And stockholders should sue!
The ‘woke’ REALLY love controlling the information. Google, Twitter, Facebook. All taken over by horrible people and college indoctrinated tyrants..
IMHO, the intrinsic value of Twitter is zero.
It was a first mover and has a huge base, for now - but there is absolutely nothing special about what if offers. Others are doing the same. It will very soon become “unfashionable”
Fixed it.
Musk might be better off keeping it as is and getting control over Trumps failed attempt at social media.
And then make it work.
[[“I don’t believe that the offer by [Musk] ($54.20) comes close to the intrinsic value of [Twitter] given its growth prospects,”]]
Haven’t they been losing money the last 3 years?
A poison pill is among the dumbest and least effective approaches, short and long term.
Musk is a genius and a friend of freedom.
The obvious Twitter move is to have an investor coalition led by Jack Dorsey (and a big chunk of his $15B net worth) outbid Musk by $0.10 per share. Musk has committed not to go higher (a mistake unless he is welcoming such an offer).
If not Dorsey, then Bloomberg, Bill Gates, MacKenzie Scott, Steve Schwarzman, Dan Gilbert, Eric Schmidt, Steve Jobs’ widow.
It’s implausible to me that Apple or any other large corporation would be competitive in any kind of bidding contest, or that they would pass antitrust scrutiny.
It does not seem to me that Musk is intent on winning this. As I’ve written, his “BAFO” language invites competing bids. I’m also of the opinion that there are likely better ways for Musk to advance this crucially important cause than to own and control Twitter. I imagine him forcing Twitter to commit to better behavior, then selling into the winning bid, taking his $1.5B in winnings and putting them to some other use, such as starting up his own platform.
However this turns out, Musk I think wins and freedom of speech ends up substantially better off.
I'm no broker or a trader but...the above sounds like something that would get the SEC's serious attention if it were pulled by...oh...let's say...a Donald Trump.
It might be legal but doesn't seem fully above board.
The best outcome here would be that Twatter double down on stupid, Musk sells his holdings for a profit, and then Twatter dies a slow, equity-sucking death.
Easy to overcome. Musk tells everyone who believes like him to buy a few shares of twitter. Then let him vote by proxy.
There is a Gamestop solution coming.
The damage is done. No matter what the Board does now, the shareholder suits will run amok. Lawyers are smiling right now at the limitless prospects. The mere act of bidding likely destroyed Twitter.
Those poison pills are usually just poison to the current stockholders who might just sue to stop the dilutions.
When otherwise intelligent people do things that don’t make sense, it means they are doing those things for reasons that are hidden.
Their battle to prevent - at all costs - this particular takeover stinks to high heaven. It is becoming very clear that this is not at all about money. There is something else they don’t want to lose. And I think we know what it is.😉
They don’t need a poison pill. The Democraps sic’d the bastards (Elon Musk’s term) at the SEC on Elon over this attempt to institutionalize Free Speech in the social netwolking arena.
Thus, Twitter's anti-American, anti-Christian bias is not so much a surprise.
They really do not want free speech!
Gab.com’s Offer To Elon Musk
https://news.gab.com/2022/04/14/gab-coms-offer-to-elon-musk/
What we are missing at the moment is an ISP. I fear that the next big leap of censorship is at the ISP level, with ISP’s blocking access to Gab.com. You solve that problem with Starlink. Together we can build infrastructure for a free speech internet.
I am willing to offer you a Board seat along with equity in the company in exchange for you selling your Twitter position and investing $2B into Gab. My offer is my best and final offer.
Gab has extraordinary potential. Let’s unlock it together.
Andrew Torba
We all know liberals will claw to their last breath, to keep whatever power they have.