Elon Musk now owns 9.2% of twitter...update.. will soon be the sole owner as Board of Directors accepts his purchase offer

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Lost_in_the_HTTP

Lost_in_the_HTTP

Lifer
Nov 17, 2019
13,246
7,854
136
She used to at least present an image of credibility, but has since gone completely goofy.

Maria Bartiromo: People Should Be Outraged At Twitter, Not Musk Wanting To Fix It

www.realclearpolitics.com.ico
RealClearPolitics|12 minutes ago
FOX Business Network's Maria Bartiromo and Dagen McDowell host WSJ assistant editorial page editor James Freeman to discuss the variety of reactions to Elon Musk announcing he wants to buy Twitter.
 
A

A///

Diamond Member
Feb 24, 2017
4,351
3,160
136
Lost_in_the_HTTP said:
She used to at least present an image of credibility, but has since gone completely goofy.

Maria Bartiromo: People Should Be Outraged At Twitter, Not Musk Wanting To Fix It

www.realclearpolitics.com.ico
RealClearPolitics|12 minutes ago
FOX Business Network's Maria Bartiromo and Dagen McDowell host WSJ assistant editorial page editor James Freeman to discuss the variety of reactions to Elon Musk announcing he wants to buy Twitter.
Click to expand...
Fox does that, though. They hire semi-credible, sane people and then use them to push their views to semi moderates who might have a distaste for Fox's right-wing news. Judge Napolitano was one example. Chris Wallace another. Shep Smith another.
 
hal2kilo

hal2kilo

Lifer
Feb 24, 2009
25,773
12,093
136
Lost_in_the_HTTP said:
She used to at least present an image of credibility, but has since gone completely goofy.

Maria Bartiromo: People Should Be Outraged At Twitter, Not Musk Wanting To Fix It

www.realclearpolitics.com.ico
RealClearPolitics|12 minutes ago
FOX Business Network's Maria Bartiromo and Dagen McDowell host WSJ assistant editorial page editor James Freeman to discuss the variety of reactions to Elon Musk announcing he wants to buy Twitter.
Click to expand...
I thinks she's obsessed because Trump never tried to assault her. She been long gone, along time. Years.
 
B

baydude

Senior member
Sep 13, 2011
814
80
91
Goldman Sachs valued TWTR $30 two months ago, now advises Twitter board against takeover at $54. Isn’t the board required to do what’s in the best interest of shareholders? Isn’t this like Yahoo rejecting MSFT takeover offer and then the stock tanking all over again?

If the current Twitter board takes actions contrary to shareholder interests, they would be breaching their fiduciary duty.
Click to expand...

 
Fenixgoon

Fenixgoon

Lifer
Jun 30, 2003
33,157
12,606
136
baydude said:
Goldman Sachs valued TWTR $30 two months ago, now advises Twitter board against takeover at $54. Isn’t the board required to do what’s in the best interest of shareholders? Isn’t this like Yahoo rejecting MSFT takeover offer and then the stock tanking all over again?



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nope. still waiting for someone to point to a CFR statute that says it does. and who's to say that allowing musk to buy out twitter is in the best interest of the shareholders in the first place? sure, they get a big payout. but twitter's long term value is arguably bigger, and better, by not becoming a giant cesspool of shitposters.
 
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F

fskimospy

Elite Member
Mar 10, 2006
87,759
54,781
136
baydude said:
Goldman Sachs valued TWTR $30 two months ago, now advises Twitter board against takeover at $54. Isn’t the board required to do what’s in the best interest of shareholders? Isn’t this like Yahoo rejecting MSFT takeover offer and then the stock tanking all over again?

Click to expand...
What is considered in the best interest of shareholders is incredibly broad. Any attempt to sue them for not taking the offer will not go far I bet.

It looks like Musk isn’t going to be successful and I’m glad he won’t be allowed to ruin Twitter.
 
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zinfamous

zinfamous

No Lifer
Jul 12, 2006
111,738
31,103
146
baydude said:
Goldman Sachs valued TWTR $30 two months ago, now advises Twitter board against takeover at $54. Isn’t the board required to do what’s in the best interest of shareholders? Isn’t this like Yahoo rejecting MSFT takeover offer and then the stock tanking all over again?



Click to expand...

sure. let him buy a $30 company for $54, then tank it to $7 and less within the year, because that is what Elon will do. How is that in the shareholders' interest?

He wants to turn it into Gab/Prlr/Truth/whatever, because apparently all of those media applications failing because no one wants to listen to rightwing sociopaths spill nonsense thoughts online is not a profitable idea for a company. If you don't understand that, then you're a fucking idiot.

What Elon claims to want has already been tried at least half a dozen times. Everyone already knows this. Stop being stupid.
 
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B

brycejones

Lifer
Oct 18, 2005
29,618
30,145
136
baydude said:
Goldman Sachs valued TWTR $30 two months ago, now advises Twitter board against takeover at $54. Isn’t the board required to do what’s in the best interest of shareholders? Isn’t this like Yahoo rejecting MSFT takeover offer and then the stock tanking all over again?



Click to expand...

If the board believes the company is worth more than $54 a share than turning down Elon's offer is in their best interest. But please do point to anything that requires a board to accept an offer just because its over the current share price or more than some analyst thinks the company is worth.
 
Heartbreaker

Heartbreaker

Diamond Member
Apr 3, 2006
5,053
6,623
136
ivwshane said:
Why couldn’t he buy Facebook? I’d support the killing of that more than killing Twitter.
Click to expand...

Facebook Market Cap is more than 10X that of Twitter. Musk can Afford Twitter, but he can't Afford Facebook.

Plus he spends his time post on Twitter, not Facebook.
 
Brovane

Brovane

Diamond Member
Dec 18, 2001
6,298
2,513
136
Zorba said:
Yeah, no other company has to deal with that, ever. Especially not Ford, GM, Boeing, American Airlines, Exxon, Walmart, etc. I'm sure Tesla could be worth as much as them if people just stopped being mean to them.
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Analysis of the Maybe/Maybe Not "short-seller action" against Musk/Tesla/SolarCity. ;)

https://teslamotorsclub.com/tmc/threads/elon-musk-vs-short-sellers.118431/#post-2814570

Then there is the entire Blood Emerald FUD.

I Talked to Elon Musk about Journalism and the Blood Emeralds Story
 
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Zorba

Zorba

Lifer
Oct 22, 1999
15,613
11,255
136
  • Haha
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Zorba

Zorba

Lifer
Oct 22, 1999
15,613
11,255
136
Brovane said:
Is that your rebuttal?
Click to expand...
My rebuttal is that I'm not going to waste my time reading an "analysis" from a bunch of butt hurt cultists with a victimhood complex.

People short Tesla because it's stock price doesn't make sense on any traditional fundamentals. Every stock gets shorted from time to time, it obviously hasn't had negative long term effects on Tesla. The only reason it gets so much coverage is because Musk takes it as a personal insult. Long investors should like it because it gives them a buying opportunity.
 
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Brovane

Brovane

Diamond Member
Dec 18, 2001
6,298
2,513
136
Zorba said:
My rebuttal is that I'm not going to waste my time reading an "analysis" from a bunch of butt hurt cultists with a victimhood complex.

People short Tesla because it's stock price doesn't make sense on any traditional fundamentals. Every stock gets shorted from time to time, it obviously hasn't had negative long term effects on Tesla. The only reason it gets so much coverage is because Musk takes it as a personal insult. Long investors should like it because it gives them a buying opportunity.
Click to expand...

With Tesla and Solar City there was something else going on than just the normal short interest. There was a deliberate attempt to break both companies they succeeded with Solar City.
 
cytg111

cytg111

Lifer
Mar 17, 2008
25,866
15,318
136
Transparency and opensourcing the algo's .. cant really argue with that, it's been pissing me off since day one, specially with facebook.

 
F

fskimospy

Elite Member
Mar 10, 2006
87,759
54,781
136
cytg111 said:
Transparency and opensourcing the algo's .. cant really argue with that, it's been pissing me off since day one, specially with facebook.

Click to expand...
You want them to open source their proprietary algorithms? How much are you planning on paying them to do that?

In a similar vein as public safety is involved can I assume you support forcing Tesla to open source its self driving software?
 
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cytg111

cytg111

Lifer
Mar 17, 2008
25,866
15,318
136
fskimospy said:
You want them to open source their proprietary algorithms? How much are you planning on paying them to do that?

In a similar vein as public safety is involved can I assume you support forcing Tesla to open source its self driving software?
Click to expand...
Totally the same thing so yea obviously.
 
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