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- Thread starter jc100
- Start date
I would be lying if I said I understood the mechanics of how buying out a publicly traded company works, but $54 a share seems like a crappy offer. Also I have a hard time imagining anything good coming from this. I can't stand Twitter and barely use it but for a lot of people it's at least ok.
The SEC might not be able to do much for the original shady buy, but they might not have to apparently - he's being sued.
The really short version is, say for example, there are a total of 1 million shares of a company that are owned by the shareholders, (aka a million shares outstanding) ) and the market price of these shares is 10 bucks, the company is "valued at" 10 million.
Musk offered something like an 18% premium to the actual share price of Twitter, the share price was somewhere in the low 40's at the time as I recall. So it was a generous offer. My numbers could be off a bit, just going on memory from something I skimmed over.
Ewww. I dont like the Tupperware on the RT.I'll see your K car and raise you one K bike:
There were later (and better looking) K bikes, but that one was period-appropriate...
Here's a nicer one to look at:
I thought some Saudi prince who owns a big chunk has turned him down.
Twitter is a space where people try to get stuff from each other, whether it's something of value or just a rise from an "rival".
Over time it seems to be gradually favouring left wing values over the right. That might be a reflection of the people who work there.
They seem to have abandoned the argument that they are just a service provider of a "meeting hall" and not a content producer, and are now actively "policing" their product, as are many others such as Facebook etc.
There's an issue of them being able to judge you unworthy of using their platform, as it can impart an economic advantage.
imgur is pretty much the same now. It used to be a great place to find interesting photos.
p.s. My wedding "limo" was one of these:
Twitter is a space where people try to get stuff from each other, whether it's something of value or just a rise from an "rival".
Over time it seems to be gradually favouring left wing values over the right. That might be a reflection of the people who work there.
They seem to have abandoned the argument that they are just a service provider of a "meeting hall" and not a content producer, and are now actively "policing" their product, as are many others such as Facebook etc.
There's an issue of them being able to judge you unworthy of using their platform, as it can impart an economic advantage.
imgur is pretty much the same now. It used to be a great place to find interesting photos.
p.s. My wedding "limo" was one of these:
There were later (and better looking) K bikes, but that one was period-appropriate...
Here's a nicer one to look at:
Try as I might, I don't know what to make of that bike. Does it have forks or is that some kind of alternate front suspension? Also, I keep seeing Bender. Otherwise pretty cool, not withstanding the "bug deflector" for the gauges.
Duolever front suspension AKA Hossack suspension.
Duolever - technology in detail
Duolever front suspension by BMW Motorrad combines features that until now were incompatible, namely directional stability at high speed, agile handling, a precise steering sensation and directionally stable braking efficiency in all speed ranges. You can find out more online!
www.bmw-motorrad.ca
DownUnder
Well-known member
No idea why people care if he buys twitter. It's a social platform. If Dorsey bought Facebook, would there be an outrage? I doubt it. I feel the people freaking out about the sale are just his haters thay freak out about everything he does. The average person doesn't use or care about Twitter.
Only 20% of the US population use it and of those only 10% (2% of the US pop) make the vast majority of posts. Personally I think it's overvalued and he's ripping himself off, but people are free to do what they want with their money.
For ***** and giggles he should offer to buy reddit too.
Only 20% of the US population use it and of those only 10% (2% of the US pop) make the vast majority of posts. Personally I think it's overvalued and he's ripping himself off, but people are free to do what they want with their money.
For ***** and giggles he should offer to buy reddit too.
Most of the pundits are saying Drumph won't go back to Twitter as it would be akin to admitting his own Truth social media site is a failure.
Welp, looks like the Twitter buyout is rumoured to have the go ahead. Will probably still be minimum 6-12 months until Musk takes over given due diligence and everything else that has to happen. Will definitely be interesting what his first move is once the deal is finalized,if he even remembers Twitter at that point.
Musk's initial best and final offer was 46.5B. They apparently negotiated and settled at 44B. It must have been an interesting negotiation when you ended up billions below the buyers initial offer.
They're due to report soon, I don't think they met expectations, after that happens the stock would tank, especially if Musk were to unload some.
I still won't Twit.
It’d be funnier if his ‘purchase’ was to pump the stock, and DOGE, and then during due diligence the purchase failed to complete.
Pump and dump.
Pump and dump.
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