Elon Musk buys a big chunk of Twitter:
I dont use twitter at all, but obviously know what it is about, etc.
In the esteemed opinion of the forum brains:
If Elon Musk buys a large share of Twitter, what do you think he will do to change things?
If YOU were able to change things at Twitter, what would you do?
I guess I dont understand what the fear/happiness is if he buys a large share of Twitter.
I think Musk would have different motivations than current Twitter management, which I think would be a good thing for the platform. That's all I can say with some certainty.
I think that makes sense, but to the 99% of people not directly involved with the compnay, what does that mean?
Shift in algorithm?
No moderation?
etcMusk is an established proponent of "free speech", which is to say, he practices it, and has been known to utter opinions not in line with the woke narrative of the day. He is not a trusted member of that tribe, which may, to the bean counters at Twitter, seem dangerous. And of course it may seem dangerous to indoctrinated folk who get triggered when they are confronted by opinions that make them feel unsafe.
For practical purposes you might consider this to be a fear of less moderation, but there is also the notion that Musk will be considered a visible leader on the platform, regardless of practical effect. Think of how people felt their own self-image to be tarnished by Trump as their president. People don't like leaders they feel are icky, regardless of the practical effect of those leaders.
wrote on 12 Apr 2022, 22:10 last edited by Copper 4 Dec 2022, 22:11@Horace said in Elon Musk buys a big chunk of Twitter:
People don't like leaders they feel are icky
There can be no question that the most important trait of any leader today is, not icky.
I am so happy that when I was a working man dealing with leaders, nobody had ever heard of not being icky.
Tough Minded Managers were in demand.
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@taiwan_girl said in Elon Musk buys a big chunk of Twitter:
If Elon Musk buys a large share of Twitter, what do you think he will do to change things?
Fewer bans. Wouldn't have banned Trump.
Other than that - not much.
Trump could have set up a simple blog called "Trump thoughts" and just self-published.
He was bigger than the platform.
wrote on 12 Apr 2022, 22:20 last edited by George K 4 Dec 2022, 22:20@xenon said in Elon Musk buys a big chunk of Twitter:
Fewer bans. Wouldn't have banned Trump.
Other than that - not much.
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wrote on 14 Apr 2022, 11:38 last edited by
Bret Taylor
Chairman of the Board,I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.
However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.
As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.
Twitter has extraordinary potential. I will unlock it.
/s/ Elon Musk
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wrote on 14 Apr 2022, 11:56 last edited by
I was just coming here to post that
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wrote on 14 Apr 2022, 11:57 last edited by Klaus
As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash
I bought a few days ago at $44. I'll happily sell my few stocks to Elon for that price.
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@taiwan_girl said in Elon Musk buys a big chunk of Twitter:
If Elon Musk buys a large share of Twitter, what do you think he will do to change things?
Fewer bans. Wouldn't have banned Trump.
Other than that - not much.
Trump could have set up a simple blog called "Trump thoughts" and just self-published.
He was bigger than the platform.
wrote on 14 Apr 2022, 12:00 last edited by@xenon said in Elon Musk buys a big chunk of Twitter:
Trump could have set up a simple blog called "Trump thoughts" and just self-published.
He used to publish short statements on and off via something he called “From the Desk of Donald J. Trump” (that’s after his Twitter and Facebook bans), but that did not get much traction and eventually he stopped doing that. None of Trump’s efforts to move to or create other social media platforms has gone anywhere.
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wrote on 14 Apr 2022, 12:05 last edited by
Why doesn't the stock price go up to $54.20? Is that a signal of the uncertainty that people will sell to Elon?
How many shareholders would need to sell to make the deal go through?
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wrote on 14 Apr 2022, 12:12 last edited by
As for Musk buying 100% of Twitter and taking Twitter private …
- Will the Board sell? @klaus aside, will the shareholders sell? The Twitter-verse has always been more than “making money,” just not sure how much more.
- Will it run into regulatory roadblocks? It won’t be the fist time the government step in to stop some mega merger or mega buyout.
- If the buyout attempt fails, will Musk try to build his own or just move on to the next project?
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Why doesn't the stock price go up to $54.20? Is that a signal of the uncertainty that people will sell to Elon?
How many shareholders would need to sell to make the deal go through?
wrote on 14 Apr 2022, 12:13 last edited by@Klaus said in Elon Musk buys a big chunk of Twitter:
Why doesn't the stock price go up to $54.20? Is that a signal of the uncertainty that people will sell to Elon?
How many shareholders would need to sell to make the deal go through?
Probably wait ‘til the US markets open before you take the last reported ticker price seriously?
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wrote on 14 Apr 2022, 12:15 last edited by
In the filing:
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wrote on 14 Apr 2022, 12:26 last edited by
Taking Musk’s statements at face value, the offer to buy Twitter will come up to $43 Billion. Subtracting the 9%-ish that Musk already owns, Musk still needs to cough up $40 Billion in cash. That’s something like one fifth of Musk’s estimated net worth, most of which are tied up in equities of other companies. Will Musk be willing to actually pay the massive capital gains hit to sell whatever equities in other companies to come up with the $40 Billion to take Twitter public? If he is, what are the effects on the companies whose stocks Musk will sell to raise the cash for his Twitter takeover?
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Taking Musk’s statements at face value, the offer to buy Twitter will come up to $43 Billion. Subtracting the 9%-ish that Musk already owns, Musk still needs to cough up $40 Billion in cash. That’s something like one fifth of Musk’s estimated net worth, most of which are tied up in equities of other companies. Will Musk be willing to actually pay the massive capital gains hit to sell whatever equities in other companies to come up with the $40 Billion to take Twitter public? If he is, what are the effects on the companies whose stocks Musk will sell to raise the cash for his Twitter takeover?
wrote on 14 Apr 2022, 12:36 last edited by@Axtremus said in Elon Musk buys a big chunk of Twitter:
Taking Musk’s statements at face value, the offer to buy Twitter will come up to $43 Billion. Subtracting the 9%-ish that Musk already owns, Musk still needs to cough up $40 Billion in cash. That’s something like one fifth of Musk’s estimated net worth, most of which are tied up in equities of other companies. Will Musk be willing to actually pay the massive capital gains hit to sell whatever equities in other companies to come up with the $40 Billion to take Twitter public? If he is, what are the effects on the companies whose stocks Musk will sell to raise the cash for his Twitter takeover?
Wouldn't banks happily give him a loan?
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@Axtremus said in Elon Musk buys a big chunk of Twitter:
Taking Musk’s statements at face value, the offer to buy Twitter will come up to $43 Billion. Subtracting the 9%-ish that Musk already owns, Musk still needs to cough up $40 Billion in cash. That’s something like one fifth of Musk’s estimated net worth, most of which are tied up in equities of other companies. Will Musk be willing to actually pay the massive capital gains hit to sell whatever equities in other companies to come up with the $40 Billion to take Twitter public? If he is, what are the effects on the companies whose stocks Musk will sell to raise the cash for his Twitter takeover?
Wouldn't banks happily give him a loan?
wrote on 14 Apr 2022, 12:46 last edited by@Klaus said in Elon Musk buys a big chunk of Twitter:
Wouldn't banks happily give him a loan?
The loan will need to be paid back, with interest. The money still needs to come from somewhere. With old school buyout, you’d try to convince the bank that the company you’re buying will generate enough cash to pay back the loan. Twitter is not even profitable right now.
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@Klaus said in Elon Musk buys a big chunk of Twitter:
Wouldn't banks happily give him a loan?
The loan will need to be paid back, with interest. The money still needs to come from somewhere. With old school buyout, you’d try to convince the bank that the company you’re buying will generate enough cash to pay back the loan. Twitter is not even profitable right now.
wrote on 14 Apr 2022, 12:50 last edited by@Axtremus said in Elon Musk buys a big chunk of Twitter:
@Klaus said in Elon Musk buys a big chunk of Twitter:
Wouldn't banks happily give him a loan?
The loan will need to be paid back, with interest. The money still needs to come from somewhere. With old school buyout, you’d try to convince the bank that the company you’re buying will generate enough cash to pay back the loan. Twitter is not even profitable right now.
He could use a part of his stocks in Tesla and SpaceX as collateral, no?
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wrote on 14 Apr 2022, 12:52 last edited by
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@Klaus said in Elon Musk buys a big chunk of Twitter:
Wouldn't banks happily give him a loan?
The loan will need to be paid back, with interest. The money still needs to come from somewhere. With old school buyout, you’d try to convince the bank that the company you’re buying will generate enough cash to pay back the loan. Twitter is not even profitable right now.
wrote on 14 Apr 2022, 12:56 last edited by@Axtremus said in Elon Musk buys a big chunk of Twitter:
@Klaus said in Elon Musk buys a big chunk of Twitter:
Wouldn't banks happily give him a loan?
The loan will need to be paid back, with interest. The money still needs to come from somewhere. With old school buyout, you’d try to convince the bank that the company you’re buying will generate enough cash to pay back the loan. Twitter is not even profitable right now.
It’s not profitable because the God King doesn’t own it yet.
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wrote on 14 Apr 2022, 12:57 last edited by
If it costs Musk 10% of his net worth, it would probably not change his life - at all. That's not the case for most of the planet.
What are the actual mechanics of this happening? Who has to approve the sale - board of directors or a vote of all shareholders?
If it's approved, I assume shareholders will be paid out at the price agreed upon, right?
So, if Twitter is not profitable, as @Axtremus says, how much money per year does it lose? Will that bother Musk, or will he just twirl his mustache and say, "I laugh at these losses! Watch what I do next!"?
